Police Colonel Ireneo Dalogdog, chief of CIDG-7
Dalogdog was first referring to their August 29 operation, wherein they nabbed a certain Nino Jedeiah Ramos, who was allegedly the man behind the multi-million investment scam, Forex Trading Business, which is based in Tagbilaran City. However, last December 2020, Ramos reportedly left Bohol and closed his office without prior notice, allegedly after hearing rumors that his business was a scam due to complaints from his investors who did not receive the promised return of their capital. Some also said that lines of Ramos are already out of reach.
Dalogdog said that they received information that Ramos was seen in barangay Bartolome in Novaliches, Quezon City. CIDG coordinated with the operatives in Quezon City, which resulted to the successful arrest of Ramos last August 29. Meanwhile, last August 26, a certain Agustin Fontillas, who claimed to be a pastor, voluntarily went to the office of the National Bureau of Investigation in Negros Oriental after receiving several death threats allegedly from his investors.