2 suspects in ‘illegal investment scheme’ arrested in Laoag

MANILA, Philippines — Two suspects allegedly involved in an “illegal investment scheme” were arrested in an entrapment operation in Laoag City, Ilocos Norte, the National Bureau of Investigation (NBI) reported Thursday. According to the NBI, its Laoag District Office, in coordination with the Securities and Exchange Commission (SEC) Laoag Extension Office, conducted the operation in Brgy. 25 on Wednesday. READ: NBI raids in Binondo yield over P237-M fake goods After conducting surveillance, NBI agents went to the area, acted as “poseur investors,” and handed P100,000 to the suspects in exchange for an investment contract, leading to their arrest. The two […]... Keep on reading: 2 suspects in ‘illegal investment scheme’ arrested in Laoag

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