Topic: ₱100M Cryptocurrency Scam - suspect is now arrested. (Read 202 times)
I guess it goes to show na minsan, kahit gaano tayo kaingat, kapag natamaan tayo ng tamang timpla ng too good to be true na offer at takot na maiwan, nagiging bulag tayo. Malaking bagay din na maging vigilant tayo, lalo na't ang mga scammers ay nagiging mas creative sa kanilang mga diskarte. Sana nga masundan pa natin ang mga updates sa kaso para makita natin kung talagang makakamit ang hustisya para sa mga biktima.
The so-called "cryptocurrency king" has been arrested for scamming a total of ₱100 million from various victims. His scheme wasn’t too flashy - he promised a modest 4.5% monthly return, which seemed reasonable enough for people to think it was legit. At first, he paid out as expected, but eventually, things went south when payouts stopped coming, classic scam behavior.
One unfortunate victim lost a whopping ₱50 million. Even after that, when they reached out to the scammer, they were asked for an additional ₱826,000 as a "processing fee," thinking they might finally get their money back. Little did they know, they were being scammed again, adding insult to injury.
Now, the suspect is facing charges of estafa, and there are additional lawsuits for evading capture. So far, 10 victims have officially come forward to file complaints.
Source (you can also see the actual report in video).
https://www.gmanetwork.com/news/topstories/metro/882210/crypto-scammers-nabbed-after-allegedly-stealing-p100m-from-victims/story/
One unfortunate victim lost a whopping ₱50 million. Even after that, when they reached out to the scammer, they were asked for an additional ₱826,000 as a "processing fee," thinking they might finally get their money back. Little did they know, they were being scammed again, adding insult to injury.
Now, the suspect is facing charges of estafa, and there are additional lawsuits for evading capture. So far, 10 victims have officially come forward to file complaints.
Source (you can also see the actual report in video).
https://www.gmanetwork.com/news/topstories/metro/882210/crypto-scammers-nabbed-after-allegedly-stealing-p100m-from-victims/story/
Actually kabayan may post na ako sa topic nato last year September din Crypto king arrested in Philippines for 100 million fraud
Pero tulog na din naman ang thread na yun at baka gusto ng ibang tao na makapag usapan ulit ang topic nato ay close ko yung luma kung thread. Para dito nalang pag usapan sa kaganapang yan.
Saklap nga eh daming nag pa budol sa taong yan eh halata naman masyado na walang credibility pero may naniwala parin talaga. Dito talaga natin makikita na maraming mangmang na Filipino pag usapang investment.
Well, kasi kahit 5% monthly lang, for sure maiisip ng iba na legit ito kasi hindi naman kalakihan ang earnings, lalo na kung ikukumpara sa mga scam na nangangako ng dobleng kita o investment sa loob ng isang buwan. Kaya kahit ako rin ang tatanungin mas pipiliin ko ito dahil mukhang lehitimo. Ganun pa man kahit na educated sila hindi nila ni research kung legit ba ito o talagang garantisadong may kikitain. Yan tuloy nauwi sa ganito.
And that's why there are scammers still, not just in crypto, because there are a lot of gullible people out there that will still fall for this kind of scam. This is not the first and certainly not the last.
You can really smell that this is a scam if the scammers ask additional money before you can withdraw it. For me, it's really the greed of making money, at 4.5% still very high returns and so this millionaires, out of their greediness wanted "easy" money. But they didn't know that it is obvious a scam.
You can really smell that this is a scam if the scammers ask additional money before you can withdraw it. For me, it's really the greed of making money, at 4.5% still very high returns and so this millionaires, out of their greediness wanted "easy" money. But they didn't know that it is obvious a scam.
I was familiar of this news and I thought that it's another crypto king that's arrested. But even so, this should always be given the highlight for everyone to see and be aware of these kinds of scams.
I'm quite disappointed to see many of our wealthy countrymen who are probably educated individuals still believe in these kinds of scams [especially when the person managing it is quite young (23 only)]!
Me either, I'm just saddened that they're wealthy and yet, they cannot detect or see the red flags that they're being scammed and fooled. They should know better when they have money and they know the way to riches because there's no shortcut to it. 
His scheme wasn’t too flashy - he promised a modest 4.5% monthly return, which seemed reasonable enough for people to think it was legit.
I'm quite disappointed to see many of our wealthy countrymen who are probably educated individuals still believe in these kinds of scams [especially when the person managing it is quite young (23 only)]!According to "this source", the scammer in question will probably remain in prison for around 20 years, but considering that this is a year-old case, do you know the results of the additional lawsuits?
Unfortunately, I couldn’t find any updates on this case. The last report I saw was only about his capture and the charges that were going to be filed against him. 
His scheme wasn’t too flashy - he promised a modest 4.5% monthly return, which seemed reasonable enough for people to think it was legit.
I'm quite disappointed to see many of our wealthy countrymen who are probably educated individuals still believe in these kinds of scams [especially when the person managing it is quite young (23 only)]!Now, the suspect is facing charges of estafa, and there are additional lawsuits for evading capture.
According to "this source", the scammer in question will probably remain in prison for around 20 years, but considering that this is a year-old case, do you know the results of the additional lawsuits?
The so-called "cryptocurrency king" has been arrested for scamming a total of ₱100 million from various victims. His scheme wasn’t too flashy - he promised a modest 4.5% monthly return, which seemed reasonable enough for people to think it was legit. At first, he paid out as expected, but eventually, things went south when payouts stopped coming, classic scam behavior.
One unfortunate victim lost a whopping ₱50 million. Even after that, when they reached out to the scammer, they were asked for an additional ₱826,000 as a "processing fee," thinking they might finally get their money back. Little did they know, they were being scammed again, adding insult to injury.
Now, the suspect is facing charges of estafa, and there are additional lawsuits for evading capture. So far, 10 victims have officially come forward to file complaints.
Source (you can also see the actual report in video).
https://www.gmanetwork.com/news/topstories/metro/882210/crypto-scammers-nabbed-after-allegedly-stealing-p100m-from-victims/story/
One unfortunate victim lost a whopping ₱50 million. Even after that, when they reached out to the scammer, they were asked for an additional ₱826,000 as a "processing fee," thinking they might finally get their money back. Little did they know, they were being scammed again, adding insult to injury.
Now, the suspect is facing charges of estafa, and there are additional lawsuits for evading capture. So far, 10 victims have officially come forward to file complaints.
Source (you can also see the actual report in video).
https://www.gmanetwork.com/news/topstories/metro/882210/crypto-scammers-nabbed-after-allegedly-stealing-p100m-from-victims/story/
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