ILOILO City – The National Bureau of Investigation (NBI) and Criminal Investigation and Detection Group (CIDG) are monitoring groups engaged in “double-your-money” investment schemes.
In a press conference yesterday, Atty. Arnold Diaz of NBI-6 said four groups are being looked into following complaints the bureau received.
These are Roxas City-based groups Chiyuto Creative Wealth Documentation Facilitation Services under Patrocenio Calvez Chiyuto; 25-Day Double Your Money Investment Scheme under Jonalyn Gregorio; the group of a certain Franz Keith Villanueva; and RGS World Marketing Corp. based in Bacolod City.
Diaz said they received 35 complaints against Chiyuto, 40 against Gregorio, 59 against Villanueva, and 40 against RGS World Marketing Corp.
Charges will be filed as soon as the needed documents and evidences are completed, in close coordination with the Securities and Exchange Commission (SEC).
“The complaints are all under investigation. We are gathering affidavits to file charges against these groups. We are also waiting for documents from the SEC to certify if they are registered or not,” Diaz said.
He said there were complainants from Iloilo but most were from Roxas City and Capiz.
The group of Gregorio is reportedly the down line of Chiyuto and the group of Villanueva is Gregorio’s.
The groups have similar promises to prospective investors: the money you invest will be doubled in 25 days or in one month.
But hundreds of their investors allegedly haven’t received payouts since December.
In Aug. 18, 2020, the SEC issued an advisory informing the public that Chiyuto’s group was not registered with the agency.
Meanwhile, CIDG-6 chief, Police Lieutenant Colonel Gervacio Balmaceda Jr., is calling those who have invested in double-your-money schemes to immediately report to their office.
The SEC through Jolalyn Tingson also warned the public to check the legitimacy of the business being offered, especially when it involves huge sums of money.
Tingson said the public should always bank on the legal documents, and verify first with SEC.
“Not all that glitters are gold. As much as possible, we encourage everybody to visit the SEC and check,” she added./PN
