Police: Suspects in 'online investment scam' identified

The Cebu City Police Office (CCPO), in coordination with the Police Regional Office 7 (PRO-7), successfully identified the individuals behind the viral alleged fraudulent investment website.

- Mitchelle L. Palaubsanon, Avie Villa/JG

The city police force said, in a statement, that formal charges are set to be filed against the suspects, following an intensive investigation and sustained intelligence operations.

The CCPO and PRO-7 have launched a decisive crackdown against a fraudulent investment website that recently gained online traction through viral social media videos.

Earlier, the Cebu City Government's Business Permit and Licensing Office issued a show cause order against the operators of the alleged illicit website, giving them 72 hours to respond and address multiple regulatory violations.

PRO-7 Director Redrico A. Maranan emphasized the commitment of law enforcement to uphold justice and safeguard the public from fraudulent schemes.

"We will ensure that these scammers are held accountable. The protection of our citizens and the integrity of public trust remain our top priorities," he said.

Acting CCPO Director Enrico Figueroa reiterated his appeal to the victims to come forward and help the police in the investigation.

"Your cooperation is vital in our pursuit of justice. If you've been affected by this scheme, we encourage you to report your experience," he said.

Meanwhile, the Department of Labor and Employment in Central Visayas (DOLE-7) headed by Atty. Roy L. Buenafe has assigned a Quick Response Team (QRT) from its Tri-City Field Office to investigate and assess a developing labor-related situation in the area.

DOLE-7 Information Officer Roberto Cabardo said that the building administration, security personnel, and some law enforcement officers are currently cooperating in the investigation.