Alleged mastermind behind P1.6-billion investment scam, nabbed in Angeles City
The Philippine National Police’s Criminal investigation and Detection Group Anti-Transnational Crime Unit (CIDG-ATCU) arrested the alleged brains behind the P1.6-billion investment scam that gypped over 16,000 people, including many overseas Filipino workers.
Nabbed was 26-year-old Darlito De la Cruz, owner of Hyper Program International Direct Sales and Trading Corporation. CIDG-ATCU agents arrested De la Cruz at his residence in Henson Ville, Amic, Angeles City in Pampanga around 1 a.m. on Sunday, November 12.
As mentioned in Journal Online, the suspect was apprehended on the strength of a warrant of arrest for syndicated estafa and estafa issued by Quezon City Regional Trial Court Branch 215 Judge Rafael Hipolito.
De la Cruz’s company started operations in March 2014. Clients were recruited through the social media and were enticed to invest in the company promising up to 35% return of investment in just 45 days.
The company failed to deliver its promise; prompting the victims to file complaints before the National Bureau of Investigations against De la Cruz and other company officials.