INVESTMENT SCAM RECRUITERS. Police operatives arrest four suspected recruiters of an investment group that operates in Agusan del Sur and Butuan City on Tuesday (June 1, 2021). The entrapment operation was conducted inside a fast-food chain in Bayugan City. (Photo courtesy of PRO-13 Information Office)
BUTUAN CITY – Some four suspected recruiters of an investment group that operates in Agusan del Sur and Butuan City were arrested in an entrapment operation on June 2, the Police Regional Office (PRO) 13 (Caraga) reported.
PRO-13 Director, Brig. Gen. Romeo M. Caramat Jr., in a statement on June 2, identified the suspects as Angelyn Sag-od Cano, 27; Edward Cruz Salin, 42; Danica Tizado, 25; and Roy Bomotano Celis, 23, all of the Red Dragon Investment Scheme.
They were arrested in an entrapment operation conducted inside a fast-food chain in Bayugan City, Agusan del Sur.
“The operation was launched after several complaints were lodged against the group at the Bayugan City Police Station,” Caramat said.
Three suspects are residents of Butuan City while Cano is from Barangay San Juan, Bayugan City.
Another member of the group identified as Edwin Sag-od Saguyong remains at large.
“Based on the testimonies of the victims, the group operates through phone calls and meet-ups and promise their clients or victims with 30 percent increase on their allotted investments,” Caramat said.
Confiscated from the suspects were 10 pieces of PHP1,000 bills used as marked money, a Toyota Rush vehicle with plate number GAU 6181, six cellular phones, four bundles of fake money used in the operation, and PHP52,207 cash in different denominations.
The four suspects will be facing syndicated estafa charges under Articles 315 and 316 of the Revised Penal Code.
Caramat said the arrest was a strong warning to those engaged in illegal easy-money-schemes in this region, saying that PRO-13 will implement the full force of the law to stop them.
He also advised the public not to invest in any investment scheme offered by Red Dragon or other fraudulent groups promising them easy and high profits.
"People who are involved in this kind of fraud are imaginative. They sound convincing and say the right thing to make you believe it's perfectly legal when it isn't," Caramat said. (PNA)
