September 19, 2021

CIDG-7 warns public of investment scams during pandemic

Police Colonel Ireneo Dalogdog, chief of CIDG-7

CEBU CITY, Philippines — The Criminal Investigation and Detection Group in Central Visayas is warning the public of investment scams and fraud that has victimized at least a hundred investors in the region during the pandemic.

Police Colonel Ireneo Dalogdog, regional chief of CIDG-7, said this following their recent apprehension and surrender of alleged scammers,  who scammed millions of pesos from several victims, last August.

Dalogdog was first referring to their August 29 operation, wherein they nabbed a certain Nino Jedeiah Ramos, who was allegedly the man behind the multi-million investment scam, Forex Trading Business, which is based in Tagbilaran City.

Accordingly, Dalogdog said that this investment business of Ramos started last 2019, wherein he offers 20 percent interest to all his investors.

Among Ramos’ investors are…

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