Report said hundreds of OFWs mostly in Taiwan and Middle East have been victimized by the Emgoldex / Global Intergold Scam as early as 2013.
Although the company said its name was used by scammers, victims/members who were able to log-in in the emgoldex.com site believes the main company is also involved.
The Philippine National Police (PNP) in a statement said it has filed syndicated estafa charges against seven individuals allegedly involved in the EmGoldex scam.
Charged before the Quezon City Prosecutors Office and Manila Prosecutors Office were Kevin del Mundo Miranda, Mr. Ryan Manuit, Mr. Charles Juiz Padilla, Mr. Raahbel Ymas, Mr. John Rafael Calicdan, Mr. Jose Victorio Cajita, and Mr. Paul Alviar — for violation of PD 1689 in relation to Art. 315 of the Revised Penal Code, also known as Syndicated Estafa.
The two separate cases were filed last Thursday and Friday, Nov. 26 and 27, before the Quezon City Prosecutors Office and Manila Prosecutors Office.
Initial investigation reports estimate that the EmGoldex investment scam has collected at least hundreds of millions of pesos mostly from young working Filipinos and OFWs, the PNP statement said, “Mastermind Kevin Miranda was also reported to have traveled abroad extensively and has been driving around Manila in a multimillion Ferrari sportscar, among other luxurious vehicles.”
The investment scam, said the PNP, was done mostly online thru Facebook and other social media websites.
Crimes committed in cyberspace and through the use of information and communication technologies are imposed the higher penalties as mandated by the Cyber Crime Prevention Act of 2012, the statement noted.
Syndicated Estafa, a non-bailable offense, is punishable, upon conviction, with life imprisonment.
The complainants were PO3 Lenin T. Guinit, who filed his complaint in Quezon City, and PO2 Josegelio F. Dayrit III, who filed his complaint in Manila.
Messrs. Guinit and Dayrit related to the Special Investigation Task Group (SITG) how they were victimized by EmGoldex/Global InterGold (GIG) and Prosperous Infinite Philippines Holdings, Corp. (PIPHC).
“Thereafter, both executed their statements accusing above suspects of duping and defrauding them of their hard-earned money by way of illegal offering of securities and online solicitation of investments,” the PNP statement said.
GIG was the entity created by the accused after the Securities and Exchange Commission (SEC) had issued advisories against EmGoldex. Most of the accused were incorporators of PIPHC, which was registered with the SEC in August to assist GIG investors who were unable to recover their investments. Both EmGoldex and GIG are not registered corporations, the SEC said.
“More victims have come out and gone to the authorities to file cases against the masterminds,” the PNP said. “The NBI is also expected to file more cases against this investment scam.”
/Abby Galvez/ Assisted Press
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