News The African Way

Philippine Police Arrest Nearly 500 People Involved in Online Fraud

Get real time updates directly on you device, subscribe now.

Map of Philippines

Philippine police arrested on Thursday almost 500 people, including some foreigners, allegedly involved in an online multi-million investment fraud that had victimised people overseas, including in Australia, Russia and South Africa.

Police officer Marni Marcos said the suspects were operating under the guise of a call centre in Clark Freeport in Pampanga province, north of Manila, but actually defrauding victims for around two and a half years.

“Their modus operandi is like a stock trading scam, meaning they invite investors through online. So again after that they will get details of your bank accounts, credit cards,’’ Marcos said.

Marcos said it was one of the biggest anti-cybercrime bursts in recent years.

Philippine Njational Police Director General Oscar Albayalde said the Filipino suspects were caught while in the “act of communicating and doing online transactions with foreign ‘clients’ from Europe, New Zealand, Australia, South Africa and Russia.”

The raid was conducted following complaints of Australian victims and a South African victim.

Police seized “several pieces of digital evidence used in the commission of cybercrime, mostly computers, identifications cards, and assorted documentary evidence” found in the suspects’ offices called the International Brandings Development Marketing, Inc.

Police are expected to file criminal charges against the suspects after an assessment of the case.

 

South Africa Eyes Non-Permanent Member Seat Of UN Security Council

See also  Gas Marketers Promote Cooking Gas Usage In Nigeria For Safer Environment

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

SAcoronavirus.co.za

For more information on COVID-19 and government regulation: Click here

Emergency Hotline: 0800 029 999 WhatsApp Support Line: 0600-123456