If someone claiming to be a caretaker of former President Ferdinand Marcos’s wealth offers you a share of the pie in exchange for an initial investment, it is probably a scam.
This was a lesson that at least 80 victims of an investment scam learned the hard way, when they allegedly paid P2,000 each to Felicisima Faltado Cantos of Parañaque City and Emmanuel Destura of Quezon City.
According to a statement from the National Bureau of Investigation, the two claimed to be caretakers of Marcos wealth and “talked (victims) into investing in their company called Bullion Buyers Limited with office address in China, if they wanted to avail, claim, or share the said wealth of Marcos,” the NBI said.
The suspects allegedly claimed that an investment of P2,000 would yield “from P5 million to $5 million” within 30 days.
“Further, suspects persuaded them to recruit more members nationwide so that accordingly, by numbers, they have their strength as claimants of the Marcos’s wealth and could have more share in the company,” the NBI also said.
Charges of Syndicated Estafa (swindling) have been submitted for preliminary investigation in Tarlac and Pangasinan provinces, where most of the victims are from.
The Presidential Commission on Good Government, the government agency actually tasked with recovering Marcos’s ill-gotten wealth since 1986, recovered around P70 billion in assets in 2012.
