EDGEDAVAO
GILAS PLAYS 2 MATCHES WITH ADELAIDE 36ERS
Serving a seamless society
SPORTS P11
THEY’RE BACK f
VOL.12 ISSUE 117 • WEDNESDAY, AUGUST 21, 2019
@EdgeDavao
www.edgedavao.net
edgedavao@gmail.com
P 15.00 • 16 PAGES
Some investment scam operators doing business discreetly: DCASU By MAYA M. PADILLO
T
he old scam is back in town and it's gone digital. In this re-tooled investment scam, pay-in and pay-out transactions are done mobile according to Davao City Anti-Scam Unit (DCASU) Head Simplicio Sagarino who disclosed to Edge Davao that this new mode of transactions was introduced by the ‘old’ investment scheme companies that were shut down along with new companies that have sprung up. Unlike the old system that was widely advertised, Sagarino said agents and investors now discreetly do transactions through mobile phones. “Example naa kay number nako, I will text you na kung gusto nimo mag- payin, magkita ta. Nagakita sila sa usa ka lugar. Ang uban nagpay-payin sa sakyanan. Wala sila’y of�ice para dili sila ma-locate. Parang guerilla type para dili sila ma-monitor. Mao na ilang ginahimo karon,” Sagarino said. In June this year, President Duterte has ordered the Philippine National Police (PNP) and the National Bureau of Investigation (NBI) to shut down investment scams like Kapa-Community Ministry International,
operating mainly in Southern Mindanao. After Duterte’s pronouncement, the Securities and Exchange Commission ran after �ive more groups allegedly running illegal investment schemes and swooped on the of�ices of other “investment scams” operating in the Visayas and Mindanao. A total of 24 search warrants were served to Rigen Marketing, Organico Agribusiness Ventures Corp., Ada Farm Agriventures, Ever Arm Any Marketing, and Alabel-Maasim Credit Cooperative.
TANYA RABAT-TAN ON SUSTAINABLE TOURISM INDULGE A1
THEY’RE, P9
AWESOME AT PAWSOME INDULGE A2
PNX PETROLEUM SINGAPORE IS AMONG ‘FAST MOVING COMPANIES’, SOLE WINNER FROM PH
COMPETITIVE EDGE P5