Quezon City Police District (QCPD) personnel on Wednesday arrested the founder of One Dream Global, an alleged company that started the fake investment scheme.
The suspect was identified as Arnel Gacer, with a warrant of arrest for the syndicated estafa case. Aside from Gacer, his two bodyguards were also arrested.
In 2015, Gacer was charged with syndicated estafa after his 14 investors from Lipa City complained.
Gacera allegedly promised them that their P888 investment would be P1,444 in just 4 days.
He later reportedly fooled more than 3,000 investors but closed the business due to a robbery case.
According to National Capital Region Police Office (NCRPO) director Brig. Gen. Vicente Danao, it is estimated that Gacer stole up to P3 billion from the victims.
“This is a pyramiding scheme… Nag-invest ka P800,000 ang balik niya ay P1.4 million. Just imagine in a matter of one week, mababalik ang pera mo, more than half so just imagine gaano kalaki yan,” said Danao.
Since 2015, the One Dream Global founder has been hiding and the police got a tip that Gacer was seen in Quezon City.
According to Gacer, he will only explain in court but he said that his business went bankrupt because Lipa LGU closed his business.
Also read: Rigen Marketing exec arrested over alleged pyramiding scam in Davao
‘Estafa Queen’ of Cebu arrested in Lapu-Lapu City
Cebu’s so-called “estafa queen” Leonora Cantero, who was wanted in various cases of fraud throughout the province and even in Luzon, was arrested in Lapu-Lapu City on Wednesday.
According to police, Cantero was arrested under a warrant of arrest from a Las Piñas court due to a large scale illegal recruitment case.
“The notorious estafa queen, who has a pending warrant of arrest for large scale illegal recruitment, has been freely wandering around the Cebu province looking for potential victims, particularly businessmen,” the police report said.
The suspect was not immediately identified because she changed her name to “Leigh Abad.”
Apart from large scale illegal recruitment, the suspect has 7 counts of estafa pending from various courts.
The suspect is currently detained in Cebu City.