A top executive of Rigen Marketing, a company allegedly involved in pyramiding and stealing P8 billion from its victims in Davao, was arrested.
In a report by John Consulta on GMA News TV “Balitanghali” on Thursday, the suspect was identified as Kharl Dexter Auditor, who was arrested by NBI-Laguna District Office personnel at his house in Laguna under a warrant of arrest.
Auditor’s company is said to have victimized thousands of investors in Davao and other neighboring provinces.
“We have deployed our teams to arrest personalities like Kharl Dexter Auditor, persons behind the Rigen marketing financial scam, allegedly who have amassed almost P8 billion,” said Eric Distor, director of NBI.
The NBI said that Rigen marketing promises up to 400% profit to their investors so the number of investors in Tagum, General Santos, Davao del Sur, and Davao Occidental has increased rapidly.
“Ang verification na ginawa namin, na-locate namin na nasa San Pablo siya at meron siyang tindahan doon… Marami ang mga naging biktima nito sa Davao,” said Atty. Danilo Daganzo, chief, NBI Laguna District Office.
“Ang sabi pa nga niya sa akin mga P500 million ang involved na nakuha ng grupo. Hindi raw niya alam kung nasaan ang pera,” the official added.
Rigen Marketing exec arrested over alleged pyramiding scam in Davao
It was March 2020 when the NBI Special Task Force in Parañaque arrested the founder of Rigen Marketing Rico John Garcia, who was brought to Tagum City in Davao to face the syndicated estafa case.
Garcia allegedly stole up to P2 billion from the P8 billion that the group got from the victims.
Auditor refused to give a statement regarding the alleged pyramid scam.
In an advisory released by the Securities and Exchange Commision on June 2019, Rigen Marketing is not registered either as a corporation or partnership.
The advisory defines the activities behind the scheme and advises the public not to invest or stop investing in any investment scheme offered by the said company.
Furthermore, SEC ordered the company and its officers or representatives to cease and desist from further engaging in activities of selling or offering sales of securities and investment contracts until the required registration is duly filled and approved by the Commission.