Mandaluyong City Investment Scam

By | August 12, 2015


An alleged investment company failed to gave back the money it

owes to its investors.


The Investment company said that it is a legitimate business and

it is registered in the Securities and exchange commission (SEC).


The Company said that its office was robbed which was the reason

it failed to gave back the money of its investors.


The Investors complained of the company’s investment scam which

deprived them of their hard earned money.


A Substantial number of investment scam victims went to the

Police Station demanding the arrest of the owner of the Investment

Scam company known as 7711 R2AM International Company Road To

Success Resources Marketing.


The Investment Scam company’s modus operandi is to convince an

investor to hand their money which will earn a 20% interest

weekly. Aside from the interest, the investor will be given

1 kilo of rice, soap and other products.


The SEC said that the it was June 2015 when the alleged

investment scam company registered its business. The registered

business is a trading business and not an investment company.


The SEC said that the Investment Scam company is allowed to

sell goods and products but not allowed to engage in investment

business activities.


Atty.Lalaine Monserate, Asst.Director of the Investigation and

Prosecution Division of SEC said that the Investment Scam was

blatantly illegal and no company in the Philippines could

possibly give a very high interest.


466 Investment Scam victims wanted to recover their money worth

P50 million from the offending company and they filed a case

of syndicated estafa before the office of the prosecutor.


Elements of The Crime of Estafa in General: 1. That the accused defrauded another a. by abuse of confidence or b. by means of deceit and 2. That damage or prejudice capable of pecuniary estimation is caused to the offended party or third person.


The SEC warned that do not be deceived by the promise of a very

high interest on money invested with a very short period of time.

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