K-Pop Concert Scammer Arrested in Manila

On November 3rd, the Philippines’ Quezon City Police District’s Criminal Investigation and Detection Unit arrested a woman for allegedly participating in a deceptive investment scheme.

Per the police report, the woman convinced a Police Lieutenant and a businessman to invest in her events and production company, known for bringing numerous K-pop stars, Thai artists, and Filipino artists to the stage. She enticed them with the prospect of significant returns from concerts and events in the capital of the Philippines, leading them to invest an estimated $900,000. The event promoter has reportedly embezzled a total of 5 million dollars.

The woman issued post-dated checks, guaranteeing the victims a 50 percent return on their investment and a guaranteed interest. However, the checks bounced, and the victims demanded their money back.

On November 2nd, the Criminal Investigation and Detection Unit set up a sting operation at a restaurant in Metro Manila, Quezon City. They arrested the woman and recovered $35 in cash and a bank check.

The police have stated that the suspect will face charges of swindle, robbery, and violation of the Anti-Bouncing Check Law.

Source (1)

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