Mr. Arnel Ordonio, the alleged mastermind of the Php 900 million Bitcoin investment scam is asking for release. In an exclusive letter acquired by Rappler, Mr. Ordonio says that he can’t return the invested money if he’s just stuck in jail.
Nabbed by the Philippine National Police Criminal Investigation and Detection Group (PNP-CIDG) on April 4, 2018 in Vigan, Mr. Arnel Ordonio together with his wife Ms. Leonardy Ordonio was presented by PNP Chief Director General Mr. Ronald dela Rosa on April 10, 2018. During the announcement, the police share how the two were able to amass Php 900 million from 50 investors. It was revealed that they front their scheme with a company called “NewG” and operates like a pyramiding scheme with the use of virtual currency.
Being detained in jail, Mr. Ordonio was able to write a letter and Rappler was able to obtain it exclusively. The letter shows an apologetic Mr. Ordonio to his friends, investors, and relatives. He then stated that he could not give back the money they invested if he’s stuck there. He also asked for one last chance to grow the money he still has and also shared that running away never crossed his mind.
The letter also indicated that he is thankful for all visits he’s getting and doesn’t wish the same fate to them. He closes the letter by saying that he wishes to see “Allen” who he considers like his real brother, to bring him lots of comics, and to hold on a little longer.
Mr. and Mrs. Ordonio are currently imprisoned in the CIDG detention facility in Camp Crame.
Gino is the Lead Staff and Lead Writer in BitPinas • Spreading the word about blockchain and cryptocurrencies in the simplest terms and leaving jargons behind. • Has a vision of speaking about blockchain and cryptocurrencies without the need of explaining it in the near future. • Not your typical tech geek, but Gino believes that blockchain and its cryptocurrencies will reshape the country and the world. • Proud Pinoy. • Telegram: @Giinoo • Twitter: @itchymonkey_