Thirteen individuals admitted their role in a Mandaluyong crypto scam, accepted a lesser cybercrime charge, and now await probation after a court-imposed prison sentence.
According to the NBI, the group targeted victims by soliciting cryptocurrency investments through a fraudulent website designed to mimic legitimate platforms.
The Bangko Sentral ng Pilipinas signs information-sharing agreements with the NBI, CICC, and SEC to strengthen investigations and enforce the Anti-Financial Account Scamming Act.
The scam involved utilizing deceptive online platforms and tactics to lure victims into investing in fraudulent cryptocurrency schemes.
In the scheme, the criminal’s victims invest a certain amount of money which would then be used for trading cryptocurrencies.
The 3 suspects pretended to be Gcash, Grab, Lalamove, or Mr. Speedy employees. They convinced their victims that their accounts were compromised and offered to help them in fixing their accounts.
