‘NO ARREST IF YOU RETURN THE MONEY’: CEOs told to reimburse investors before March 31

By Felipe V Celino 

 

ROXAS CITY, Capiz – The Chief Executive Officers (CEOs) of the investment schemes operating in the province of Capiz were told to return the money of investors before March 31, 2021.

This was the outcome of the committee hearing conducted by the Sangguniang Panlalawigan (SP) of Capiz on Wednesday regarding the alleged “double your money investment schemes” which turned out to be as “scams” after the CEOs failed to pay their investors on the promised dates.

Board Member Jonathan Sonny Besa said the CEOs can opt to return only the capital of the investors as most of them either invested their savings, borrowed money, or sold/pawned their properties just to come up with the investments.

Besa assured that the police or the National Bureau of Investigation (NBI) will not arrest the CEOs if they decide to return the money.

But if the CEOs fail to return the money by month’s end, then the investors will have to file cases against them.

The hearing held at the session hall was attended by officials of the NBI, Securities and Exchanges Commission (SEC), Integrated Bar of the Philippines (IBP), Bangko Sentral ng Pilipinas (BSP), Department of Trade of Industry (DTI), Capiz Bankers Association and the Capiz Chamber of Commerce.

Board Member Eleuper “Bulilit” Martinez presided over the hearing.

But not one of the CEOs or even their representatives or uplines attended the hearings.

The committee summoned Patrocenio Chiyuto of the Chiyuto Creative Wealth Facilitation, Junelyn Obamos Gregorio of the 25-Day Double Your Money Investment, and Roger Salarda of RGS Online Marketing.

Gregorio was recently arrested by the NBI in an entrapment operation while Chiyuto and Salarda are nowhere to be found.

Meanwhile, bankers and concerned government agencies assured that the proliferation of investment schemes/scams here have no effect on the local economy.