8 foreigners arrested for stocks scam in Pasig City 4 SHARES Share it! Share TweetBy Aaron RecuencoPolice arrested eight foreigners, including British and American citizens, for their alleged involvement in duping retired workers and pensioners into investing on fraudulent stocks on Wednesday. The official said the operation at around 8:30 a.m. yesterday in Ortigas business district in Pasig City was an offshoot of the operation they conducted in Alabang, Muntinlupa three months ago where they arrested three people. “We got good leads during the Alabang operation and those leads led us here in Pasig City,” said Eleazar. The Israeli-led online syndicates raided in Pasig City was earning $1 million a day and victimized Australians, Americans, Canadians, some Europeans and Africans.

Source: Manila Bulletin November 29, 2018 07:30 UTC