Even one of the female victims was convinced that once Ordonio was released, he could return the money she had invested. The AOCU set up the entrapment operation for the meeting where the victim promised to give the couple P50,000. He said the couple was simply involved in a pyramiding scam that used Bitcoin as a lure. Syndicated estafaThe Ordonio couple was charged with estafa/swindling and syndicated estafa in the Department of Justice. “If you encounter a scheme that is too good to be true—offering a huge interest rate—that’s a scam.

Source: Philippine Daily Inquirer April 10, 2018 23:26 UTC