Philippine National Police intensifies crackdown on investment scams

Philippine National Police (PNP) Chief General Jose Melencio Nartatez Jr. has announced intensified efforts to protect the public from fraudulent investment schemes. This directive follows the arrest of a businesswoman in Pasay City, who is accused of defrauding over 100 investors of P160 million through a purported food business offering guaranteed monthly returns.

Nartatez warned citizens to remain vigilant against investment offers promoted by social media personalities, noting that online popularity does not guarantee legitimacy. The PNP is also increasing intelligence-gathering and community patrols to combat opportunistic crimes, such as theft and robbery, which may be driven by economic pressures and the weakening value of the Philippine peso against the US dollar.