8 Israelis arrested in Philippines for multi-million dollar online scam

Philippine Police Raid Binary Options Boiler Room – VIDEO


Philippine National Police Chief Director General Oscar Albayalde said on Friday all 474 Filipinos arrested in Pampanga for suspected cybercrime have been released from detention, but they are not yet off the hook.

The PNP Chief said all Filipino employees of the call center allegedly involved in fraudulent online financial transactions were all released, but are still subjects for investigation. Meanwhile, the eight Israeli nationals are still detained and were charged with syndicated estafa with no bail recommended.

“Lahat ng Israelis were all detained with no bail. And all others, lahat ng Filipinos, yung mga employees were all released for further investigation,” he said.

The PNP Anti-Cybercrime Group on Wednesday targeted a company allegedly posing as a business process outsourcing firm in Berthaphil Business Park at the Clark Special Economic Zone.

Police on Thursday presented eight Israeli nationals supposedly operating the business. They said the company was engaged in fraudulent financial transactions worth around $1 million (around P52 million) daily. They said the money is transferred to different international accounts including those in the Czech Republic, Romania, and Germany.

They said they discovered the operations after Australian nationals reported they were scammed for up to A$500,000 (around P20 million).

Authorities said the company failed to present legal documents when a search warrant was served for estafa.

Watch the video below to see the raid live in action.

 

Gerg Cahiles, CNN Philippines

Original Article CNN Philippines Can be found here:

 

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