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Bacolod City, Philippines Friday, February 23, 2018
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NBI probes investment
scam complaint

A retired medical practitioner from the United States filed a complaint before the National Bureau of Investigation in Bacolod City yesterday against a cooperative allegedly engaged in a large scale investment scam.

Dr. Florabelle Josue filed the complaint before NBI Bacolod head Renoir Baldovino, her lawyer Alexander Mirano said yesterday.

Baldovino said he has assigned agents to investigate the complaints against the cooperative according to the complainant who is based in Sagay, Negros Occidental.

The NBI will also meet with Josue to get more details on her complaint and will subpoena the persons she named as involved in the investment scam.

The DAILY STAR is withholding the name of the cooperative and its officials pending investigation of the complaint.

Josue, in her letter to Baldovino, said she invested her lifetime savings amounting to P3 million as a time deposit in the cooperative.

At first, she was given monthly interest on her investment but as time went by, no further payments were made, Josue said.

“Myself, and many other similarly situated were lured and induced by the officers of said cooperative to invest our hard earned money,” she said.

Despite the maturity of her time deposits and her repeated demands, she said the deposits and interest due her have not been paid.

In support of her complaint, she attached copies of her time deposit certificates, and copies of her demand letters.

Josue said she was enticed to invest in the cooperative by the manager and the president of the cooperative.*CPG



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