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00:04 Not just one or two people, but more than a hundred were victims of the first investment scam seen in Baguio City.
00:11 The victims were hoping to get their money back.
00:15 That's why they went to the NBI Cordillera Administrative Region.
00:19 They were with a cancer patient who lost a million pesos in the investment scheme.
00:25 He was using the money he earned to treat his patients.
00:29 But it was slowly delayed until the money was gone.
00:34 This is how other people who complained were affected.
00:38 They said they signed a contract, but the investment was like a loan with a 5% interest rate every month.
00:45 NBI Cara Ponsiski explained that it was called to modest operandinas who are eager to earn quickly.
00:52 The Securities and Exchange Commission has a cease and desist order against the group since March.
00:58 But the operation is still going on.
01:00 The company only sells cosmetics and not the investment securities.
01:06 Six people who are leading the company in the scam are accused in the Securities Act and Syndicated Stafa.
01:12 The group sent a message that the so-called investment scheme is running.
01:17 They also explained that they want to know who or where the money really went.
01:23 The group will face an accusation if the time is right.
01:27 Be vigilant to those who are investing so you won't be a victim.
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