19 fall in illegal crypto scheme; PNP warns vs fishy investments

MANILA, Philippines --- The Philippine National Police (PNP) has arrested 19 people allegedly involved in an illegal cryptocurrency scheme andwarned Filipinos against dubious investments. The PNP's Public Information Office (PNP-PIO) said Tuesday their Cyber Response Unit along with composite teams from the Quezon City Police District and Security and Exchange Commission (SEC) conducted an operation last June 11 to entrap the suspects in a hotel in Cubao, Quezon City. The police did not give details about how much money was siphoned from the victims or what cryptocurrency platform was used, but PNP officer-in-charge Lt. Gen. Vicente Danao said it would be best if people would b...

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