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Filipino Couple Involved in Bitcoin Scam Amassed P900m ($17.3m) From Victims

The amount could even go higher once the other victims surface.

The Filipino couple behind the alleged Bitcoin investment scam was said to have amassed Php 900 million ($17.3 million) from their victims. The figures were revealed by the Philippine National Police (PNP) in a press conference held at Camp Crame.

But according to PNP Chief Director General Ronald “Bato” Dela Rosa, the couple – who heads the company called “NewG” – could have possibly acquired even more money. This is due to the fact that other victims have yet to surface.

Arnel and Leonady Ordonio are the Filipino couple involved in the infamous Bitcoin scam.

Source: Bianca Dava

Dela Rosa, while presenting the suspects, said:

Baka aakyat pa yan. So far ‘yan pa lang ang nadidiskubre. Pero pag darating pa ‘yung mga additional complainants baka aakyat pa yan.

(It could be higher. So far, that’s the amount discovered. Once other complainants surface, it could be higher.)

The head of the Criminal Investigation and Detection Group, Chief Supt. Roel Obusan, revealed that the Php 900 million ($17.3 million) figure is based on “raw capital.” This basically refers to the amount of money, as claimed by the victims, invested in the company in question.

Obusan described the suspects’ scheme as something that involves asking of capital from the victims based on the “upline-downline multi-level marketing (aka MLM). The suspects would then promise a return of investments after 16 days and the interest would be at least 30 percent.

Dela Rosa said that the amount could possibly go higher once the other victims surface.

Source: Bianca Dava

Obusan said:

Kung may P1 million ka, in 16 days meron kang P300,000. Sa una, ibibigay niya muna. First at saka second. After that, mawawala na siya.

[If you have Php 1 million ($19,300), in 16 days you would have Php 300,000 ($5,790). At first, they would give it to you. First and second. But after that, it would be gone].

The Chief Supt. deems it as “a simple case of estafa and pyramiding.” Apparently, the company NewG was only registered as a computer shop, not as an investment company that its victims initially believed.

One of the victims who, together with her relatives and friends, had invested a total of Php 29 million ($559,700) took the podium and shared her experience.

The victims were present during the press conference held at Camp Crame in the Philippines.

Source: Bianca Dava

She said that a few months after she invested, she learned (via Facebook posts) that the couple was already having trouble paying their investors. They initially promised to pay in a certain month, but this never happened.

The victim also revealed that they were able to talk to Arnel and Leonady via Facebook Messenger. They both promised to pay Php 3 million ($57,900) every 5 days just to return the invested capital. Unfortunately, it did not happen. And ever since then, the couple began dodging her messages.

The couple used the cryptocurrency as a front to fool their victims.

Obusan said that they are still looking for other key players who are called “uplines.” He added that although they are also investors, they still pool money from other people, which still falls under pyramiding scam.

164 Comments

  1. Eenad IceRow

    April 11, 2018 at 4:46 AM

    paulit ulit na lang yang multi level marketing na yan wala pa rin natututo.

  2. ג'ונס הרננדז

    April 11, 2018 at 4:04 AM

    kow

  3. Myrwin Xyra Apin

    April 11, 2018 at 4:01 AM

    Louella Pardilla Mhay Claveria Ate oh. Haha

  4. Maitum Na Lalaki

    April 11, 2018 at 3:56 AM

    vakit pag nahuhuli ang may sala
    ang mukha nila malungkot lahat. ..
    di ba dapat proud sila sa gunawa nilang kalokohan

  5. Mary Grace Rodriguez Llantino

    April 11, 2018 at 3:54 AM

    RObs Gurango

  6. Jesson Boncales

    April 11, 2018 at 3:40 AM

    Michael, Jiji..

  7. Li Lyn Matutina

    April 11, 2018 at 3:40 AM

    Chrissy

  8. Paul Ravello

    April 11, 2018 at 3:39 AM

    Frescy Ravello

  9. SitiAisha HyRhose Walter

    April 11, 2018 at 3:29 AM

    That’s why I couldn’t Trust this kind of work?

  10. Ghee Enriquez

    April 11, 2018 at 3:29 AM

    Gerryboy Sarmiento Ramos Jr.

  11. Jin Jing

    April 11, 2018 at 3:26 AM

    freeze all their wealthy

  12. Vibheyka Dungca Galang

    April 11, 2018 at 3:25 AM

    James Michael Delos Santos

  13. Lynn Corcha Sagsago

    April 11, 2018 at 3:25 AM

    Kaya nga di ako naniniwala sa Bitcoin na yan,kahit pa iniengganyo akong sumali…

  14. Kim Serin

    April 11, 2018 at 3:24 AM

    Greedy at katangahan ang nabibiktima ng scam na to!

  15. Jin Jing

    April 11, 2018 at 3:23 AM

    i have money i will invest in short bonds not even stocks dahil stocks no assurance all of these are gumble

  16. Ariel Delavega

    April 11, 2018 at 3:22 AM

    Sa ngalan ng pera maraming naging tanga pera na naging bato pa may pera nman pala bat di gamitin kapital sa negosyo kc gusto onetime bigtime agad

    • Ariel Delavega

      April 11, 2018 at 3:47 AM

      ang mahirap kasi yung iba pinangutang pa yung pinang invest lol Nakalimutan ata nila yung number 1 rules sa pag iinvest eh. “Invest what you can afford to lose”

  17. Victoria Lynn Amaba

    April 11, 2018 at 3:08 AM

    Ian Zambrano

  18. Cherries Anne Luna

    April 11, 2018 at 3:02 AM

    Joepol Cadion

  19. Jowell Asugas

    April 11, 2018 at 3:00 AM

    saan galing yung pera nila na inimvest sa couple? milyon kasi ang pinag-uusapan dito. yung iba kasi ayaw magreklamo.

    • Jowell Asugas

      April 11, 2018 at 3:52 AM

      meron iba pinangutang pa yung pinang invest nila. Meron naman kaya milyon kasi nag corpo sila.

  20. Roel Sabate

    April 11, 2018 at 2:55 AM

    kung mag iinvest ka nalang din ng millions of pesos sa bitcoin e di gumawa ka nlang ni bitcoin miner kahit di ganon kalaki ang kita mo araw araw pero di na masama ang 1000-3000 per miner a day… kesa e susugal mo ung millions mo sa bitcoin trading uu maliki kita sa trading ng bitcoin kaso isang maling move ung profit magiging loss kung magkamali ka..

    • Roel Sabate

      April 11, 2018 at 2:56 AM

      Can you teach me how

    • Roel Sabate

      April 11, 2018 at 3:00 AM

      gagawa ka lang po ng rig pc tapos e mine mo ung rig pc mo un ung tools na ginagamit ng mga grab uber etc.. every transaction na dumaan sa miner mo mag iiwan yun ng cents or payments nila paggamit sa miner ko kaya ung mga cents na un maiipon umaabot ng 1000-3000 pesos per day depende sa exchange rate ng bitcoin at demand ng gumamit sa miner mo.

    • Roel Sabate

      April 11, 2018 at 4:37 AM

      Hi Kumander Dante i’m selling my mining rig. PM if interested.

    • Roel Sabate

      April 11, 2018 at 8:18 AM

      True. In fact other net cafe’s closes their business and replace their pc units for mining. Bitcoin mining is as almost as stocks and shall be played for personal invstment only not for networking or MLM. Sana bago maglabas pera ay maging skeptical muna and do extensive research.

  21. BesMae Odreised

    April 11, 2018 at 2:53 AM

    Bitcoin is not a scam. Kadalasan yang mga scammer ginagamit nila pang front ang bitcoin para maraming maengganyo. Saka ang bitcoin hindi sya laging paangat may time na red ang btc at buong market. Kung gusto nyong kumita wag na kayo sumali sa mga ganyan. Kayo na lang mismo ang mag day trading mas malaki pa pwede nyo kitain daily.

  22. Christy Lyn Cabalo Gotos

    April 11, 2018 at 2:46 AM

    Legit ang bitcoin kung legit namn kung saan mo ipapasok pera mo.kaso ung mga na scam sa account nang mga suspek pinasok kya imbes na sila kikita ung mga suspek ung kumita.ang masaklp pa nasisira ung legit na bitcoin tlga.bitcoin ay parang stock market din tumataas or bumababa ung pera mo..pwede ka din mag trade sa bitcoin stock market..common sense nlng kung sasabhan ka mag in dodoble pera mo for a week lng scam n yan.or mag iin ka tas sa account nang founder nang sasalihan mo e huhulog😁😄

    • Christy Lyn Cabalo Gotos

      April 11, 2018 at 2:54 AM

      saka too good to be true yung offer dun pa lang alarming na lol kaso ang daming naghangad ng easy money kaya ayan.

    • Romeo Cubangbang

      April 12, 2018 at 1:10 PM

      Ang pinagkaiba langng btc sa stock market eh, hindi tangible ang btc..walang sumusuportang properties, paniniwala lang.

  23. Ardarlion Lalic

    April 11, 2018 at 2:45 AM

    Florida Matosa

    • Ardarlion Lalic

      April 11, 2018 at 2:53 AM

      Alam ko na po issues nyan Pa 😂
      Hirap mag comment kwento ko Later 😘

  24. Kevin Abarracoso Pacayra

    April 11, 2018 at 2:43 AM

    Don’t ever say bitcoin is a scam, it is just a driveway how they get scam. If you would know how bitcoin is made you’ll probably wonder. Educate yourself first on how it goes.

  25. Harvey Bryan T. Nepomuceno

    April 11, 2018 at 2:39 AM

    Marilag Masangcay

  26. Mark Wilner Malazo

    April 11, 2018 at 2:37 AM

    Baka nahirapan sila magbayad kasi biglang bagsak din value ng btc. 💭💭

  27. Edward Eugenio

    April 11, 2018 at 2:34 AM

    pautang mga Boss.

  28. Heraldous Pan-Gan

    April 11, 2018 at 2:30 AM

    bitcoin! yan ang gamit ng super mario brothers sa larong nintendo diba..

  29. Balangue Chris

    April 11, 2018 at 2:21 AM

    Tapos na ang masasayang araw nila at yan na ang umpisa ng pagdurusa sa impiyerno.

  30. Thea Ann

    April 11, 2018 at 2:19 AM

    Bam Melendrez

  31. Gerald De Guzman

    April 11, 2018 at 2:16 AM

    #Bitcoin

  32. Edna Gutierrez

    April 11, 2018 at 2:13 AM

    Mahilg kasi sa easy money kaya naloloko.alam ng uso ang scam.sumasali pa.ayan tuloy.nadale kau

  33. Cheng Infante

    April 11, 2018 at 2:05 AM

    Ayan pla umh bitcoin oh Rhyiane Gitano

  34. James Santiago

    April 11, 2018 at 2:04 AM

    Ang tanong ..nasan yung actual money na nakulimbat..sang bangko naka deposit.eh panay data lang.

  35. Wenzel Wonka

    April 11, 2018 at 2:02 AM

    Stanley Liew

  36. Eric Dela Paz

    April 11, 2018 at 1:56 AM

    Kita na naman ang mga pulis jan, bago bitawan yan nagatasan na ng husto…

  37. Lovelyn Tasico Agno

    April 11, 2018 at 1:55 AM

    Kcire Serrot

  38. Shey Jose Lanozo

    April 11, 2018 at 1:50 AM

    makakawala din yan dami na nila pera eh

  39. Charlotte Jimlan

    April 11, 2018 at 1:50 AM

    John Rodolf Padilla

  40. Jan Arlou Camba Busil

    April 11, 2018 at 1:50 AM

    Ung emgoldex din sana ang dami namin nainvest peru nagalaho parang bula

  41. Jackie Flores Ballinan

    April 11, 2018 at 1:44 AM

    san na napunta pera ng mga nag-invest?

  42. Mey Fer In

    April 11, 2018 at 1:43 AM

    Jacqueline Fayton

  43. Rowie Dheng Selfaison Dris

    April 11, 2018 at 1:30 AM

    Walang manloloko kung walang nagpapaloko.

  44. Alexis Galeon Ramos

    April 11, 2018 at 1:27 AM

    Bitcoin Jay Michael Monterola

  45. Lorely Cabrera Jacinto

    April 11, 2018 at 1:21 AM

    Jepoy Celestino eto na sila naglalabasan na .

    • Lorely Cabrera Jacinto

      April 11, 2018 at 2:49 AM

      😂opportunista Sis😂 di naman tayo kasali diyan~~~ok na tayo sa investment natino,barya-barya pero sigurado😉

  46. Carmelo Telen

    April 11, 2018 at 1:18 AM

    Greed couple and should be in prison for good.

    • Carmelo Telen

      April 11, 2018 at 1:27 AM

      As well as the so called investors, why not investing the money in banks?
      This Bitcoin scam is spreading and people have lost big monies…

    • Carmelo Telen

      April 11, 2018 at 2:47 AM

      FYI bitcoin is not a scam. People are just using it as a front so they could gain investors.

  47. Alg Cor Vera

    April 11, 2018 at 1:14 AM

    Yaman na nila

  48. Marichu DePalma Yap

    April 11, 2018 at 1:09 AM

    Mga bata pa manloloko na

  49. Margarita Tsutaya

    April 11, 2018 at 1:09 AM

    Bitayin na yan.. para makuta ng ibang manloloko

  50. Steward Lee

    April 11, 2018 at 1:06 AM

    Kelvin

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