Couple in P100M scam with affluent victims arrested

/ 06:18 PM August 04, 2019

BULAKAN, BULACAN—Police here arrested a couple who were allegedly running a multi-million peso investment scam and preying on known personalities.

 Col. Grace Naparatto, this town’s police chief, said police arrested Eduardo Rizabal, 45 and his wife Maureen Rizabal, 38, residents of Barangay San Jose, for seven counts of estafa.


 Naparatto said police served a warrant of arrest issued by a municipal trial court against the suspects who reportedly amassed over P100 million from victims who are mostly affluent families and local politicians.

Investigators said the victims were lured to invest in mall-based boutiques and were promised a 10-percent return of investment and expensive freebies. Carmela Reyes-Estrope/TSB


Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: arrest, Bulacan, Estafa, Investment, ‎Police, politicians, Scam
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.