Bulacan police arrests woman in P13M ‘fishpond’ investment scam

By: - Correspondent / @inquirerdotnet
/ 06:44 PM September 16, 2020

BALIWAG, Bulacan–Police arrested a 29-year-old woman who allegedly duped victims into entrusting their money to her in exchange for hefty profits, collecting up to P13 million from unsuspecting individuals.

Col. Lawrence Cajipe, Bulacan police director, said Lea Ulang has preyed on people in the province by luring them into investing in what she described as a “fishpond business.”


Investigators said the promised 30-percent earnings turned out to be bogus.

Ulang, a bangus (milkfish) trader from Rizal province, was arrested by police serving a warrant issued by a court in Bulacan for estafa.


Police said Ulang had also preyed on a number of residents in Mandaluyong City and other parts of Metro Manila.


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, fishpond, Investments, Police, Regions, 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.