Ponzi scam brains nabbed after 7 years | Inquirer News

Ponzi scam brains nabbed after 7 years

By: - Reporter / @dexcabalzaINQ
/ 05:04 AM February 05, 2021

MANILA, Philippines — After almost seven years on the run, the police finally collared in Quezon City Arnel Gacer, 39, the president of One Dream Global Marketing Inc., which was tagged in a Ponzi scheme that duped thousands of investors of at least P3 billion.

National Capital Region Police Office chief Maj. Gen. Vicente Danao Jr. said Quezon City policemen served a warrant against Gacer while he was in a restaurant on Panay Avenue around 11 p.m. on Wednesday.

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Gacer has 13 other pending warrants of arrest issued by different courts since 2015, all of which charged Gacera for estafa or violation of the Securities Regulation Code.

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TAGS: Arnel Gacer, arrest, Ponzi, Scam
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