NBI files estafa case vs man who defrauded 9 others of $202,500

The National Bureau of Investigation (NBI) has filed a case for estafa against an individual who defrauded a group of people of almost US$202,500 to finance the processing of documents to claim a $30-billion asset of a fellow Filipino.

Arrested in an entrapment operation on Thursday was Tomas Necasio Nazareno who defrauded eight Filipinos in the United States and one American who each contributed to finance the processing of documents to claim $30-billion from HSBC in Thailand.

Nazareno claimed that the bank documents have been transferred under his name but needed funds for travel and logistics. He promised the group that he would provide payment equivalent to one percent interest or about $300-million. /je