A special task force has closed down 14 offices of operators behind investment scams that proliferated in Tagum City in Davao del Norte.

The Inter-Agency Task Force was especially organized to run after  the operators of “Fraudulent Financial Investment Schemes” that victimized thousands of investors of millions of pesos. Reports said there 53 groups involved in the scam in the Davao Region.

Led by the Philippine National Police Region Eleven, the task force shut down the offices on Wednesday, May 31,  in what is seen as the start of a massive campaign against the operators of the investment scams. READ MORE

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