Scammer preying on OFWs falls

December 03, 2019

OPERATIVES of the Criminal Investigation and Detection Group Regional Field Unit 4A arrested in Rosario,  Batangas a notorious investment scam suspect victimizing overseas Filipino workers.

Elpidio Tanaliga Jr., owner of the  ALMASAI Finance & Investment Corporation, was arrested by the CIDG men led by Maj Russel Dennis Reburiano in an operation in Bgy. Mavalor in Rosario town.

The operatives were armed with seven warrants of arrest for estafa.

The arrest stemmed from a complaint filed by Patrick Norman Algenio, who invested 10M to Tanaliga’s company.

Algenio was promised a five percent monthly interest from Tanaliga’s investment business.

Tanaliga’s victims were mostly OFWs working in Saudi Arabia.

The suspect was able to swindle an estimated P500 million of investments from the victims.

With Jojo Magsombol