NBI PH Rescues 84 Filipinos from Alleged Forex Trading Scam in Pampanga

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PAMPANGA, Philippines - On September 20, Philippine officials rescued 84 Filipinos from an alleged fraud operation in Angeles City, Pampanga. The National Bureau of Investigation (NBI) Pampanga District Office led the investigation, which discovered that the hub pretended to be a small-scale business process outsourcing (BPO) firm but was really part of a larger-scale fraud involving FXTM USDT Forex Trading.

The NBI raided the FXTM USDT Forex Trading office on the fourth floor of the Living Rock Building in Barangay Salapungan, according to a search order granted by Angeles City Regional Trial Court Branch 61 Presiding Judge April Joy Magsayo-Aguila. The hub is accused of violating Republic Act No. 10175, generally known as the Cybercrime Prevention Act of the Philippines.

Contents

01

Forex Trading Raid: FXTM USDT

02

BPO Love Scam Investigation in Pampanga

03

Cybercrime Prevention Act Violations

Forex Trading Raid: FXTM USDT

According to initial reports, the suspected fraud center, known as FMD Non-Voices Outsourcing Services, was operated by Irene dela Cruz Vergara. The company, which was registered with the local barangay, looked to be a respectable BPO firm. However, the NBI's inquiry revealed its involvement in fraudulent activities, particularly a love scam that defrauded naive individuals online while posing as a Forex trading center.

Barangay Salapungan Chief Rey Malig, who was there as a witness during the operation, stated that all seized goods, including laptops and papers, were sent to the NBI headquarters in Clark Freeport for further examination. Malig also said that no foreign nationals were caught during the operation, highlighting that the scam was operated by Filipinos who targeted both domestic and international victims.

BPO Love Scam Investigation in Pampanga

According to Angeles City authorities, the operation did not include Philippine Offshore Gaming Operators (POGOs), who have come under scrutiny in recent years. Angeles City Chief Adviser IC Calaguas highlighted that the scam was operated by Filipinos, distinguishing it from conventional POGO-related scams.

“The good news is that it's not POGO-related, but it's still a scam that takes advantage of vulnerable individuals,” Calaguas told reporters. Before publishing an official statement, the local administration is collaborating with the NBI to obtain further information regarding the operation.

Cybercrime Prevention Act Violations

The NBI Angeles City Operation is part of authorities' ongoing attempt to combat cybercrime in the Philippines. The Cybercrime Prevention Act empowers the government to investigate and punish illicit internet activities, such as love scams and fraudulent Forex trading, which have been more common in recent years.

The NBI is currently assisting the rescued Filipinos, many of whom were ignorant of the full scale of the swindle.

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