National Bureau of Investigation (NBI) Spokesperson Ferdinand Lavin (seated, right) presents to members of the media five suspects who were arrested for investment fraud in a press conference Friday (July 23).
The suspects, identified as Bernie Lympiada, Marvin Ojeda, Glory Ann Pillora, Sison Inocencio, and Rogelio Fambuena, were all employees of Agri-Wealth Farm Ventures, Inc. who allegedly duped investors with promises of a 160-percent return of investment in 100 days. The Securities and Exchange Commission (SEC) said Agri-Wealth is not registered as corporation nor was it issued a secondary license as a lending company, broker or dealer of securities, dealer in government securities, investment adviser nor has applied application for secondary license with SEC. (DQ)