A networking company in Lipa City shuts down after taking more than P3 billion from investors

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More than P3 billion was lost when the company One Dream Global Marketing Incorporated shuts down its operation in Lipa City, Batangas.

Lipa City, Batangas - People were shattered after the networking company where they deposited the money closed.

Investors of the company One Dream Global Marketing Incorporated rushed to the City Hall of Lipa in the morning of June 20. 2015. They complained to the mayor of the city because they were tricked and scammed by the company. They were promise that the money they invested will be returned to them with high interest.

The office of the company just started to open it's business last May. The company promised that the money you invested will gain 40% interest only after 4 days. For example, if you invest P100,000, it will become P140,000 in just four days.

One of the victims is an investor who invested P140,000.

"Me and my daughter pawned some valuable things just to get that money. I was encouraged by my niece because I can get my money back on Friday and we're going to use that money," she narrated.

Some people form nearby towns also invested because of the very good promise from the company.

"I want to have a better life with my wife so we invested the money," another investor said.

The company sells some skin care products according to their website. The company is owned by a certain "Arnel Gacer". It was also shown that some investors receive cars on pictures posted on their facebook page but according to people who invested, they didn't sell any products.

According to Securities and Exchange Commission (SEC), the business was registered just last June by 5 people from Lipa City.

The business was registered under the names of Arnel Gacer, Ariel Gacer, Jobelle De Guzman, Richard Ramos and Jay-Ar De Guzman.

The office of One Dream shuts down its doors last July 12.

According to Lipa city Mayor Meynard Sabili, about P3,000,000,000 was scammed by the company from Lipa alone. Before the investors are gone, Mayor Sabili had the chance to speak with Gacer's mother in law and she said that she has some cheques and she will try to get P1,000,000.


The victims are planning to file large case estafa against the business owners.

SEC has informed the public to be vigilant and refrain from joining similar companies that promises big investment returns.

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XOLXOL: A networking company in Lipa City shuts down after taking more than P3 billion from investors
A networking company in Lipa City shuts down after taking more than P3 billion from investors
More than P3 billion was lost when the company One Dream Global Marketing Incorporated shuts down its operation in Lipa City, Batangas.
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