P500 million scam mastermind Mary Angelaine Martirez is arrested in Paranaque

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An estimated amount of 500 million pesos has been scammed in Paranaque City. The mastermind was arrested.

Around 30 complainants went to PNP station in Paranaque after the mastermind of the newest investment scam was arrested. Her name is Mary Angelaine Libanan Martirez.

She encouraged the victims to invest money to fund for Paranaque's local government projects.According to her, 20% of the invested amount will be earned after a month.

The victims were able to receive money at first, but they didn't receive any money since March this year.

One the the victims, named Jane, was really problematic because she invested 7 million pesos. According to her, she obtained the money from her retirement fee and her relatives.

"My family also invested in that. They really feel depressed. I have been sad for the pat few month because I can see that my friends and family are also affected," she said in an interview.

Meanwhile, Mark lost 70 million pesos. Like Jane, he got the money from his relatives and his friends.

"There wasn't any problem last year. We were able to receive money at the right time so we keep on giving. However, the chances of getting the money back are too low,' Mark said.

In order to defend herself, the suspect said that she was just a victim too. She is a victim of the two councilors behind the investment scam.

"If I'm a scammer, I could have gone to other country. I'm not even hiding. I'm also a victim. My investors are mentioning the names Rudy Avila and Mark Aragon. They just made me their front liner," Mary Angelaine said.

Councilors Rudy Avila and Mark Aragon of baranggay San Antonio are brave enough to face the media. According to them, they are also a victim of Mary Angelaine. They don't have any connections with the scam because they just borrowed money from the suspect.

"They are using us to get what she wants. Her scam got busted so she i using our names," Mark Aragon mentioned.

"I always work hard starting from dawn. If she gave me 50 million pesos, why will I still suffer to very work hard?" Rudy Avila defended himself.

Paranaque Mayor Mr. Edwin Olivarez cleared the issue and said that the city hall is not involved in any investment scam.

"I personally ask the police officer to take her to police office for questioning. She doesn't have any authority to use the name of the city hall for her illegal business," said the mayor.

The suspect is facing a syndicated estafa case.


The PNP is also trying to get in touch with the other victims to encourage them to file a complaint against the suspect.

Source: abs-cbn news

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XOLXOL: P500 million scam mastermind Mary Angelaine Martirez is arrested in Paranaque
P500 million scam mastermind Mary Angelaine Martirez is arrested in Paranaque
An estimated amount of 500 million pesos has been scammed in Paranaque City. The mastermind was arrested.
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