Wolf in the PSE: P300M Scam discovered


Did you happen to read the news of the P300 million scam? Yes it’s true and NBI is starting to investigate it. But who is the man behind this?

Jose Cecilio “Jay” Peñaflor is actually a well-known person in the finance industry.

photo credit: philstar

“Penaflor is actually very prominent. He is a known stock guru, kinukuha siya as resource person sa financial TV shows like the ANC and he teaches finance subjects in San Beda, Far Eastern University and Centro Escolar University. Para siyang yung sa Wolf of Wall Street,” NBI-Anti-Organized Transnational Crime Division (NBI-AOTCD) chief Head Agent Manuel Antonio Eduarte

He is now the center of the investigation of the P300M investment scam that happened in the Philippine Stock Exchange (PSE).
Peñaflor is a former employee of PSE but was terminated last 2013 due to allegations of soliciting funds in exchange for lectures and trading seminars without the exchange's knowledge.

He is also an educator. He taught at San Beda and a part-time teacher at the same approached ABSCBN News Channel regarding the scam he was involved in.

He said he knows some of the student victims, and their losses range from 500,000 to P8 million.

Months before the scam, his company CAP-M Consultancy Co. Also held a stockholders meeting in the exclusive Balesin Resort Club.

Looks like all evil intentions have its limit and someone has to pay for it not just in monetary but in jail.




XOLXOL: Wolf in the PSE: P300M Scam discovered
Wolf in the PSE: P300M Scam discovered
Did you happen to read the news of the P300 million scam? Yes it’s true and NBI is starting to investigate it. But who is the man behind this?
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