Warning up on online financial transaction fraud

/ 04:40 PM December 21, 2017 FILE PHOTO

The National Bureau of Investigation (NBI) has urged the public to be extra cautious in dealing with financial transactions online.

The warning was issued following the arrest of Tomas Necasio Nazareno who defrauded eight Filipinos and one American in the United States of more than US$200,000.


One of the victims, Alejander Bugarin, said he shelled out US$54,000 to Nazareno in tranches since 2016.

However, he personally met Nazareno only during the entrapment operation Thursday.


Nazareno claimed US$30-billion deposited at the HSBC in Thailand has been transferred to his name but he has no money to facilitate its withdrawal.

Bugarin said he encountered Nazareno through a common friend, a certain Pastor Gavino M. Ronquillo. He said Ronquillo referred Nazareno to him via Facebook messenger.

“Kaibigan ko nagrekomenda sa akin, he was my friend,” Bugarin said referring to Ronquillo.

He said he was convinced to shell out money because of the bank documents presented to him by Nazareno. He, however, admitted that the presentation of documents was made only through social media Facebook and Viber.

Bugarin said he initially deposited $2,000 for Nazareno followed by $9,000, $4,000 until it reached $54,000 because “the subject (Nazareno) continued to ask money and enticed that Subject’s offer of investment is valid and legitimate.”

When asked if he would press charges against his friend Ronquillo, Bugarin answered no.

Bugarin has been staying in the US for 10 years.


TOPICS: cyberfraud, NBI, Online Fraud, Philippine news updates
Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

For feedback, complaints, or inquiries, contact us.

‘The King’: Interesting but not memorable

December 07, 2019 05:45 AM


Theater Calendar

December 07, 2019 05:40 AM


Gratifying variety of campus theater offerings

December 07, 2019 05:30 AM

© Copyright 1997-2019 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.