Chinese woman wanted for ‘pyramid scam’ falls
BUREAU of Immigration (BI) operatives have arrested a Chinese woman wanted by authorities in her country for involvement in a large-scale “pyramid investment scam.”
In a statement, Immigration Commissioner Norman Tansingco said the 44-year-old fugitive was arrested on May 19 at her residence in a subdivision in Biñan, Laguna by operatives from the BI’s Fugitive Search Unit (FSU).
BI-FSU operatives arrested the suspect on the strength of a mission order from Tansingco, who issued the same at the request of the Chinese authorities.
According to Tansingco, the Chinese government has canceled the alien’s passport, and she is already an undocumented alien who is subject to summary deportation.
She is also an “overstaying alien,” as records showed that she last arrived here as a tourist on Dec. 31, 2019, and never left since then.
“She will thus be deported for being an undesirable, overstaying, and undocumented alien,” Tansingco said.
According to BI-FSU acting chief Rendel Ryan Sy, the Chinese national is the subject of an arrest warrant by the public security bureau in the Yongjian district of Handan City in Hubei province, China on May 12, 2021.
She was accused of allegedly organizing and operating pyramid investment schemes through a foreign currency exchange platform that swindled more than 300,000 Chinese victims whose combined losses amounted to more than US$2.5 million.
The suspect is currently detained at the BI Warden Facility in Camp Bagong Diwa, Taguig City pending deportation proceedings.
