Crypto scammers have become a growing concern in the Philippines, prompting a lawmaker to raise the alarm about their activities. With a particular focus on the Philippine offshore gaming operators (POGOs), this lawmaker asserts that these entities are being utilized as a “legal cover” for the crypto scammers’ illicit operations.
During the resumption of the hearing on illegal activities involving foreigners, Sen. Ana Theresia “Risa” Hontiveros presented compelling evidence to support her claims. She showcased videos and reports documenting the recent raids conducted by law enforcement agencies on various commercial and residential properties in Clark, Pampanga.
These raids resulted in the rescue of more than 1,000 victims and the seizure of over P180 million (roughly $3.2 million) in cash, highlighting the magnitude of the illicit operations taking place and the urgency to address this…
