After the arrest of May 13, five people in Pangasinan for allegedly directing an unregistered cryptocurrency investment scheme, the National Group Against Cybercrimun’s National Police of the Philippines (PNP-ACG) attended search orders on an alleged cryptographic investment and a remiss center in the city of San Carlos, a component city of the province.
Look for Orders Served
In Facebook publicationThe PNP-ACG reported that around 12:30 pm, on May 17, 2025, the joint agents of their cyber response unit (CRU) and the provincial cyber response equipment (PCRT) of Pangasinan, in coordination with the stock exchange and values commission (SEC), executed a search order, notify and examine the computer data together with a guarantee of the Office of the Office of Operation Schale
According to the police, the operation began after a SEC report on the unauthorized financial activities of the company.
“This operation underlines our commitment to protect the public from financial crimes with cyber enables. We urge the public to remain attentive to unregistered cryptographic schemes and inform any suspicious activity to the closer ACG office.”
Brigadier General Bernard Yang, Interim Director, Anti-Cyber Group, National Police of the Philippines
Together with the public warning about unregistered cryptography schemes, Yang also emphasized that cryptocurrency -based investments are regulated by law and offenders face serious sanctions.
Previous arrest
Recently, the PNP-ACG, in coordination with the SEC, arrested five people in Pangasinan for allegedly operating an unregistered cryptocurrency investment scheme.
The entrapment operation was carried out by ACG-CRUU and the DAUGPAN PCRT. The suspects face charges under the securities regulation code and the Cybernetic Crime Prevention Law.
In a Exclusive interview With IFM News Dagupan, the Lieutenant of the Public Information officer Wallen Mae DS Arancillo confirmed that the authorities were able to locate the alleged investment operation after discovering that he lacked adequate authorization and necessary documents.
“[Iyong] The company began operating in 2022, and the minimum investment they ask for is 30,000, with the promise of a monthly yield of 10%. According to the researchers with whom we have talked, he has been operating for a long time and many are investing in them. Although they have many members or the legitimate trade they do, but the SEC finds that they have no permissions, so it is considered illegal. “
Police Lieutenant Wallen Mae DS Arancillo, Public Information Officer, National Police of the Philippines
[Translation: “The company started operating in 2022, and the minimum investment they require is 30,000, with a promise of a 10% monthly return. According to the investigators we spoke with, it has been operating for a long time, and many people have already invested with them. Although they have many members and the trading they do seems legitimate, the SEC found that they do not have the necessary permits, so it is considered illegal.”]
This article is published in Bitpins: PNP serves arrest orders against the center of crypto without a license in Pangasinan City
What else is happening in Crypto Philippines and beyond?
