Authorities raid online loan collection firm, say PH now a scam hotspot

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Based on the report obtained by Rappler, the warrant stemmed from several complaints filed by clients who used online lending apps Wow Pera, Zippeso, Valley Loan, and Lemon Loan. “The victim sent us screenshots of the harassment messages he was getting in social media and the email. We were able to find out that even relatives and friends, even mere acquaintances of the victims have been receiving messages from Golden Koi,” Casio told Rappler in an interview on Friday.

The 255 workers were comprised of 251 Filipinos, and four foreign nationals – two Malaysians, a Chinese national, and a Taiwanese who is the lone de facto manager. They are temporarily held for questioning for alleged violations of Republic Act 10175 or the Cybercrime Prevention Act, RA 11765 or the Financial Products and Services Consumer Protection Act, and RA 11394 or the SIM Registration Act, said PAOCC.

“The government and business sector should enhance employment opportunities so that our working generation will not be enticed to work in this kind of industry. This is a social justice issue. You need to survive first before you follow government rules. Although for businessmen, the issue is not about survival, rather greed,” said Ison.

Source: News Formal (newsformal.com)

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