Multi-billion casino junket scam suspects indicted in Baguio

BAGUIO CITY — Casino junket financing personalities, who allegedly took at least P4 billion worth of supposed “investments” from at least 10,000 “investors” in the Cordillera and nearby regions, have been indicted of syndicated estafa charges by the Baguio City Prosecutor’s Office.

Toward the end of July last year, “investors”, including “account managers” of “Team Z”, flooded the National Bureau of Investigation-Cordillera Administrative Region with complaints that they were defrauded of their “hard earned” money. In early March last year, a SEC Cease-and-Desist-Order was later on instituted as permanent by the end of 2023 against Pantollana, Humilde and other Team Z ring leaders, the Philippine National Esports League and at least four dozen personalities more involved in the casino junket financing operation. This prompted them to halt their illegal investment scheme.

In his defense, Pantalloana through his lawyer said that: “there are people who were indicted but not having any single participation on the alleged felony."Pantalloana also said that the complainants knew it was for the casino business. “The money of the alleged complainants were not pocketed as alleged by some of them," the suspects said.

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