Bicol policemen, teachers lose millions to scammers

LEGAZPI CITY: The Securities and Exchange Commission (SEC) in Bicol reported that policemen and teachers wanting to double their money have fallen prey to investment scammers victimizing mostly residents in Camarines Sur.

Atty. Fiona Mae Corral-Bobis, SEC securities counsel said that even a retired banker lost his million to scammers but unfortunately the SEC only learned of the incident after the victims complained when they could not get the interest or return-of-investment.