An executive of real estate developer Megaworld may soon find himself in deep trouble for allegedly duping an executive of a remittance company based in Japan of P1.4-million worth of investments in two Megaworld projects in the Philippines.
Eleanor Hilario, an executive in a remittance company based in Japan in a statement said that she is preparing to file Estafa against Michael Garcia Moreno, senior country manager for Japan of Megaworld International for his refusal to return her investments.
Hilario claimed that Moreno, who claims to be a nephew of veteran showbiz personality German Moreno, convinced her into investing in certain Megaworld projects in Quezon City and Mandaluyong and promised huge returns.
Hilario said that Moreno asked her to invest in bulk buying of Megaworld units where she would shell out money for reservation fees of several units and later sell it to other interested buyers at a higher price.
Hilario agreed to shell out P600,000 as reservation fees for 30 units at Suntrust Treetop Villas in Mandaluyong, P200,000 for 30 units at Asmara in Quezon City and P620,000 for 50 units at One Eastwood Avenue.
It was learned that while the marketing associates and managers have been able to sell the units she reserved and with the payments being remitted to Mr. Moreno, being the legitimate representative of Megaworld International (Japan), the later failed to reimburse Hilario the amount she paid to reserve the units.
“Worse, when I started asking him regarding my investment, he started humiliating me in public and even threatening to kill me and my family in the Philippines,” Hilario said in a statement.
Hilario met Moreno in August last year at a beauty contest in Japan and according to her the later started courting her until she was convinced to live with him a month later.
Besides her investments Moreno also convince her to loan him huge amounts for his personal needs.