Networking operator faces victims after arrest

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SAN FERNANDO CITY, La Union: A networking company operator, who was arrested by San Fernando City police operatives earlier this week, may be charged with possession of unlicensed firearms and at least two counts of estafa. Police Superintendent Julius Suriben identified the suspected pyramiding scammer as Lorenzo Chavez, 34, who was arrested in La Union for possessing unlicensed firearms and was wanted by the Baguio City Police Station for two counts of estafa. “We found out that he operates nationwide,” Suriben said in a text message. Chavez was allegedly the operator of the New Business Opportunity NRZ Global Inc. who failed to pay his investors from Baguio City, Laguna, Pangasinan, Metro Manila and Rizal and later turned fugitive. After his alleged victims heard he was arrested, they went to the police station here to file complaints. Suriben said they are fast-tracking the filing of cases from complainants, who trooped to the police station to positively identify Chavez, to prevent him from fleeing again.

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