Trial courts proposed vs pyramiding, Ponzi scams

A lawmaker has called for the creation of commercial trial courts to help suppress pyramiding” and Ponzi scams that have hit more than a million Filipinos with over 25 billion in combined financial losses.

“The establishment of commercial courts is long overdue. Once we have the new courts in place, there’s no question a greater number of embezzlers will be put behind bars faster, and this in turn should help discourage other would-be swindlers,” according to Makati City (Metro Manila) Rep. Luis Campos Jr., also deputy minority leader.