ROXAS CITY, Capiz Eighteen persons trooped to the Roxas City police station recently to file complaints against an alleged investment scammer.
The complainants told the police that Forex Investment Scheme (FIS) led by a certain Lourdes Baarde, 41, a former employee and resident of Rio Grande Subdivision in Arnaldo Boulevard here, failed to return the money they invested.
The complainants, mostly local government employees, teachers, police officers and private individuals, invested at least P100,000 each.
The complainants said the 20 percent return on their investment tempted them to part away with their money.
As an assurance of sorts, FIS issued post-dated checks reflecting the investors projected interest earning.
But the investors were alarmed after the checks bounced for lack of funds.
The Daily Guardian tried to get the side of Baarde but she was not available.