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NewsTranscript
00:00Arrested in Noveleta, Cavite is a man who was involved in a multi-million peso cryptocurrency scam.
00:07Some media personalities, police, and government officials were also arrested along with him.
00:13Witness, Jun Veneracion.
00:19You were arrested in Estapa.
00:22This man was not able to escape when PNP-CIDG arrested him last night in Noveleta, Cavite.
00:29He was involved in a multi-million peso cryptocurrency scam.
00:33And 500 to 600 million pesos were stolen from his victims.
00:38He also has knowledge about cryptocurrency, of course, because that is his expertise.
00:45That's why his moniker is Crypto King.
00:49According to the suspect, he earned 4% to 5% from investing in cryptocurrency.
00:56But when he gets the money from the victim, the suspect will act like nothing happened.
01:01For example, 10 million.
01:03He promised that he will return 2-folds or 3-folds.
01:08The victims of these personalities are some media personalities.
01:15There were also police officers who were victims and government employees.
01:21The media tried to get hold of the suspect.
01:23Sir, Crypto King arrested you.
01:28Sir?
01:31No comment, sir.
01:34We arrested you.
01:35According to PNP-CIDG, the suspect was arrested last September 2023.
01:40He was also involved in the Estapa case.
01:42He was able to escape, but he was again involved in the cryptocurrency scam.
01:46PNP-CIDG is sure that the suspect was victimized by many people.
01:50The suspect appealed to the police to file a complaint in order to investigate a more serious case.
01:56Based on our data gathered and the evidence that we have,
02:02we hope that we can file another case for a large-scale estapa that is non-bailable.
02:08For GMA Integrated News, your June Veneration.
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