In a recent incident in Quezon City, the National Bureau of Investigation (NBI) apprehended three individuals—Francis Eric Candido, Michael Reyes, and Marcelino Javier—for their alleged involvement in a bank loan scam. The NBI claims that the trio persuaded someone to obtain a driver’s license using a false identity to secure a loan.
The suspects are accused of recruiting individuals to assume fake identities and secure bank loans without any intention of repayment. They also allegedly created a shell corporation, Fuel Master Petroleum Trading Corp., to give a false appearance of legitimacy to their activities.
According to the NBI, the suspects engaged in deceptive practices, such as renting co-working spaces and providing fake employment records to support loan applications. The charges against them include 13 counts of falsification of documents, using fictitious names, and concealing their true identity under the Revised Penal Code and the Anti-Alias Law.
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Additionally, the suspects are facing charges related to the violation of the Access Device Regulation Act of 1998, SIM Registration Act of 2020, and Cybercrime Prevention Act of 2012 before the Quezon City prosecutor’s office.
via Philstar
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