7 persons selling bogus US federal notes nabbed
POLICE operatives have arrested seven members of a syndicate engaged in selling fake United States treasury bills during an entrapment operation in the vicinity of a posh hotel in Pasig City.
Operatives of the Criminal Investigation and Detection Group (CIDG) last Wednesday also seized from the suspects bogus treasury bills from the Federal Reserve Bank of Chicago, Illinois worth $3 trillion.
Senior Supt. Joel Napoleon Coronel, chief of the CIDG-NCRIDU, named the suspects as Mariano Abana, a real estate agent and ring-leader, Ramil Medecilo, Teodoro Tadeo, Noel Labandero, Raquel Labandero, Leo Rosilla and Antonio Rubio.
The seven suspects were arrested by CIDG elements led by Senior Insp. Rommel Macatlang following an entrapment operation at the Crown Plaza Hotel in Ortigas Ave., Pasig City.
The arrest was made after a CIDG operative posed as a buyer of a metal chest containing US treasury bills, which are being offered by the group to unsuspecting victims, Coronel said.
Macatlang said Abana, who acted as the broker for the sale of the “federal notes,” was the first to be arrested after he received marked money from the poseur-buyer.
The treasury bills were marked “Document Treaty of Versailles” and comes in $1 billion Gold Bullion Certificate.
The other members of the groups who were present within the premises of the pay-off area were also immediately arrested by the police.
Coronel said the suspects are now under investigation at the CIDG office in Camp Crame. They would be facing charges for violations of Article 16 of the Revise Penal Code. Anthony Vargas