2 suspects in Capiz investment scam arrested

Lourdes Baarde was arrested by the National Bureau of Investigation in Metro Manila on Thursday. RUBY SILUBRICO/PN

ILOILOI City – Two of the five suspects behind the P600-million large-scale investment scam in Capiz were arrested in Metro Manila. 

Officers of the National Bureau of Investigation apprehended the 42-year-old Lourdes Baarde of Barangay Baybay, Roxas City on Thursday, a police report showed.

Baarde’s cohort – Joel Domayan, 28 – was also nabbed at his residence in South Triangle, Quezon City. 

Police said Baarde was a former revenue officer at the Bureau of Internal Revenue in Roxas City.

She allegedly duped around 800 investors in investing into her company, Forex Investments, for 25-percent monthly interest. 

Baarde was detained in the Roxas City police station’s custodial facility./PN

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