2 suspects in Capiz investment scam arrested

first_imgBaarde was detained in the Roxas Citypolice station’s custodial facility./PN She allegedly duped around 800investors in investing into her company, Forex Investments, for 25-percentmonthly interest.  ILOILOI City – Two of the fivesuspects behind the P600-million large-scale investment scam in Capiz werearrested in Metro Manila.  Lourdes Baarde was arrested by the National Bureau of Investigation in Metro Manila on Thursday. RUBY SILUBRICO/PN Police said Baarde was a formerrevenue officer at the Bureau of Internal Revenue in Roxas City. Officers of the National Bureau ofInvestigation 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.  last_img read more

Bankers say economy remains weak in rural parts of 10 states

first_imgOMAHA, Neb. (AP) — A new survey of bankers suggests the economy remains weak in rural parts of 10 Plains and Western states. The overall index for the region remained negative at 44.1 in July even though it improved from June’s 37.9. Any score below 50 suggests a shrinking economy, while a score above 50 suggests a growing economy, survey organizers say. Creighton University economist Ernie Goss says weak agriculture crop prices, retail sales and layoffs have hurt the bankers’ economic confidence. Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.last_img read more