Money scam victims want millions back

Thousands of investors in a company which was believed to be the messiah of their financial needs are still hoping that their now lost hard-earned savings would be returned to them by the company’s nowhere-to-be-found top executives.

In a private Facebook chat group that The Bohol Tribune was given exclusive access to, brokenhearted investors of Klikmart Rewards, after finally admitting to this paper that they had fallen prey to the “evil machinations of Klikmart,” a pseudo investment company that once mesmerized Boholano dreamers, are still demanding immediate return of their investments.

The Bohol Tribune has learned that one investor alone entrusted P2 million to Klikmart Rewards believing that the company had a legitimate business plan.

Sources said Klikmart used to receive money investments from innocent Boholanos by as much as P10 million a week.

“All the money is lost now,” one victim, who requested not to be named, said during an interview. “Magpaabot nalang ko og gaba, karma para sa nangilad namo.”

A source said one of the Klikmart scam victims was a wife of a court judge based in Bohol. Thousands of other Boholano victims had invested from few thousands of pesos to as much as a couple of million of pesos.

A year ago, or in September 2015, operatives from Cebu-based National Bureau of Investigation (NBI) raided the office of Klikmart Rewards located along Palma Street, this city, and confiscated cash and several office equipment used in operating the alleged investment company.

The NBI said the company had violated Republic Act 8799, or The Securities Regulation Code.

NBI RAID IN BOHOL

On September 3, 2015, NBI-Cebu raided the Klikmart office in Tagbilaran City. The Bohol Tribune witnessed the raid.

When this paper started branding Klikmart as an investment scam, hundreds of Boholano investors sent angry email and Facebook messages, laced with threats, to the editor, demanding him to retract his published reports.

But the editor stood by his report, without fear of repercussions.

Klikmart, which has several branches in the National Capital Region (NCR), eventually seized operations in Bohol, after the September 2015 NBI raid.

According to a court document obtained by The Bohol Tribune yesterday, the NBI had turned the money it seized from Klikmart-Bohol.

Lawyer Angie U. Logarta, branch clerk at the Regional Trial Court (RTC) Branch 3 based in Tagbilaran City, received the amount of P1,601,459.75, which was “to be taken in custody pending trial of case/s in relation to above-captioned Search Warrant 2015-19.

The acknowledgement receipt was signed by Clerk of Court IV Atty. Romulo T. Puagang.

But below the acknowledgement receipt, a certain Feliciano C. Agta, one of the alleged brains of Klikmart operations in Bohol, signed the paper that he had “claimed and received personally” the amount from the court.

Agta cannot be reached for comments as of press time.

Jasper Baculio, addressing his message to Jonathan Bantugan, said: “iapil reklamo ang imo ksm wala mupayout mga agta brothers. mura dghan na au silag atraso sa katawhan. dapat jd ni sila pangdakpon arn muondang nas ela binuhatan d maau.”

Reports said the Agta brothers have allegedly disappeared from Bohol.

And all Ymarie Dan Senillo, a Klikmart investor, could say, for now: “ato ng e ampo nga karma, kanang walay bugto sa gastos ilang mahi agoman…. kay nahanaw ra sila murag buwa.”

An  insider of Klikmart told The Bohol Tribune yesterday that the P1.6 million the NBI had entrusted to court custody was only a “drop of the ocean of money that Klikmart founders and officers had made from innocent investors.”

SCAM, ACCORDING TO SEC

According to the Securities and Exchange Commission Klikmart’s style of getting money from people had violated the Securities Regulation Code, which prompted the SEC to issue an advisory in July 2015.

Section 8 of the Securities Regulation Code states that “Securities shall not be sold or offered for sale or distribution within the Philippines, without a registration statement duly filed with and approved by the Commission. Prior to such sale, information on the securities, in such form and with such substance as the Commission may prescribe, shall be made available to each prospective purchaser.”

But Klikmart, masquerading as a busy grocery hub, promised huge investment returns, which can be recovered after a 21-day waiting period.

Earlier, SEC issued a cease-and-desist order against Klikmart Shopping Club Corp., also known as Klikmart Rewards, after selling investment securities without any authority or license, according to a detailed report.

The SEC in an order posted on its Web site directed Klikmart Shopping and units Kilkmart Dragon Corp., Klikmart Rewards, Klikmart Distribution and Marketing Services as well as officers and agents to stop offering securities or investment contracts to the public until it filed a registration statement.

The SEC also directed the Klikmart Shopping to stop offering the same unregistered securities through the Internet.

“The Commission will institute the appropriate administrative and criminal action against any persons or entities found to act as solicitors, information providers, salesmen, agents, brokers, dealers or the like for and behalf of the subject corporations,” the SEC said.

Klikmart Shopping was registered with the SEC in March 2015 with an authorized capital stock of P500,000. The company is engaged in the business of marketing and distribution of goods, such as soap, perfumes, wares and merchandise for every kind in wholesale of retail basis.

The SEC after surveillance and ocular inspection found Klikmart Shopping luring investors to put in their money into the company with the promise that it will earn 33 percent interest after a minimum of 21 days to a maximum of one month.

Requiring a minimum investment ofP15,000, the company offers two boxes of coffee and one box of soap for every P1,500 investment.

SEC identified the Klikmart incorporators and officers as Romel Juaton, Dennis A. Occidental, Luzvimindo P. Cabaluna, Mary Louiza M. Amacio, Devon T. Garganera, Athos C. Garganera, and Rowen G. Cabaluna.

 

 

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The Bohol Tribune is the leading newspaper in Bohol, Philippines, circulating in Tagbilaran City and in Bohol's 47 towns. Widely considered as the best newspaper in Bohol, The Bohol Tribune offers the most comprehensive coverage of news and features, presented in a world-class printing quality. For feedback/inquiries: 0920-630-1130 (smart) | 0927-6310-965 (globe) Landline: 038-501-0919 | E-mail: boholtribune@gmail.com

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