DAVAO CITY, Davao del Sur, Philippines — President Rodrigo Duterte on Saturday ordered the Philippine National Police and the National Bureau of Investigation to shut down get-rich-quick scams that are proliferating in Mindanao.

The President said there were many investment schemes in Mindanao that clearly constituted syndicated estafa.

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“That is ‘pyramiding.’ That is why you shut them down and haul them [to court],” he said.

Several investment scams have sprouted in Mindanao, including the Kapa-Community Ministry International Inc., headed by a certain Joel Apolinario, which promises a 30-percent monthly return.

Other companies, such as the Tagum City-based Rigen Marketing, Jogle and Ever Arm, even promise a return of up to 500 percent after three months. —Orlando B. Dinoy

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