^

Nation

Counterfeit gang busted in La Union;12 nabbed

- Myds Supnad, Jaime Laude -
SAN FERNANDO CITY, La Union — Police busted a big-time counterfeiting syndicate here the other day with the arrest of 12 of its suspected members and the seizure of more than $1.5 billion in fake US dollars, bank notes and treasury bills, among other commercial instruments.

Senior Superintendent Samuel Diciano, La Union police director, identified the arrested suspects as Leonardo Napoles, 46, believed to be the syndicate’s leader; Rolando Aquino, 43; Ernesto Camannong, 50; Jun Crisnero, 35; Gloria Batario, 57; Raffy Singon, 49; Edna Bengzon, 41; Maria Henedina Jacualem, Gallardo Estacio, 56; Marietta Mejia, 57; Pepito Barnica, 45; and Lilia Estacio, 51.

Seven of the 12 suspects were nabbed in an entrapment jointly staged by the city police, Navy intelligence, Coast Guard and the Bangko Sentral ng Pilipinas in front of Gate 1 of the Philippine Ports Authority in Poro Point at noon the other day.

During interrogation, they revealed that their five other cohorts from Pangasinan were also here to sell a metal box supposedly from a company named American Dream Inc. containing 25 bundles of fake $1-million bills.

Before midnight, government agents arranged a second entrapment at Oasis Hotel here. The five syndicate members were arrested while they were trying to sell fake gold bullion and guarantee certificates supposedly from Wells Fargo Bank and Union Trust Company, New York.

vuukle comment

COAST GUARD AND THE BANGKO SENTRAL

DREAM INC

EDNA BENGZON

ERNESTO CAMANNONG

GALLARDO ESTACIO

GLORIA BATARIO

JUN CRISNERO

LA UNION

LEONARDO NAPOLES

LILIA ESTACIO

MARIA HENEDINA JACUALEM

  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with