Country of Origin
Philippines
Country of Asset Location
United States
Disposition of Criminal Case(s)
At time of reporting (2020), there were ongoing investigations/prosecutions related to this case in both the country of origin (Philippines) and country of asset location (United States).
The outcome was that there is a pending plunder case in the Philippines against the main perpetrator of the scam. There is also a money laundering case in the US against the main perpetrator.
Action Initiating Asset Recovery
By an MLA request from the country of origin
By domestic investigation by law enforcement authorities (independent from foreign request)
Stage of Asset Recovery
Assets frozen/seized
Legal Basis for International Cooperation
Bilateral Mutual Legal Assistance Treaty
Contributing Factors in Asset Recovery
Other
Specify Other
Egmont group
Notes
At time of reporting (2020), the assets were still frozen/seized.
Assets Frozen/Seized
#1
Assets frozen/seized
12,500,000.00 USD
Assets frozen/seized (USD equivalent)
$12,500,000.00
Date of freeze/seizure
2015
Jurisdiction
United States
Asset Type at Time of Freeze/Seizure
Cash/bank deposit
Real estate
USD Conversion date
September 2023
Date and Country of Case Submission
January 1, 2020
Philippines
Data Source
Official information provided by country authorities