NBI agents arrest Fil-Am fugitive wanted for investment scam

MANILA, Philippines (Xinhua) - Agents of the National Bureau of Investigation (NBI) arrested today a Filipino-American wanted in the US for a multi-million dollar investment scam.

The agents nabbed Rodolfo Suacon at his house in Pampanga where he has been holding out for 10 years since he eluded arrest for fraud and money laundering case filed against him by 80 individuals in California.

According to NBI Foreign Liaison Division Chief Daniel Daganzo, Suacon was a subject of an extradition request by the US Federal Bureau of Investigation for duping investors.

"He (Suacon) stands as an accused in a county court in California but while facing trial, he flew back to the Philippines. Since then, he went into hiding," Daganzo said.

Daganzo said the US Embassy in Manila has asked the Philippine justice department for assistance early this week after a local court in Manila ordered Suacon's arrest.

Daganzo said they were able to trace the whereabouts of the fugitive through the information passed on to them by the FBI. NBI operatives immediately went to Pampanga to arrest Suacon.