Suspect in pyramid scam arrested

One of the suspects involved in a pyramid scam was arrested by operatives of the Criminal Investigation and Detection Group (CIDG) in Northern Samar on Saturday, almost a year after she went into hiding.

CIDG deputy director Senior Superintendent Nicasio Radovan identified the suspect as Teofines Cebujano, a known consultant of "pyramiding queen" Maria Teresa Santos, of the MTS Trading Corp.

Radovan said Cebujano is the consultant and brainchild of Santos in the pyramiding scheme which amassed millions of money from unsuspecting investors including police officials.

Complainants tagged Cebujano as the one who recruited members of the PNP Special Action Force (SAF) in Camp Bagong Diwa in Taguig to invest money in MTS. — Christina Mendez