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Two Cameroon Nationals Arrested in Cryptocurrency Scam

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PACC_NBI_Entrapment_Ops_on_BIR_Investigators-June-25-2018-07.webp

File photo for reference only

 

Two nationals from Cameroon, Vitalys Awa Njinwa and Pensiga Derick Sama, have been apprehended in Pampanga for allegedly defrauding a South Korean of P42 million in cryptocurrency. They were captured during an entrapment operation by the National Bureau of Investigation (NBI) in coordination with other local authorities. Following their arrest, they were charged with robbery, extortion, and estafa at the City Prosecutor’s Office in Mabalacat, Pampanga.

 

The case began with a complaint from a Korean national who was misled into transferring 731,750 USDT, equivalent to approximately P42,441,500. This scam was part of a fabricated plot around a supposed Gold Transport Operation from Kenya to South Korea. The victims were charged for items like customs processing and cargo insurance, which were fabricated costs.

 

To legitimize the scam, the suspects allegedly used false documents, including landing permits and air waybills, alongside bogus evidence of gold bars stored at the Bureau of Customs-Port of Clark. However, the Bureau of Customs certified these documents as unregistered and falsified. Furthermore, an additional demand of $1,000,000 was made under the guise of a bribe, prompting the victim to seek the NBI's assistance.

 

The suspects' arrest highlights an ongoing issue with fraud surrounding cryptocurrency investments and false documentation. Experts note this case underscores the vulnerabilities in digital transactions and the ease with which scammers can exploit these platforms. The arrest was a collaborative effort and has heightened awareness of such scams in the region.

 

Looking forward, the suspects will face legal proceedings in Pampanga, where the judiciary will determine the legal repercussions. This case has shone a light on the need for increased vigilance and regulatory measures within the cryptocurrency domain to prevent such incidences. Authorities are expected to tighten security and possibly introduce new regulations to safeguard against similar scams in the future, reported Manila Bulletin.

 

Key Takeaways

  • Two Cameroon nationals were arrested for a P42 million cryptocurrency scam.
  • The scam involved fake documents and charges related to a gold shipment.
  • Legal proceedings are underway, highlighting a need for tighter crypto regulations.

 

Related Stories

FBI & Thai Police Recover Cryptocurrency From European Hacker

South Korean Arrested for Laundering Cryptocurrency into Gold

 

image.png  Adapted by ASEAN Now from Manila Bulletin 2025-11-27

 

 

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