Woman nabbed for alleged P130-M investment scam

Rambo Talabong
Woman nabbed for alleged P130-M investment scam


Margarita Huang and her family are accused of duping hundreds of investors in 2016

MANILA, Philippines – The Philippine National Police (PNP) Criminal Investigation and Detection Group (CIDG) arrested a woman for allegedly leading a P130.5-million investment scam.

Margarita Huang, also known as “Irma Pascual,” had 3 warrants of arrest and 12 counts of estafa hanging over her head before she was cornered by cops in a Quezon City condominium complex last Thursday, May 24.

Huang’s family and an aide allegedly scammed hundreds of investors in 2016, promising them big returns for investing in a lending company.

They issued a total of 423 unclaimable checks amounting to P130.5 million.


How the scam worked: According to dozens of victims who watched the PNP’s presentation of Huang, she and her family required a minimum cash deposit of P250,000. 

Depending on the value, the family supposedly promised “high returns” for anyone who could shell out the high amount.

According to one of the victims who refused to be named, Huang apparently went to church at the Sta Maria della Strada Parish in Quezon City.

There, she allegedly also tricked dozens of church mates into investing – couples, families, singles, and apparently even family drivers.

The PNP believes there are more victims of the Huang family, and called on them to submit complaints at the CIDG office in Camp Crame. – Rappler.com

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Rambo Talabong

Rambo Talabong covers the House of Representatives and local governments for Rappler. Prior to this, he covered security and crime. He was named Jaime V. Ongpin Fellow in 2019 for his reporting on President Rodrigo Duterte’s war on drugs. In 2021, he was selected as a journalism fellow by the Fellowships at Auschwitz for the Study of Professional Ethics.