Recently, the Philippine National Police reported that members of the CRIMINAL INVESTIGATION Team CIDG last week raided Oasis Hub, a company suspected of being involved in a cryptocurrency scam in Mabalacat, Pampanga Province, arresting 93 staff members and executives, seizing 159 desktop computers, 7 laptops, 554 mobile phones, and a large number of documents related to oasis hub operations.
Those arrested included Oasis Hub managers Richard and Connie Tan Chen, as well as 91 Chinese employees.
Police said Oasis Hub employed filipinos who created fake social media accounts with photos of models or beauties stolen from Facebook or Instagram and then portrayed themselves as wealthy models, luring unwitting victims to invest. According to the investigation, this platform is manipulated by the Chinese citizens behind oasis hubs, and the head of the group, Wang Mou, has also been locked, and the police are still pursuing.
Major General Albert Ignatius D. Ferro, director of the Criminal Investigation Unit, said the operation was a report from an insider about the fraudulent activities of Oasis Hub, ostensibly a licensed provider of outsourcing services for business processing for offshore gaming businesses, but the company was involved in cryptocurrency investment fraud, which is completely different from the services the company was authorized to provide.
Police technicians also found digital evidence supporting the fraud allegations during on-site inspections: including the extraction of fake social media accounts from Oasis Hub electronic devices, transcripts of communications with the victims, company websites, trading platforms, transaction records, and victim profiles.
In addition, 126 Filipino employees who served as customer service representatives for Oasis Hub voluntarily submitted testimony against the company's management. They were charged with violating section 26 (fraudulent trading) of the Philippine Securities Regulation Act, Republic Act No. 8799, and on January 11, the charges were filed with the Mabalacat City Prosecutor's Office.