Actress Neri was arrested for alleged fraud and violations of the Securities Regulation Code. She faces charges under Presidential Decree 1689 and 14 counts of violating Section 28 of Republic Act 8799.
An actress named Neri was arrested by authorities reportedly for fraud and violations of the Securities Regulation Code . According to the Southern Police District, the 41-year-old actress and businesswoman was arrested in a basement convention center inside a mall in Pasay City on November 23.
She is accused of fraud under Presidential Decree 1689, which includes syndicated fraud 'committed by a syndicate consisting of five or more persons formed with the intention of carrying out the unlawful or illegal act, transaction, enterprise or scheme.' Syndicated fraud is a result of the misuse of money contributed by stockholders, members of cooperatives or associations, or from the public. She is also facing 14 counts of violating Section 28 of the Republic Act 8799 or the Securities Regulation Code, including provisions for the registration of brokers, dealers, salesmen, and other related persons. Although the police have not fully identified the actress's role, GMA News Online has tried to contact Neri Naig for comment but received no response at the time of writing the article
Neri Fraud Securities Regulation Code Presidential Decree 1689 Republic Act 8799 Arrest Syndicated Fraud
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