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Estafa is Spanish for fraud or criminal deception, from the word Estafar meaning to swindle

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What is a large scale estafa in the Philippines?

One example of a large-scale estafa in the Philippines is the multibillion-peso investment scam perpetrated by Aman Futures Group in 2012. The company promised high returns on investments but eventually collapsed, leaving thousands of investors defrauded and billions of pesos unaccounted for. This case highlighted the need for stricter regulations in the financial industry to protect against such schemes.


Is syndicated estafa a heinous crime?

Yes, syndicated estafa is considered a heinous crime as it involves a large-scale fraudulent scheme that typically affects numerous victims, often leading to significant financial losses. This crime is characterized by deceit and conspiracy among multiple individuals or entities, making it particularly egregious. The impact on victims can be severe, both financially and emotionally, which is why it is treated with strict penalties under the law.


Is swindling can be considered as estafa case?

Yes, swindling can be considered estafa, because swindling is committed by a person who defrauds another by means of cheating or stealing. Estafa on the other hand is committed by a person who defrauds another by means of unfaithfulness or abuse of confidence. therefore Swindling and estafa is committed by means of "deceit".


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