By the tipster's own account, off-the-books stock-chat scam crews hidden in these condos housed many workers with no valid passports or visas; after three or four months, more than 80% of his group had produced nothing and were let go. Left penniless and unable to afford rent, some fired workers partnered with local rogue police, sharing the precise locations and headcounts of these hidden rooms to stage off-the-books shakedown raids for quick cash and revenge.
Because the officers are purely in it for extortion, they deliberately avoid media exposure, while raided bosses are forced to swallow their losses in silence. With the year-end approaching, shakedowns targeting unauthorized fraud dens across Metro Manila are expected to intensify.
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