Syndicated Estafa Case: Neri Miranda's Skincare Scam Exposed!

 

The syndicated estafa case was filed against Neri Miranda and several others because they allegedly enticed investors to put millions of pesos into a skincare business that was not authorized to solicit investments. The investors were promised high returns and other benefits, but the business eventually failed to pay them, leading to bounced checks and a lack of communication from the company's management. The Securities and Exchange Commission (SEC) issued an advisory stating that Dermacare-Beyond Skincare Solutions was not authorized to solicit investments, which further corroborated the investors' claims.