SHORT REPRIEVE  Suspect in P400-M ‘double money’ posts bail anew  

The suspect in an estimated P400 million ‘double your money’ scam gained temporary freedom anew when she posted bail Monday morning after she was arrested by the Davao City Police Office’ anti-scam unit on September 15.

The Investigation and Detective Management  Branch (IDMB) of DCPO identified the suspect as Maria Elma Grace C. Corona, 26 who is from Panabo City, Davao del Norte.

Police report bared that Corona was arrested by authorities through three search warrants issued by Regional Trial Court Branch  15 Judge Mario Duaves against her for estafa.

The report stated that the suspect was nabbed at the Casino Filipino in Lanang, Davao City around 9:00 a.m of September 15.

However,  Corona posted bail bond of P72,000 Monday  morning before the RTC for the total of P72,000 bail to gain temporary freedom.

The IDMB-DCPO immediately released Corona after the bail was processed in the court.

On January 17, the suspect was arrested for the alleged P400 million ‘double your money’ scam in a fast food chain near Davao International Airport.

The police filed a large scale estafa ( a charge that ruled out bail) but it was downgraded to simple estafa that pave way for her temporary freedom.

Reports bared that Corona promised to her victims to double their money which they invested to her lending company for a fast return but which they failed to realize.