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Makati Scam Syndicate Busted: 100 Arrested in TikTok Loan Fraud Raid

Del Bacho by Del Bacho
February 4, 2025
in News
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Makati Scam Syndicate Busted: 100 Arrested in TikTok Loan Fraud Raid
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Philippine authorities just went full John Wick mode on a suspected online scam operation in the heart of Makati, arresting around 100 people in a high-stakes raid that exposed yet another cybercrime den masquerading as a “legit” business.

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Armed agents from the Presidential Anti-Organized Crime Commission (PAOCC) and the National Bureau of Investigation (NBI) stormed two offices of Wewill Tech Corp., a so-called lending agency that turned out to be running a TikTok-powered extortion racket.

How a TikTok Loan Trap Turned Into a Nightmare

The suspects? Mostly young Filipinos caught red-handed at their computers, hunting down victims across social media with promises of fast, collateral-free loans,because nothing screams “trustworthy financial institution” like a sketchy ad in your TikTok feed.

Victims were lured in with too-good-to-be-true loans of up to ₱25,000 ($428 USD), no paperwork, no hassle. But once they bit, the real nightmare began. Interest? A cool 35% per WEEK. Miss a payment, and the threats started rolling in.

PAOCC Director Gilberto Cruz revealed that borrowers who couldn’t keep up were doxxed, harassed, and publicly shamed. And if that wasn’t bad enough, the scammers made sure they had leverage; victims had to submit personal information and even family photos just to get approved.

Authorities Crack Down on Cybercrime in Makati

When payments stopped, these lowlifes allegedly sent coffins and funeral wreaths to people’s houses, straight-up pushing victims to the brink. Some were driven into severe depression. .

Now, authorities are digging into the ownership of Wewill Tech Corp., with speculation that the masterminds may not even be Filipino. Meanwhile, the United Nations Office on Drugs and Crime has already put Southeast Asia on blast as the epicenter of global scam syndicates,and this latest bust proves they weren’t wrong.

One thing’s for sure, these cybercrooks messed around, and now they’re finding out.

Tags: NBIPAOCCscamTikTok Loan
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Del Bacho

Del Bacho

Del Bacho is a seasoned columnist, fight director, and sports broadcaster with over two decades of experience breaking down the biggest moments in combat sports. Known for his sharp takes and no-BS analysis, he's been ringside for legendary bouts and behind the scenes shaping the action. Now stepping into his next role as GDaddy, he’s seriously trying to bring back that same unfiltered energy for PGMN, just with a little extra wisdom (and maybe a few more granddad jokes).

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