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Be Careful Who You Scam On Bohol

Fact or fiction: True or not: Yes or no: Bohol Mayor out to kill a suspected scammer?

The story about the alleged financial scam perpetrated in Bohol victimizing some Boholanos takes a new twist which is both interesting and dangerous.

Vocal provincial administration critic Emmanuel “Willy” Ramasola claims that he received information that allegedly a town mayor, which he did not identify, has already hired and sent a paid assassin to Manila and reportedly having the instruction to hunt down the alleged financial scam suspect—Niño Jedeaiah Ramos.

“This is getting very, very interesting and dangerous because a town mayor in Bohol is said to have sent a hired killer already to Manila to hunt down Jed Ramos,” Ramasola claims in his Facebook post on Saturday, Mar. 27, 2021.

The vocal critic posed questions related to the alleged plan of the unidentified Bohol mayor to assassinate Ramos.

“Is it to kill Jed Ramos for what he has done or is it to silence him for what he knows? Is there a mastermind behind Jed Ramos?” Ramasola posited.

Moreover, Ramasola said he is also eager to learn more about the alleged caper and the true story behind the alleged assassination plot, if indeed it is true.

The allegations surfaced after Ramasola deviated from his usual tirades against Gov. Arthur Yap and discussed the alleged financial scam that rocked Bohol where reportedly investors were duped of millions of pesos.

Allegedly, the investors in the scam were some Bohol businessmen, some politicians, mostly town mayors, and some overseas Filipino workers.

Ramasola, in his post, said that he did not want to discuss the issue out of “courtesy” to his “classmate who is a former Bohol provincial administrator and campaign manager of the Governor and is allegedly linked to this issue [financial scam].”

While Ramasola did not categorically identify the person he is referring to, however, the indications point to the person of former Provincial Administrator Alfonso “Ae” Damalerio II.

As he tried to avoid discussing the scam issue, Ramasola said he has been getting information from sources with the aim of shedding more light into the issue.

“However, more and more people are providing information that could help shed light on the company and the personalities behind this scam so that hopefully investors can be guided on who to run after in order to recover their money,” Ramasola wrote in his post.

He then shared a digital copy of the Certificate of Incorporation from the Securities and Exchange Commission (SEC) of Naxpro Pacific Securities Inc. (Naxpro)

Naxpro, based on the certificate, is not allowed to solicit investments from the public without a secondary license. The SEC reportedly denied Naxpro’s application for a secondary license.

Ramasola, in a separate post on Saturday, showed that the SEC Informed one of the company officials of Naxpro about the commission’s objection to the company’s application for a secondary license.

“This secondary license would have given NaxPro the authority to collect investment from the public. However the company has not complied to many of the requirements including lack of capitalization, absence of independent members of the board of directors, absence of a compliance officer, and so forth. Also, the company claims to be getting contracts under the name and logo of FxPro foreign exchanging trading company in London. However an attached document shows that upon checking with FxPro, the London based company denies any existence of operations in the Philippines,” Ramasola wrote in his social media post.

This led Ramasola to ask,” Aside from Rogelio Arquillo and Jed Ramos, we may need to find out who else sits on the board. Are there other persons and companies affiliated with Naxpro?”


In Feb. 2021, reports surfaced that Ramos allegedly embezzled millions of pesos from investors who were promised huge profits of as much as 23% after 30 days.

It was reported that the suspect allegedly carted away at least P300 million in investments.

The investment scheme, which appears to be a foreign exchange operation, turned sour when the alleged perpetrator, Ramos failed to release the gains/profits of the investors.

Reports add that complainants already sought the help of the Criminal Investigation and Detection Group (CIDG) to file a formal complaint against the suspect.