Binondo - Scandal Target

In 1987, the Presidential Commission on Good Government (PCGG) alleged that high-ranking officials under the Marcos administration organized major black market currency traders into an illegal network known as the Binondo Central Bank.

: To trick sophisticated targets, syndicates construct elaborate physical setups inside residential condominiums. These units house fully operational live workstations juxtaposed with rows of high-end counterfeit luxury items. This creates an illusion of a legitimate, booming trading business during video calls or verification checks. binondo scandal target

Authorities have identified and charged several Chinese nationals. A suspect identified as "" was arrested and tagged as the alleged mastermind. In 1987, the Presidential Commission on Good Government