Due to accusations of illegal foreign currency trading, the offices of Performance Foreign Exchange Corporation (Performance Forex or PFEC) at the Enterprise Building in Makati were raided yesterday, August 8, by the National Bureau of Investigation (NBI), reports the Philippine Daily Inquirer.
Armed with a search warrant from a Makati judge, NBI agents swooped down on the offices of Performance Forex at the mezzanine of the Enterprise Building on Paseo de Roxas in Makati.
They confiscated several computers, according to a bureau official who asked not to be identified by name.
He said the raid was prompted by complaints filed by several investors who claimed to have fallen victim to an investment scam perpetrated by the firm.
“We received information that the firm was illegally operating as a foreign currency trader,” the NBI source said.
The full story and related PFEC discussion in the Performance Foreign Exchange Corporation (PFEC) thread in the PMT Forum.