Don Chiyuto: scammer preys on hapless victims in Capiz (with help from Korina Sanchez-Roxas)


Patrocenio Calvez Chiyuto shot out of nowhere to emerge the most talked-about person in the Province of Capiz and its capital, Roxas City. Two weeks ago, Ms. Korina Sanchez (or Mrs. Mar Roxas) did a feature segment about him on her YouTube channel, calling him “Mr. Solve”. She depicted Chiyuto, more popularly known as “Don Chiyuto”, as an angel from heaven who has been helping poor people with their problems. Ms. Sanchez coined the phrase, “Problema mo, sagot ko” to describe this man who is now raking in millions of pesos every day from gullible victims in the province where I grew up. Chiyuto runs the “Chiyuto Creative Wealth Document Facilitation Service” or “CCWDFS”. It is the latest scam to hit the country, with Capiz at the epicenter.

Last night, I did a livestream on YouTube to expose the activities of this wolf in sheep’s clothing. I compared him with Pastor Joel Apolinario, Norman Mangusin (a.k.a. Francis Leo Marcos) and Rickne Jacala, among others. I showed them the similarities in style, especially in the display or flaunting of expensive cars, houses and jewelry to tantalize would-be victims. Sad to say, the tactic always works, and no amount of explanation that their schemes are a scam can discourage many victims.

The Securities and Exchange Commission (SEC) issued an advisory on August 18, 2020 informing the public that Chiyuto’s CCWDFS is not registered with the agency. Neither is the investment scheme registered or licensed. In short, it is illegal. And the “double your money” promise is a classic scam that has victimized tens of thousands of Filipinos. Hence, those who insist it is not a scam can proceeding at their own risk. They have been informed about the fraudulent nature of the scheme.

There’s just one point I would like to emphasize to the victims who continue to believe they receive a manna from heaven. Look at the document issued by Chiyuto.

At first glance, it looks like a post-dated check to guarantee payment to the investor. But it is not. It is not issued by a bank. The heading shows that it is a “check voucher” issued by CCWDFS and signed by Chiyuto. On the upper left hand side, there is a stamp “A/C payee only”, a term used in checks. It is also denominated as a “check” with a corresponding number on the lower left side. Clearly, it is designed to deceive and mislead the public, and give a sense of assurance that their money, with the fantastic ROI, will be returned.

However, it is a mere scrap of paper. The “investor” cannot deposit it on the date appearing on the document. It is not a promissory note. It does not acknowledge that Chiyuto got money from the “investor” in the first place. Hence, Chiyuto wisely sidesteps the possibility of being charged for estafa. A voucher is just that: a voucher. It is a document used by businesses for recording purposes of their financial transactions, especially disbursements. It cannot be used as evidence that they were duped.

About Manuel "Boy" Mejorada
Manuel "Boy" Mejorada is a journalist and social media activist. A former Iloilo provincial administrator, he is now waging a crusade against corruption and narco-politics.

One Response to Don Chiyuto: scammer preys on hapless victims in Capiz (with help from Korina Sanchez-Roxas)

  1. Emalyn Atienza says:

    Gapinabuang kalang hambal mejorada, ngaman siraan mo c doc chiyuto k wla ina sya dre may na biktima, indi na sina maisip iya binuligan kg nhatagan paglaum dre sa capiz.
    Muna lang gani nga tawo ( don chiyuto) ang gahatag bulig nga wla gapaabot sang kabaylo. He has a genuine heart unlike you!

    Like

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