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Thursday, January 21, 2016

Customers Lost Remittance Money After Money Transfer Business in Canada Closed Down

SR Cash Remit, a money transfer business in Calgary, Canada is under investigation after 76 people reported that their remittance money was never received by the recipients. The owner of the said business is a Filipino named Marisyel Pilande, 37 years old. Currently an arrest warrant has been issued.
Photo credit: ARYN TOOMBS / CALGARY HERALD

Police investigating the case said that the money involved is estimated to be more than $100,000. The amount lost ranges from $200 to $20,000. Investigators also said it is unlikely that these victims could recover the money even if the case goes through civil remedy. 

SR Cash Remit was acting as an agent to Family Express money transfer company. Every time that a client sends money through SR Cash Remit, the information needed to be passed along to Family Express. But on July SR Cash Remit issued 3 bounced checks with sum amount of $80,000 to Family Express.

On Dec. 2, she was charged with three counts of obtaining $5,000 under false pretenses due to the bounced checks she issued. On December 16, she was released on bail but failed to show up on court hearing. And warrant was issued for her arrest. 
Photo credit: ARYN TOOMBS / CALGARY HERALD
SR Cash Remit was petitioned into bankruptcy on November according to Hardie & Kelly Inc., who have been appointed as trustee of the bankrupt estate.
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