Ken Chan facing arrest warrant for syndicated estafa
Authorities are now attempting to serve a warrant of arrest to actor Ken Chan following his syndicated estafa case.
Philippine National Police authorities attempted to apprehend GMA star Chan at his Quezon City residence on November 8, but he was not found at the premises.
One of the complainant’s lawyers, Atty. Joseph Noel Estrada, said in a brief interview with reporters that Chan was involved in an "investment scam" that became the basis of the charges.
"Nakitaan ng piskalya na maiakyat po sa korte, makasuhan ng syndicated estafa si Ken Chan kasama 'yung co-accused," Estrada said.
Syndicated estafa is defined as swindling "committed by a syndicate consisting of five or more persons formed with the intention of carrying out the unlawful or illegal act, transaction, enterprise or scheme, and the defraudation results in the misappropriation of money contributed by stockholders."
Violators may be penalized with life imprisonment.
According to Estrada, Chan allegedly asked for P14 million from his clients to invest in a restaurant business and promised them 10% interest from the earnings every month.
However, his business had shut down and the local star suddenly disappeared on his clients, which led to the charges against him and seven others.
Estrada said this is the second time authorities have attempted to serve him the warrant of arrest after failing to locate him back in September earlier this year.
While Chan has yet to comment on the issue, he remains active on social media. He recently shared a picture of himself on his Instagram account from an undisclosed location, with the caption, "Mindset is everything."
He also posted a close-up picture of the Statue of Liberty, which is located on Liberty Island in New York City. Another picture showed him enjoying a plate filled with fruits with the caption, "Good morning," but it's unclear whether these were taken recently.
Chan is known for starring in the romantic drama series My Special Tatay, where he was paired with Rita Daniela. His other projects include Destiny Rose and Meant to Be.
