Fraud Shuts Down Respected Stock Brokerage Firm
3 MIN READ R and L Investments, a stock brokerage firm situated in Mandaluyong City, stopped all trading operations on November 4, 2019 following the revelation they had been defrauded for hundreds of millions of pesos. The mastermind of the long-running scam was a long-time employee, who single-handedly shut down the 50-year-old company with his scheme. A Fortune Lost …