Small entrepreneurs alerted vs counterfeit peso bills

first_imgOne easy way to determine if banknotesare genuine and not altered is by checking the watermark by viewing thebanknote against the light from either side. According to Guimbal police chiefPolice Lieutenant Colonel Nelson Caro, Garillo had them compare the two fakeP500 bills; they were similar. Omar was detained at the Guimbalpolice station. She faces a charge for violation of Article 168 of the RevisedPenal Code (illegal possession and use of false treasury bank notes) and forestafa. Of particular concern to BSP-Iloiloare sectors of the economy most vulnerable to fake money – small-time traderssuch as vendors./PN In November 2019 over 50 pieces offake P500 bills were seized in Barangay San Isidro, Jaro, Iloilo City. The PRO-6 will be investigating Omar,said Malong. Garillo told the Guimbal police Omarwas the second person to pay her fake P500 that day. ILOILO City – Beware of counterfeitpeso bills, the Police Regional Office 6 (PRO-6) alerted small entrepreneurssuch as sari-sari storeowners andvendors. “To us, this means there could likelybe a group spreading fake money. Ga-operatesila sa mga banwa para indi mabal-an ngafake ila kwarta,” said Caro. The BSP called on the public to reportany information on currency counterfeiting to the nearest police station or lawenforcement agency, for appropriate action. It issued the warning following thearrest of a woman at the public market of Guimbal, Iloilo after paying a storewith what the owner later discovered to be a fake P500 bill. The 24-year-old Mailen Omar fromCotobato province was arrested at 9:15 a.m. on Monday after buying some itemsfrom the store of Rosita Garillo at the Guimbal public market.   “Based in our intelligence monitoring,may ara gid man naga-operate pero indi gid daku nga sindikato, mgamagagmay lang nga mga grupo,” said Malong. BSP said people should carefully feel,look and tilt the banknotes to check the identifiable security features. “We reminde storeowners to scrutinizethoroughly the money being paid them. Some people use fake money,” said PoliceLieutenant Colonel Joem Malong, PRO-6 information officer. Malong said the PRO-6 has notmonitored an organized fake money syndicate in Western Visayas. The Bangko Sentral ng Pilipinas (BSP)Iloilo branch urged the public as early as two months ago to become familiarwith the various security features of the Philippine currency to avoid beingvictimized by those spreading counterfeit peso bills. The watermark in the blank spaceshould be the same image as the portrait on the banknote and denominationalvalue. A street vendor counts peso bills above her makeshift stall. BLOOMBERGlast_img read more

Lakers’ Steve Nash open to help with free-agent pitches

first_imgOKLAHOMA CITY >> His arrival in Los Angeles three years ago once set off fireworks, the latest sign that the Lakers could return to championship glory by landing another superstar.But after frustrating the Lakers as a member of the Phoenix Suns, Steve Nash never provided a stunning sequel to “Showtime” with his nifty passes that earned him two NBA MVP awards. Instead, Nash played only 65 games through two seasons and missed the entire 2014-15 campaign amid overlapping nerve issues in his left leg, back and hamstrings. The move may have cost the Lakers $28 million and four draft picks. But Nash still left relishing his Lakers experience because of the front office and training staff providing endless support. So much that Nash said he would help with any free-agent pitches this offseason.“Who knows what the future holds, but I’d love to see the franchise come back in full form,” Nash said at a press conference on Tuesday at the Lakers’ practice facility in El Segundo. “I’m definitely open to helping out.” The Lakers will have enough cap space to pursue a marquee free agent at a max-level contract beginning in July. That might mark the team’s only significant rebuilding tool if it does not land a top five pick. Incidentally, the Lakers will owe any pick that drops out of that slot to Philadelphia as part of the Nash deal with Phoenix. But before that happens, Nash said he will stay active in informally mentoring some of the Lakers’ young players.Nash has mostly held film and workout sessions with Lakers rookie guard Jordan Clarkson. But Nash also added he has mentored Lakers rookie forward Julius Randle and forward Ryan Kelly.“I’m always ready to work with any of the guys,” Nash said. “But they’re so busy. They’re all battling through their own situations and travel. I’m here. It’s harder for them to get the time.”Kelly said he worked out with Nash twice to improve his “biomechanics” after suffering from hamstring injuries earlier this season. “He was helping me with how to use my hips,” Kelly said after the Lakers’ 127-117 loss to the Oklahoma City Thunder on Tuesday at Chesapeake Energy Arena. “He brought stuff that is normally done in the weight room and connected it to basketball.”Clarkson said he and Nash plan to work out together sometime after the Lakers conclude their five-game trip next Monday. As far as the rest of Nash’s future? That seems less definitive beyond his plans to stay at his Manhattan Beach residence and remaining the general manager of the Canadian men’s basketball team.“Six or 12 months from now, I might have an answer for you,” Nash said. “It’s important for me to get some distance, to clearly evaluate what’s next.”Medina reported from Oklahoma City. Whicker reported from Los Angeles.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more