Practice question
What role does the investor’s reliance play in the deceit-based estafa examined in Baladjay?
- Reliance is expressly irrelevant to that predicate.
- A refusal to invest proves completed deprivation.
- The false pretense must induce the investor to part with money or property.
- Every honest business forecast establishes criminal reliance.
- Only the accused’s opinion about the investor matters.
Legal references
- People v. Baladjay, G.R. No. 220458, July 26, 2017, main decision, deceit, Ponzi operation and participation evidence under PD 1689: https://lawphil.net/judjuris/juri2017/jul2017/gr_220458_2017.html
- PD 1689, Section 1, covered syndicated swindling: https://lawphil.net/statutes/presdecs/pd1980/pd_1689_1980.html
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