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Fake gold bar fetches P1.15M

CHRISTMAS is near, but even gold could have a false glitter.

The Manila police nabbed one of two brothers who duped a Korean national into giving them 1.15 million pesos in exchange for a fake gold bar in Manila.

Jung Pil Yoon, 59, currently billeted at La Coronas Hotel, at 1166 M.H. Del Pilar corner Arquiza St. Ermita, Manila, accused brothers James, 41, and Jessie Barcelona, both of M.H. del Pilar Compound, Barangay dela Paz, Antipolo City, of duping him, said detective Vicente Noriega, of the Western Police District General Assignment Section.

Yoon said he gave the brothers 23,000 dollars in exchange for a gold bar but the two siblings were not able to produce a trace of the fabled gold.

He asked for help from the police, who found James behind bars at the WPD Theft and Robbery section. He had been arrested for swindling, Noriega said.

Yoon said the victim met the two brothers at the Mandarin Hotel in September. They allegedly promised him a 24 karat gold bar, weighing 6.2 kilograms.

The suspects sweet-talked Yoon into agreeing to the deal. The victim said he gave the two brothers 23,000 dollars on Oct. 10 at the La Corona Hotel in Ermita.

Yoon presented to the police a receipt for the 23,000 dollars, which was signed by Jessie.

"Actually, it was James who received the money. But they told me not to worry because they said they were not going to fool me," Yoon said.

He said the two men told him that he would have the gold by Dec. 15 because they were going to get the bar from Hong Kong. The 23,000 dollars was allegedly for "mobilization travel expenses."

But Dec. 15 came and went but the fabled gold did not materialize. The suspects then claimed that the money Yoon gave was not enough, Noriega said.

"Starting that day (Dec. 15), I began telling them to return the money until James promised to return it on Monday," Yoon said.

But when Yoon and his girlfriend Corazon Raganit went to the brothers' office at Room 303 San Carlos Mansion, Ermita, Manila, the two men were nowhere to be found.

They then went to the police and discovered that James had been arrested for swindling after he allegedly got involved in a "Budol-budol" scheme.

Detective Ed Moran showed the Inquirer a photo of Jessie, who is still at large and is now the subject of a police manhunt.