COA en banc has ordered the audit reports to be turned over to the Ombudsman to determine possible criminal charges against those liableCOA en banc has ordered the audit reports to be turned over to the Ombudsman to determine possible criminal charges against those liable

Gardiola brother’s infra projects in Davao City overpriced, substandard — COA

2025/11/25 19:02

MANILA, Philippines – Two projects undertaken by E. Gardiola Construction — a firm registered under the brother Erwin of Construction Workers Solidarity (CWS) Party-list Representative Edwin Gardiola — were found overpriced and substandard by state auditors. 

The Commission on Audit (COA) earlier disallowed the payments made by the Department of Public Works and Highways Davao City District Engineering Office (DPWH-DEO) to the company for their work in the following areas: 

  • San Pedro, Jacinto Street, M. Roxas Avenue Extension, Poblacion Road – project prize: P19.287 million, overpriced by 126.48% 
  • Ecoland Drive-Matina Road – P19.289, overpriced by 157.63%

On Tuesday, November 25, COA sustained the notices of disallowance in two separate decisions, also affirming that the DPWH officials in Davao City should be held liable for making the disallowed payments for the road rehabilitation projects awarded in 2009. 

While E. Gardiola Construction was given 90 calendar days to finish the road rehabilitation, it finished the first and second projects in 62 and 28 days, respectively. It then received the payment on the same day, February 12, 2010.

COA Region 11’s special audit team noted that the contractor violated the DPWH’s planning standards when it didn’t indicate measurements and landmarks in the plans. 

“Actual inspection of the project revealed that guardrails, road signs, pavement studs, and foundation blocks were deficient and sub-standard,” the auditors said. 

Auditors found, for instance, that E. Gardiola Construction listed as accomplishment the installation of 133 guardrail sets when those were already in place even before it started the rehab works on Poblacion Road. 

COA said the following are liable for anomalous projects: 

First project:

  • DPWH-Davao City district engineer Lorna Ricardo
  • Assistant district engineer Milagros delos Reyes
  • Engineer Dwight Vincent Fernandez
  • Engineer Eduardo Villar
  • Engineer Johnny dela Pena
  • Engineer Lilibeth Sarmiento
  • Project inspector Francisco Pilapil 
  • Contractor E. Gardiola Construction

Second project: 

  • Lorna Ricardo
  • Milagros delos Reyes, 
  • Dwight Vincent Fernandez
  • Eduardo Villar, 
  • Lilibeth Sarmiento
  • Engineer Alfredo Caballero Jr. 
  • E. Gardiola Construction

COA en banc ordered the audit reports to be turned over to the Ombudsman to determine possible criminal charges against those liable. 

Congressman Edwin Gardiola himself is being investigated by the Ombudsman for anomalous DWPH contracts. – Rappler.com

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The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
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BitcoinEthereumNews2025/09/18 09:14