Vance Joshua Tamayo is a 23-year-old Filipino man who was arrested on September 13, 2023, for allegedly swindling at least PHP100 million from multiple victims through a cryptocurrency scam. He calls himself the “crypto king” and claims to be a cryptocurrency genius who can offer high returns on investments.
However, his scheme unraveled when his clients realized that he had cut off communication with them and failed to deliver on his promises. In this article, we will explore the personal and professional life of Tamayo, as well as the details of his arrest and the charges he faces.
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Vance Joshua Tamayo, a 23-year-old Filipino man who calls himself the “crypto king”, was arrested on September 13, 2023, for allegedly swindling at least PHP100 million from multiple victims through a cryptocurrency scam. He and his associate Roggie Marl Gumangan were apprehended by the Criminal Investigation and Detection Group (CIDG) in front of a casino and entertainment complex in Parañaque City.
Tamayo claimed to be a cryptocurrency genius who could offer high returns on investments using his proprietary algorithm. He advertised his company, Crypto King Inc., on social media platforms, where he posted testimonials, earnings, and videos of his lavish lifestyle. He also appeared on several podcasts and webinars where he shared his insights and tips on cryptocurrency trading.
Age, Birthday and Parents
Vance Joshua Tamayo was born in 2000, in Manila, Philippines. Vance is currently 23 years old (as of 2023). He is the son of Mr. Tamayo, a businessman who owns several hotels and casinos in the country, and Mrs. Tamayo, a former beauty queen and model. He has two siblings a brother and a sister.
Education
Tamayo attended the prestigious De La Salle University in Manila, where he majored in computer science. He graduated with honors in 2021 and was awarded a scholarship to pursue a master’s degree in artificial intelligence at Stanford University in the United States. However, he declined the offer and decided to focus on his cryptocurrency business instead.
Career and Achievements
Tamayo started his career as a software developer at a local tech company, where he worked on various projects involving blockchain, machine learning, and data analysis. He also became interested in cryptocurrency and began investing in various platforms such as Bitcoin, Ethereum, and Binance. He claimed to have developed a proprietary algorithm that could predict the market movements and generate profits.
In 2022, he quit his job and launched his own company called Crypto King Inc., which offered cryptocurrency investment services to clients. He advertised his company on social media platforms such as Facebook, Twitter, and Instagram, where he posted testimonials from satisfied customers, screenshots of his earnings, and videos of his lavish lifestyle. He also appeared on several podcasts and webinars where he shared his insights and tips on cryptocurrency trading.
He attracted hundreds of clients who were impressed by his credentials and charisma. He offered them a monthly interest rate of 4.5% on their investments, which he claimed to be guaranteed by his algorithm. He also promised to provide them with regular updates and reports on their portfolios. He initially paid out some returns to his clients for a few months, but then he stopped communicating with them and blocked their access to their accounts.
Arrest and Charges
On September 13, 2023, Vance Joshua Tamayo and his associate Roggie Marl Gumangan were arrested by operatives of the Criminal Investigation and Detection Group (CIDG) in front of a casino and entertainment complex along Aseana Avenue in Barangay Tambo, Parañaque City. The arrest was based on the complaint of a businesswoman from Makati City who alleged that Tamayo had defrauded her of PHP11 million through his cryptocurrency scam.
The CIDG said that they had received at least 10 complaints from other victims who had collectively lost over PHP100 million to Tamayo’s scheme. They said that they had conducted an entrapment operation against Tamayo in Makati City on September 12, 2023, but he had managed to escape with Gumangan. They then tracked them down to Parañaque City where they apprehended them the following day.
The CIDG said that they had recovered several pieces of evidence from Tamayo and Gumangan, such as laptops, cellphones, bank cards, identification cards, and documents related to their cryptocurrency transactions. They also said that they were verifying reports that Tamayo had also victimized some police officers who had invested in his company.
Tamayo and Gumangan are currently detained at the CIDG headquarters in Camp Crame, Quezon City. They are facing charges of large-scale estafa or fraud under Article 315 of the Revised Penal Code. If convicted, they could face imprisonment of up to 20 years.
Vance Joshua Tamayo Wiki
| Name | Vance Joshua Tamayo |
| Birthday | 2000 |
| Age | 23 years old |
| Birthplace | Manila, Philippines |
| Parents | Mr. Tamayo (father) Mrs. Tamayo (mother) |
| Siblings | 2 siblings |
| Wife | Name Not Known |
| Marital Status | Married |
| Relationship | Committed |
| Career | Software developer, cryptocurrency trader, founder of Crypto King Inc. |
| Net Worth | Unknown, but allegedly swindled at least PHP100 million from his victims |
| @vancebj.tamayo | |
| Wikipedia | Not Available |
| Height | 5’ 8″ (172.7 cm) |
| Weight | 143 lbs (65 kg) |
| Hair Color | Black |
| Eyes Color | Brown |
| Education | Bachelor of Science in Computer Science from De La Salle University |
| Alma Mater | De La Salle University |
| Ethnicity | Asian |
| Nationality | Filipino |
Personal Life & Girlfriend
Vance Joshua Tamayo is married a lady who is a fashion designer and influencer but her name is currently not available. They tied the knot in a lavish ceremony in Boracay Island in February 2023.
Tamayo is known for his extravagant lifestyle. He owns several properties in Manila, Cebu, Davao, and Palawan. He also drives expensive cars such as Lamborghini, Ferrari, Porsche, and Rolls-Royce. He travels frequently to various destinations around the world such as Dubai, Singapore, Hong Kong, London, Paris, New York, Los Angeles, and Las Vegas.
Tamayo is also a philanthropist who supports various causes and charities. He has donated millions of pesos to various organizations such as UNICEF, World Vision, Red Cross, and Save the Children. He has also sponsored several scholarships and programs for underprivileged children and youth.
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Net Worth & Lifestyle
Tamayo’s net worth and income sources are not publicly known, but based on some clues from his social media accounts, he appears to have amassed a fortune from his cryptocurrency business. He has posted screenshots of his earnings from various platforms such as Bitcoin, Ethereum, and Binance, showing millions of pesos in his accounts. He has also tweeted about his issues with Binance, such as his withdrawal suspension and his additional documents. These suggest that he has been involved in large-scale transactions and possibly money laundering.
Tamayo has also flaunted his extravagant lifestyle on his social media accounts, where he has millions of followers. He owns several properties in Manila, Cebu, Davao, and Palawan. He also drives expensive cars such as Lamborghini, Ferrari, Porsche, and Rolls-Royce.
Height, Weight
Vance Joshua Tamayo is a young man with a slim build and fair complexion. He has black hair that is styled in a short and spiky cut, and brown eyes that are often hidden behind a pair of glasses. He usually wears casual clothes such as t-shirts, jeans, and sneakers. He also likes to accessorize with a watch, a necklace, and a ring.
Tamayo is 5’ 8″ (172.7 cm) tall and weighs 143 lbs (65 kg). He claims to be fit and healthy, and often posts photos of himself working out at the gym or playing basketball. He also boasts about his cryptocurrency earnings and his lavish lifestyle, which includes traveling to exotic destinations, driving expensive cars, and staying at luxury hotels.
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