Quantcast
Latest Stories

Teacher, church members victimized by pyramiding scam


A RETIRED teacher was  hospitalized, her health affected by worries about how to get a refund from her investment in the  Aman Futures Group Philipines Inc. A married couple ended up quarreling.

These were just some of the cases mentioned by Bishop Antonio Nercua Ablon, diocesan bishop of Pagadian City of the Iglesia Filipina Independiente (IFI) in the aftermath of a “get rich quick” deal that turned out to be a  scam.

In a phone interview, Bishop Ablon told Cebu Daily News that more than 10,000 people were victims of the investment  scheme which the Securities and Exchange ordered stopped.

Most of them were his parishioners, Ablon said.

The pyramid  scheme was disclosed by Interior and Local Governments Secretary Mar Roxas in a press conference in Cebu last Friday.

Ablon said the retired  public school teacher in Dinas, Zamboanga del Sur  had invested nearly half a million pesos of her retirement benefits in the scheme.

She was an  active church member but stopped attending activities  because of her depression over losing  her hard-earned money.

“It gave people false hope…The others borrowed money just to invest,” Ablon said.

He encouraged  their pastors to conduct counseling sessions for the victims.

“Life must go on. They should not lose hope, they still have a future,” he said.

Interior and Local Governments Secretary Mar Roxas said he was coordinating with local police and the National Bureau of Investigation in Central Visayas (NBI- 7) to locate Manuel Amalilio, chairman of the Pasay-based trading firm Aman Futures Group Philippines Inc.

The NBI traced Amalilio’s address to 99 Espina Village B. Rodriguez Extension in Cebu City and placed it under surveillance.

He remains out of sight.

Other persons involved in the scam were identified as Cebuana Lelian Lim Gan, Fernando Luna of Pagadian City, Eduard Lim, Naezelle Rodriguez, William Fuentes and Lurix Lopez (not Hazel Lopez as earlier reported).

Secretary Roxas said there were many complainants, but at this stage the case has not “matured” to the point of filing a case.

He said Amalilio could already be in Malaysia by now based on some reports.

Roxas said he is coordinating with Justice Secretary Leila De Lima for a hold departure order to be issued against Amalilio and others involved in the scam.

A joint task force with the PNP will be formed to catch Amalilio, who was described as a Filipino of Malyasian descent. Correspondent Carmel Loise Matus


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Cebu , Crime , Pyramid Scam




Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. Henares on Pacquiao bashing: I did not start this
  2. ‘Mom, I love you,’ says text from student on sinking ferry
  3. ‘No real progress in PH if dynasties not dismantled’
  4. Massive infra spending set
  5. More legal woes for Cedric Lee
  6. Kim Henares needs a reprimand, says Cayetano
  7. Passengers denied chance to escape sinking South Korea ferry
  8. South Korea president shouted down by distraught parents
  9. Two Popes who would be saints
  10. Lacson’s wife loses diamond earring to thieves but recovers jewelry quickly with police arrest
  1. Kim Henares needs a reprimand, says Cayetano
  2. Suspect in Vhong Navarro mauling tries to leave PH
  3. Fr. Suarez says last Mass on Easter before returning donated land to San Miguel
  4. MH370 co-pilot made mid-flight phone call – report
  5. More legal woes for Cedric Lee
  6. I’ll follow my conscience on Estrada, says JV Ejercito
  7. ‘Wife of Jesus’ theory papyrus not fake – Harvard study
  8. Gay college instructor arrested for oral sex with student
  9. ‘No real progress in PH if dynasties not dismantled’
  10. Palace: We can’t blame increase in population on Vitangcol
  1. KL confirms Malaysian Airlines Flight MH370 ended in Indian Ocean
  2. MRT passengers pass the hat for 6-year-old Ashley
  3. Pork payoffs to newscasters Erwin Tulfo, Del Prado, others bared
  4. Rookie, lady cops lauded for quick response to MOA heist
  5. Model Helena Belmonte wished ‘to slash her wrist and hope to die’
  6. Malaysia averts another air tragedy; pilot lands troubled plane safely
  7. Revilla says he was joking; Lacson stands by his story
  8. Revilla ‘consulted’ Lacson on how he evaded arrest
  9. Police rule out foul play in Helena Belmonte’s death as boyfriend is ‘traumatized’
  10. Cudia, dismissed for lying, got 99% in conduct
Advertisement

News

  • 12 dead, 96 injured in Holy Week accidents–NDRRMC
  • Filipino devotees re-enact crucifixion of Christ
  • Rouhani talks peace, outreach at army parade
  • Rains, thunderstorms on Good Friday
  • Carbon monoxide leak suffocates 20 in Catbalogan City
  • Sports

  • Ryu pitches Dodgers past Giants
  • Alonso sets the pace in Chinese GP practice
  • Heat seek Three-peat but Spurs, Pacers top seeds
  • Can Spurs get back at Heat? Can they survive West?
  • Hopkins, 49, seeks win for the ageless
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Whoopi Goldberg debuts as marijuana columnist
  • ‘X-men’ director accused of sex assault on teen boy
  • Cannes film festival launches race for 2014 Palme d’Or
  • Business

  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Barbie doll has a problem
  • Oil prices mixed ahead of long Easter weekend
  • Technology

  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Filipinos #PrayForSouthKorea
  • Taylor Swift tries video blogging, crashes into fan’s bridal shower
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • WHO warns vs spread of MERS-Cov, urges vigilance in taking precautions
  • Last call for nominations to ’14 Presidential Awards
  • San Francisco business coalition slams proposed tax on sugary drinks
  • A ‘time-travel’ production of ‘Les Miserable’ at Stanford
  • Filipina Maryknoll sister honored for years of service
  • Marketplace
    Advertisement