Mayor linked to Aman scam by 2 complainants

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The National Bureau of Investigation (NBI) has in its custody two  complainants who have linked Pagadian City Mayor Samuel Co and his wife to the multibillion peso Aman Futures group pyramiding scam, a bureau official said.

The official, who spoke to the Philippine Daily Inquirer on condition of anonymity, said the two complainants, whose names he did not reveal, claimed the mayor and his wife were directly involved in the investment scam that duped thousands of investors in the Visayas and Mindanao.

NBI director Nonnatus Rojas confirmed that two complainants, both investors in Aman Futures, submitted their statement to the NBI late afternoon Wednesday but declined to reveal details of their statement.

“We have their statements but we have yet to validate them,” Rojas said in an interview.

The source privy to the statement of the witnesses, said Co and his wife were said to have put up a separate company that operated like an authorized representative or sub branch of Aman Futures group Philippines.

“The company was called Aman Futures Group—Manila to differentiate it from the original Aman Futures Group,” the source said. He did not explain how these entities operated. It was implied that investors probably did not notice the difference between the two groups.

The complainants, the source said, had checks that showed they deposited money in the accounts of Co and his wife.

The two said they decided to come forward and seek protection from the government because they feared for their lives.

Investigators suspect up to 15,000 people, among them local government officials and law enforcers, lost up to P12 billion in the investment scam that promised to double their money.

Meanwhile, 21 policemen and two fire officers in Pagadian City filed a joint complaint of syndicated estafa against the Aman Futures Group Philippines.

The joint complaint was submitted to a special 14-member panel of prosecutors formed by the Department of Justice, bringing to seven the number of complaints against Aman Futures, according to Senior Assistant State Prosecutor Edna Valenzuela.

The policemen victimized by the scam ranged from rank-and-file patrolmen to high ranking officers—some investing as high as P4.1 million.

The 23 law enforcers were: SPO4 Garlie Macario Diamante Angelada, SPO1 Edgardo Figuracion II, SPO1 Dexter Dalena, SPO1 Rex Barnido, SPO1 Albrt Villa, SPO1 Charlemagne Lopez, SPO1 Joy Figuracion, SPO1 Suharto Calalagan, SPO1 Jimm Manuel Pactol, SPO1 Adonai Durangparang, PO3 Baden Powell Beltran, PO3 Imelda Dumon, PO3 Marcelo Andale, PO3 Grace Mantos Fosgate, PO3 Ramil Tormis, PO3 Allan Colipano, PO3 Buenaventura Fernando, PO3 Dindo Yap, PO3 Albert Leonardo, PO3 Melanie Andale Sermon. Fire Officer 3 Roy Anthony Padua, FO2 Mocalidin Enca, and PO1 Philip John Baculao.

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  • filipinaskoh

    Halatang-obvious naman na involve ung mayor. Naghugas kamay pa sa media- Nag ala Pontius Pilate. Para na rin nyang ipinako sa hirap at dusa ang kayang mga kababayan.

    The mayor should lead his constituents to “REAL” progress hindi ung sa kanya lang ang progress. Definitely the Mayor knew this is scam, but out of greed nag-give in din- ibnenta pa ang mga kababayan!

    Hay naku! Pag pera na ang umiral nawawala pati ang napakaliit na dignidad.

  • farmerpo

     “We have their statements but we have yet to validate them,” Rojas said in an interview.

    This statement is a typical seed sown to indict a person in public without due process. I don’t know the mayor mentioned but is this proper reportage? Not one of the complainants was mentioned neither the name of the person who told it to the Inquirer,nor the type of involvement said mayor in said scam played. Rule of thumb for reporters is supposed to be ‘verify verify verify before reporting.

  • joshmale2004

    There are a lot of ways the NBI can validate ownership of Aman Futures Group-Manila. 1) Check with SEC who are the incorporators. 2) Copy of DTI applications. 3) Check Mayor’s Permit issued by Municipality. 4) Get a court order to check the Bank Records who are signatories to the checking account. 5) Request AMLA to check on Bank transactions as the AMLA has the authority to audit Bank records. All of these can be done in 1 day the least. This would either clear the suspects if they are not involved or if they are directly involved. The longer NBI keep the public in the dark, this will just be another diversion to show the public they are working on the case and not sleeping. This is a very serious case and creating a fall guy just to enable them to solve the case is unacceptable.

    • Garo Ungaro

      the problem here is the money has been laundered already through the backdoor malaysia and singapore its gone!!…the investors are holding the empty bag…everybody on top makes money those who will investigate will also makes money… it’s a big amount but the poor investors they are very lucky if they can get their money back….pyramid scheme works only if there’s a contenues new investors..as long as the said interest are being paid excluding the principal things are ok…but if theres no new investors…then the problem sets in…nobody gets back their principal investments… just be realistic. its a reality check…a good lesson for people who had the gold and exchange it for a stone…

  • Magsasaka

    tinatawagan ang mga pulis na mamamatay tao ayan isalvage nyo na ang mag asawang magnanakaw na hindi lang isang tao o tatlong tao ang naging biktima iyan ay kung kaya nyo dahil mga pipitsuging kriminal lang naman ang kaya nyong isalvage

  • http://profile.yahoo.com/74DX67S5U6H557SPUXS5XZ6QJI Alisto Juan

    Yung mga pulis bantay salakay yun, naabutan lang ng due date kaya napusoy.  Katulad din yan sa nangyayari noon sa ABM scam sa Surigao del Norte, dekada 80’s na ang Prov’l Commander at mga kasamang pulis nag invest, na sa halip na 90 days pa ang due date kinuha na sa 30 days. Maraming rin naloko noon. Nagbaha ng pera noon sa Surigao pero sa huli nagbaha din ng luha. . 

  • watot

    ang mga ‘to tokmol ang pagiisip, kung mga magsasaka naiintindihan ko pa bakit sila naloko. eh ang mga to me mga pinagaralan. lahat ng mayor ng bayan basta me kumikitang kumpanya sa bayan nya meron sya, kahit hindi maki sosyo or mag invest. kaya si Co, 101% ako na kasabwat sya dyan. lokohin mo lelang mo

  • watot

    kung maipapakulong ni Sec Mar to, iboboto ko sya sa pagka presidente!!!!

  • http://pulse.yahoo.com/_NMM3BZ5SAKNWSIDYG3BSIOFNKY Stephen

    Let’s see kung meron ba talagang power si Sec. Mar dito? Hope hindi lang puro salita otherwise, forget about running for president next election. Wait & See…

    • Felix Alcantara

      Puro daldal lang din ang baklitang si Maria Roxas

  • Pogi=”No To Political Dynasty”

    Unti unti ng lumalabas na ang mga mastermind sa panloloko ay ang mga politiko at mga opisyal ng militar. Kawawang mga kababayan 

  • disqusted0fu

    Come on Mr. Roxas and Ms. De Lima, its time to work. dont tell us that you will let this get away again and say that you are powerless.

  • MonMayuga

    The Bureau of Internal Revenue should conduct a lifestyle check on Pagadian City Mayor Samuel Co and his wife, scrutinize his income tax returns vis-a-vis their capacity to earn what they presently own. If it is found out that they have accumulated so much beyond their legal means to make the increase in their possessions, they the BIR can file their case.

  • Pablo Juan

    Sabi niya he lost P2M?  and whats the name of that fireman said he ‘invested’ P15M via the mayor?

    Hay naku!!!

  • malek_abdul

    Both Mayor Sammy Co and his vice mayor Pulmones are both involved in the scam. They amassed millions of pesos. Audit them and you’ll see. The allegation of Sammy Co that he himself invested millions and was also a victim is a lie. He really did invest to entice people that it is “safe” to invest their hard earned money. He also issued a business permit so people would believe that the business was legal. The police force was also tapped by the mayor to give protection to the officials and executives of Aman especially to Manuel Amalillio.

  • http://profile.yahoo.com/MJFXCRSCXRWPLL42QQKSINC3AQ Mamerto

    Most Probably True that.., politicians and policemen may have been involved in this Aman scam.

    BUT what about supervising government agencies that are supposed to monitor and control this type of business…, what are their responsibilities…., and penalties if any?
    What is the purpose of their existence…, these government agencies…? ? ?

    Will they just go scot-free…, the same as those in charge of those Insurances, Life-plans, Educational-plans…, Memorial-plans etc etc etc.

    Where are the protection of the public? 
    Who are being charged…, &/or made responsible for these fiasco 
    (which were, in closer scrutiny, SCAMS)

  • lapasan

    How in heaven’s name can policeman invest as high as P4.1 million? Where did the policeman get that much money?

  • tukmoldinako

    Lalabas din ang lahat pati kasinungalingan ni Mayor at bise.

  • http://profile.yahoo.com/SYG36KOOLRY47VA3ICPJJ5CQTQ ADD

     Obvious n sangkot si mayor dito, hindi naman lalaki ng ganun ung kompanya kung walang basbas at pakinabang si mayor at iba pang opisyal. Automatic na ang ganyang kalakaran n kailangan makinabang ang mga opisyal sa gobyerno, kaya nga hangang ngaun mahirap pa rin tayo. Hinayaan natin silang ganyan, binoboto pa natin sa eleksyon, kaya kung meron dapat magdusa, tayo un.

  • http://twitter.com/d3marketers SAMMY

    The policemen victimized by the scam ranged from rank-and-file patrolmen to high ranking officers—some investing as high as P4.1 million.
    Hmmm…..mga multi-millioniare pala mga lispo natin, milyones pesoses calamares pala ang investments huh?!

    • tarikan

      Give and take laang yan ano, Sammy? May ilan din sa mga tao na nakangiti ngayon ang sa isp ay Big Karma. Yung milyones na yun ng say isang police officer, saan galing yun? 

      • batangsulpok

        Maraming sideline ang mga Pulis kaya kahit maliit ang sahod ay nakakabili ng mga SUV, bahay o mansion pa, napag-aaral ang mga anak sa private schools at panay pa ang shopping ng mga Misis na walang trabaho.

  • Lorebea Tamparong

    Hay Naku Sammy Co…!!!…Kung anu-anong pinapalusot mo…NAPAKALAKING IMPOSIBLE kung wala kang alam at kung hindi ka sangkot dito samantalang MAYOR ka ng Pagadian at ikaw ay nagbigay ng permit…Sino pang lolokuhin mo??? yung lolo mong panot??? buti hindi kapa tinodas ng mga nasasakupan mo samantalang alam na nila lahat na sangkot ka…WALANG HIYA KA…HAYOP!!!

  • zeroko

    Sanny Co is a Chinese. Chinese has graft and corruption in their blood. Sanny Co went further. He sterilized 1,000 indigenous tribe even before the RH Bill was enacted into law. He has committed racial extermination. Those natives number are already dwindling even before the sterilation because of hardship and their habitat devastated by illegal deforestation and mining. Now, they are given the final death wish. They will no longer have children. If you want Filipinos to disappear in the face of the earth, go vote for more Chinese in our government. Lol!

  • zeroko

    Guilty of GENOCIDE! Walang laban ang mga katutubo sa pambobola nitong Mayor Co. Kawawa talaga ang mga katutubo natin. The only way the indigenous people will surrender their ancestral land to the Chinese is to exterminate them. And Co was successful. He went through the backdoor, by sterilizing them.

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