Witnesses bare paper trail vs mayor

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The main gate of the Aman Futures office compound remains locked in Pagadian City. PAMFILO CABONILAS JR./CONTRIBUTOR

A paper trail linking Pagadian City Mayor Samuel Co to a multi-billion-peso pyramiding scam has been produced by two witnesses now under the protective custody of the National Bureau of Investigation.

“Mona” and “Nice” (not their real names, both in their 30s) showed deposit slips and computer printout receipts showing their transactions with the Aman Futures Group-Manila, a company allegedly operated by Co.

The two submitted the documents to the National Bureau of Investigation (NBI) after they filed a complaint against Co and his wife, Priscilla Ann.

The witnesses said Co set up the Aman Futures Group-Manila after the original Aman Futures Group headed by the Malaysian, Aman Amalillio, closed down after taking P12 billion from some 15,000 investors in the Visayas and Mindanao in a fraudulent investment scheme.

They expressed disappointment that authorities have been focusing its investigation solely on the original Aman Futures Group.

“Aman Futures Group-Manila operated by Mayor came after the original Aman Futures of Aman closed shop,” they said.

They said the original Aman deducted a minimum percentage, supposedly for tax payments, from investors, while the Co operation collected tax payments and charged a service fee.

“Apart from the increased deductions, Co’s group also offered a smaller interest,” the witnesses said.

The deposit slip submitted by the witnesses showed large sums of money deposited to accounts under Sammy Co Foods, Sammy Trucking, Page Madarang and Priscilla Ann Co.

The complainants asked that the amount of the deposits not be divulged as it might help Co in tracing their identities.

“We will come out as soon as our case is filed in court,” they said.

Nice said her family is engaged in the construction business and was close to the Co family.

“We invested our family’s money because of our trust in the mayor. He and I talked personally about the investment,” Nice said.

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  • joerizal

    Patawa ang Inquirer at tinago pa sa alyas ang mga witness. Pag binasa mo ang istorya eh kayang kayang hulaan ni Co kung sino yung kalapit ng pamilya niya na na nasa construction business. Alang kuwentang journalism ito.

    • boyod

      pare yan ang tinatawag na “aiding the enemy” para mapa silence yung complainants,Simple!

    • http://www.dafk.net/what/ Kilabot ng mga Balahibo

      could be true.

      or it could be part of the counter-intelligence that could isolate the Co’s into believing their friends are turning against them.

      That way, they could no longer trust anyone, not with information nor money, so that when the cops come, they have the money in their possession and not laundered somewhere else.

      besides, don’t believe everything that you read without personal verification of the facts.

  • http://pulse.yahoo.com/_PAUOBCJOMSIYDBW4FWM53FKXJI kyle

    Very Nice reporting skills.

  • VicenteBoticol

    Sana ma-salvage ang mga hayop na kasabwat sa Aman Futures.

  • $29483279

    Hanggang Manila na pala ang scam na ito?  Eh kung mas maliit ang interest na ibinibigay nina mayor kaysa sa Aman ng pagadian, gaano ang mas maliit? Baka legal naman ang mas maliit na interest na ito..

    Ang labo naman ng press release na ito. Intention ba na reporter na ito na maghasik pa ng galit sa mga biktima ng Aman scam?

  • boybakal

    Witnesses bare PAPER TRAIL vs. MAYOR…. very hard to prove only paper.
    If it is MONEY TRAIL vs MAYOR ….easy to prove it is money.

    • watot

      kinakalawang na talaga

      • JuanTamadachi

        heh heh.. agree..

      • tarikan

        boy b. baka nababad ka sa dagat at makalawang na yang utak mo? Papintura ka muna, hane!

      • JuanTamadachi

        lol

    • joshmale2004

      Huh???? Do you know what you are talking about?

    • http://profile.yahoo.com/BXQGJL32Y47PY3VIR5NIO77JTA jumba

      @boybakal:disqus , ang gulo mo namang mag comment :)

  • nakawan

    See? Co was part of it all along…

  • blainz

    It appears “campaign funding” in the provinces have switched from bank robberies to pyramid schemes. An unforseen side effect perhaps of all those CCTVs.

    Given the earlier contradicting statements of the mayor – admonishing people against the scam, only later to claim a loss of P2 million of his own money to it – he’s going to be hoisted with his own petard. He has to be suspended while the investigation is underway so witnesses will be less fearful in coming forward. There can’t be just two of them.

  • JuanTamadachi

    Jail this scumbag

  • Moro Ali Pala

    mayor co is the biggest backer of aman. he is the one that bilked billions in investors money. first, he told people he try to stop them from investing. then he said he lost 5 million of his own money. WHAT A COMPLETE STUPID!!!

    • tarikan

      You might consider Mayor Co as stupid but he was able to bilk BBMillions in investors’ money according to you. In my equation the investors are stupid and Mayor Co is smart. 

  • stealth ice

    The DOJ and the NBI should start monitoring now the movement of this mayor and his wife baka magaya sa ibang high profile wanted na di mikita-kita like Palparan, Reyes and Delfin Go and the rest. DOJ and NBI should be proactive and not reactive. Kung kelan nakalabas na ng bansa tsaka pa maghahanap.

    • tarikan

      Pards, sabi ni kabayang NoLee hindi Delfin Go kundi Delfin Lee…yung sa Globe Asiatique baga na 6.7 BBBiliion pesos ang naging fraudulent loan sa Pag-ibig na pinamumunuan ni kabayang NoLee that time. 

    • AlexanderAmproz

      A Mafiosi system as to offer an escape opportunity to be able to work properly…

  • tarikan

    “The complainants (Mona & Nice) asked that the amount of the deposits not be divulged as it might help Co in tracing their identities”. Then
    Nice said “her family is engaged in the construction business and was close to the Co family”. Ay katanga, huli ka na ni Mayor!! How many victims are there that are engaged in construction business and are close to the mayor’s family?

  • AlexanderAmproz

    It remember me when Osmena listed an Oil research company,
    pour Oil in a hole, show it to journalist’s friends, the stock’s went sky rocketing,
    a super bonus in just a few day’s ….. Have fun in the Philippines

  • manongcastro

    I heard Noli interview this Mayor Co. He said – Noli, hindi naman tayo tanga. Alam naman natin na babagsak ito. Kaso mga kalaban ko laki din ang ininvest at kumikita. So ako naglagay din ako ng pera. Nawala iyung pera so accepted ko na yun. Pero mga kalaban ko nawalan din, sama sama kaming nawalan ng pera.  

    I doubt that he lost his money. He knows from the start that it was going to fall so from the start I bet 200% that he was hedging. I bet you kumita yan. Yung sinasabi nya na nawala nya, eh iyung kita nya na lang iyun. Where’s BIR? Imbistigahan nyo na itong si Mayor.

    Clearly, he doesn’t have the people in his mind. His mind is on his re-election bid. He doesn’t know or doesn’t implement the law. Why didn’t you protect your people? Why didn’t you raise alarm bells? Clearly, he doesn’t know the plight of his folks. This is the kind of leader you have at your place. Poor Pagadian folks..

  • maypakialamtayo

    gusto nyo kasi yumaman kaagad kayo ng hindi napapagod at hindi rin kayo nagiisip.

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