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‘Volcano waiting to explode’ in Marawi City



Despite the seeming peace in Marawi City, the situation is “volatile and could explode anytime if the Coco Rasuman issue is not addressed,” according to victims of the Jachob “Coco” Rasuman pyramiding scam.

Johary Diampuan, who acted as the spokesperson for the group of Rasuman investors which met with Justice Secretary Leila de Lima Thursday, said they are worried that the government has been focusing its investigation only on the Aman Futures Group of Aman Amalillio.

“We are worried that efforts of investigation are centered on Aman when the Rasuman case involved more victims and bigger investments,” Diampuan said in a phone interview.

Rasuman, an Iligan City-based businessman, operated a “double-your-money” investment scheme in Lanao that collapsed last July after it failed to pay its investors.

He said the group was asking De Lima to monitor the situation in Marawi City which he said was about to explode.

“It’s like a volcano waiting to explode, the people are restive and agitated that they feel they will not be paid by the Rasuman come February,” Diampuan said. Nancy C. Carvajal


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Tags: Coco Rasuman , Investment Scheme , Marawi City , Mindanao , Pyramid Scam


  • gregory robinson

    Never has been peace in garbage dump Marawi City…….and never will be.

  • Pablo Juan

    I hate to say this but the chances of you getting paid after the ponzi scheme has been exposed is -1,000,000%.. ie worse than zero, nada, nunca, never, zilch.

    Many of these “victims” are educated.. I heard politicians, policemen, businessmen etc (o mali ba ako?).. you knew this is a scam, you just let your greed get the better of you and blinded your sound judgement.  Meron bang ‘investment’ na risk-free?  these quick money returns are brimming with risks!  FREE ang RISKS dito!

    Personally, I fear more kidnappings, holdups and bank robberies will happen as some people resort to criminality in and outside mindanao (think kuratong) to get some capital back.  Heads up to the authorities.

  • pilipino

    Skin Coco Rasuman alive and soak him in salt for months until everyone concerned is paid, and make bacons out of his pig skin. Marami kayang baboy na muslim dyan sa Marawi and most of them belong to big political clans. Their city is not advancing economically because government money is siphoned off by their elected officials to do the Hajj or muslim pilgrimage to Mecca – a practice believed to ensure their holiness kuno.

  • Serom

    It’s their greed and now they are blaming the government for their misfortune!

  • marienkind

    I kind of hate how the article makes it sound like the people are expecting the government to return their money for them. 

  • http://profile.yahoo.com/TNBXVTFKPV5K3XTAJSAQPWVHKQ Renato

    hehehheheheheh if those people were not stupid enough….tata tanga tanga kayo eh ngayon asa pa…hak hak hak…in your dreams

  • http://pulse.yahoo.com/_WYX4ZTAV4BUGW2RIMT45CPYBGA Pio Gante

    population control in the offing,

    why not start now?

  • Francis81

    Hindi priority ni Pweenoy ang mga scam victims, busy siya sa paglalaro ng PSP at pambababae at panglalalaki.

  • tukmoldinako

    kwidaw ka ha, 35m average ng isang na iscam, laki no, saan kaya galing yun, diba sabi nila pag dimo pinagpawisan mawawala parang bula, he he he. narinig ko na yang sinabi ni pilipino sa baba, government money are siphoned off by elected officials, eh si meyor co nagtayo din ng sariling annex, para mang scam rin, lol sumabug na yung kaswapangan nila.

    • Crysis_III

      tumpak… 

  • NYPinoy

    Umaasa silang bayaran sa Pebrero?  Sana tinanong nila kung anong taon.

  • opinyonlangpo

    Maybe their investments were insured too. . . by the government. These people are investors so let them suffer the risk of greedy investment, as they say the higher the return the higher the risk.

  • boybakal

    I thought M. Apo is the only volcano in Mindanao, yon pala meron din sa Marawi. I should study geography more.
    Ika nga be prepared in case of eruption, we are volcano people.

  • speedstream2

    The volcano analogy may be a bit much, but if you were duped to the tune of hundreds of thousands with the prospects of recovery practically very slim to nil, wouldn’t it be just a matter of time for something untoward to happen? If there is anything that is in short supply among the scam victims, it’s patience. Unfortunately, the nature of pyramid scams is such that the process of recovering as much of the scammed money as possible is very tedious, to say the least. Still, best efforts are in order.

  • Ilihanboy

    Talking Points:
    1. The spokesman of the victims must have been misquoted by this news repoter.It appears that they expect the govt to reimburse them for their gullibility.
    2. The volcano will erupt against whom ? They should file charges against Rasuman. The govt cannot do that for them. 
    3. What is the mayor of Marawi doing ? The congressman ? Or are they part of the problem ?

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

    Mantakin m, sabi nila mahihirap na tao ung mga nsa Mindanao. Kung hindi pa ngyari ung scam aakalain m nga na mahihirap sila pero pag naglabasan n ng pera, milyon milyon pla ang perang nakatago. Sa TV lng, may ininterview sa news, simple lng sya, akalain m nga na katulong sya pero sabi nya nag invest sya ng 4M sa Aman. 



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