Rasuman pyramid scam brains arrested




MANILA, Philippines—The leader of the Rasuman group, an investment firm in Lanao Del Sur that has been linked to a pyramid scam in Mindanao and Visayas, was arrested Tuesday by joint police and National Bureau of Investigation (NBI) operatives in Marawi City.

Lanao Del Sur Police Chief Senior Superintendent Romeo Magsalo said in a radio interview that Jacob “Coco” Rasuman is under the custody of authorities who apprehended him at 2:15 p.m. Tuesday at his residence  in Barangay (village) Panggao Saduc, Marawi City.

Rasuman was said to have been holed up in his house for a few months, fearing retaliation from the victims of his pyramiding scheme.

The Rasuman Group is similar to the Aman Futures Group Inc. that used a Ponzi Scheme to amass huge amounts of money.

As of August 21, a total of 323 claims against Rasuman, amounting to nearly P1.13 billion, had been recorded.

Aman Futures got up to P12 billion from 15,000 victims mostly in Mindanao and Visayas.

Rasuman was immediately transported to Cagayan de Oro City.

Arrest to ease tension

Acting Gov. Mujiv Hataman of the Autonomous Region in Muslim Mindanao said the arrest was made even if Rasuman promised to pay his investors in February 2013.

“He has to face the law,” Hataman said.

Hataman said the arrest would ease tension in Lanao del Sur and satisfy disgruntled investors.

Meanwhile, the Cagayan de Oro Regional Trial Court Branch 20 ordered the arrest of former Public Works and Highways Undersecretary Bashir Rasuman and several others involved in another investment scam that operated in Mindanao.

Aside from the former undersecretary, others ordered arrested include Emma Amer Rasuman, Bashir Rasuman Jr., Princess Aliah Tomawis Rasuman, Jeremiah Amer Rasuman, Jamirie Amer Rasuman, Jamila Rasuman Tomawis, Jalaima Rasuman Mangarun and Jerome Rasuman.

“Coco” has already been arrested.

They are facing a case for violation of Presidential Decree 1689 or Syndicated Estafa.

The case stemmed from several complaints filed by individuals led by Ab—amar Sambitory and 24 other complainants who said that their investments as well as that of their relatives have amounted to P120-million.

Complainants said they were promised a return of about P274.075 million in just two months.

“The elements of syndicated estafa are all present specifically that by their modus, respondents, who are closely related to each other, showed unity of design and purpose in defrauding the public by holding out that NAD Auto Option Corporation and BDR Group of Companies exist, albeit untrue, and successfully inducing them to invest and part with their money,” the DOJ panel of investigators said.

DOJ told to exercise care

In another development, Mayor Samuel Co of Pagadian City called on the Department of Justice to “carefully scrutinize” the testimonial and documentary evidence that allegedly linked him to the double-your-money scam of the Aman Futures Group Philippines Incorporated.

“It’s easy for people to say things against me. I urge Justice Secretary Leila de Lima to carefully scrutinize what she called testimonial and documentary evidence,” Co told the Philippine Daily Inquirer by phone about the other financial fraud to hit Mindanao in recent months.

Co insisted that he had nothing to do with the financial scam, claiming that he, himself, was a victim.

The mayor earlier claimed that he lost at least P5 million to Aman when it collapsed late September.

Politics come into play

He said he was being singled out because Zamboanga del Sur Gov. Antonio Cerilles wanted to discredit him. Co is the provincial chair of the Liberal Party.

“Cerilles wants to enter the Liberal Party that’s why he wants me out,” he said.

Co will be running for a congressional seat in next year’s elections against reelectionist Rep. Victor Yu, a known ally of Cerilles of the Nationalist People’s Coalition.

Co is a known ally of former congressman and convicted child rapist Romeo Jalosjos, whose brother, Dapitan City Mayor Dominador Jalosjos, is challenging Cerilles’s reelection bid.

Another Jalosjos family member will face the governor’s wife, reelectionist Rep. Aurora Cerilles of the province’s first district, in next year’s polls.

“This is also the reason Jalosjos is being dragged in the issue,” Co said. “These accusations are all politically motivated. Secretary de Lima should be careful,” Co added.

But the mayor said he would face the charges against him.

“These are all fabricated. I will face those who accuse me,” he said.

At the time of the phone interview with the Philippine Daily Inquirer on Tuesday, Co said he was in Manila with his lawyers.

Co also questioned claims allegedly made by Aman agent Maria Donna Coyme that he invested P30 million as “start-up capital.”

“Coyme claimed she joined Aman in May. Aman started in January or February, how can she say that I provided the start-up capital when she was not there yet?” the mayor said.

Co also decried the killing of his security personnel, John Paul Go, who was shot dead Tuesday in Pagadian City.

Co said Go was the fourth person he trusted who was killed since the Aman Futures controversy broke out. The first was Rene Ebol, the head of barangay affairs, then Evelyn Declaro, a former barangay chair and assigned at the Solid Waste Management Office, and Arthur Hadjirul of the barangay affairs.

“Until now nothing has been done to find out the killers, all of them were shot to death,” Co said.

NBI Pagadian Head Agent Norman Decampong was not answering the calls made by the Inquirer.

Cerilles has also not answered text messages and calls made by the Inquirer.With a report from Tetch Torres, INQUIRER.net; Richel V. Umel, Nico Alconaba and Julie S. Alipala, Inquirer Mindanao

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  • calipso_2100

    Good job LDS police and NBI.

  • MonMayuga

    NBI and the Police, your stars shine with the capture of this SCUM. Don’t let him slip from your fingers. Help his victims recover their “investments.” Catch all those who are involved in this scam anywhere in this country and never allow such business to operate anymore.

  • gregory robinson

    Of course this scum was found in the garbage dump of the philippines..marawi city.

    • https://www.disqus.com/ It’s Up To You

      just exactly like how you said it, your mouth smells like garbage.

  • http://pulse.yahoo.com/_4R3GZTGML26TV2VGS6RVHP2THM Fred

    Buti nga sayo Coco! May pambayad ka ba?
    Naku baka patakasin ka nila at mapapatay ka sana?
    Congrats PNP and NBI.

    • boyod

      anong congrats sa PNP at NBI nag seek asylum lang si RASUMAN doon, hindi hinuli. Tingnan mo diba kuntodo masahe pa yan sa loob, sitting pretty with matching inuman at kainan

      • fiveoclock

         oo nga ….hindi nga naka-posas eh…. sarap buhay pa siya diyan sa loob ng NBI at protction din niya yan…..ay naku….pag malakihan kaso asikasu ng mga alagad ng batas parang Ampatuan din yan buhay HARI sa loob ng kulungan………..

      • chingnarciso

        with wi-fi and tv.baka may kusenero pa seguro sa loob ng kulungan. Don’t forget the aircondition,at pass sa gabi para maka pag relax siya dahil sobrang stress sa loob,kaya kailangan na maki pag  karaoke sa pag bar ran…kasali na ang smartphone pa seguro yan…It’s more fun in the Philippines..

  • aldhins

    Dapat traced ng govt mga ari-arian ni “COCO” para mabayaran mga taong nag invest sa kanila lalo na mga mahihirap  nag benta ng kalabaw nag sanla ng lupa umaasa na gaganda ang buhay na loko lang pala:(

  • Serom

    I hope it does not end with capture of perpetrators.  There are a number of government officials involve here who either sleep on their jobs or even invest in this pyramid scam.

  • fabuchachi

    Good thing they got arrested, but it is very hard to get the investors money back.

  • nennen12345

    what’s the use of getting rich faster and yet ended up in jail.  they can’t anymore make use of it because the source of their richness is from the people who invested their money in the hope of a bigger return. 

    lessons learned that we rather earn less but sure that our investment will yield a good return of investment.  better save your money in a reputable bank at makatulog ka pa ng mahimbing since your savings is in good hands and not with the unscrupulous people like the rasuman’s .

  • Boypickup555

    Wala na ang pera siguradong sandali lang yan sa jail tapos sarap buhay na yan …. pera lang ang padulas labas na yan…..

  • Manongmo


  • $8278216

    Dapat sa mga ganitong staffador, automatic na e freeze ang lahat ng mga assets at ari-arian para may pambayad sa mga biktima at gawaran ng habang buhay na pagka bilanggo, sabayan na rin imbistigahan ng mga taga BIR kung nag babayad ng tamang buwis ang mga ganid na ito para mag kamal-kamal sila ng mga kaso.

  • KenKhoy

    na CO…….. insik pala si mayor ……… at LP a CO pa…………. okies na……

    • victor1052

      kuhang-kuha niya ang masamang ugali ng pinoy. He he

  • swerb

    I guess nagpahuli na lang siya dalawa na lang ang options niya: Either magtago hanggang matunton at mapa-patay siya ng mga biktima na (90% of which ay katulad niyang TAMAD, GANID at KRIMINAL din) or sumuko na lang at hayaang pagkakitaan ang ‘talents’ niya ng NBI at PNP.
    In a few years, magreresurface ulit yan, new company, same old modus. Pero mas palaban na at makapal ang mukha dahil tuta na siya ng mga buwaya.

  • http://www.facebook.com/amstinx Clay Sandy

    this is just a tactics that will eventually give coco and his family a a peace of mind. they know it’s wise to stay in the custody of authority for the sake of their security . In fact, he is the one who insisted for this to happen. How come that all his significant family members are all with him. not all the latter are proven involved on the scam but voluntarily they go with coco.COCO you can’t never escape justice.  you can manipulate it but in the end justice will always prevail. If you can’t pay your victims this february as you have promised, DEATH sentence will be automatically executed for you and for the rest of your family. think wisely, what’s the use of your billions underneath the earth (GRAVE)

  • Pogi=”No To Political Dynasty”

    May alibi na ang mga politiko na sangkot sa scam eh yong opisyal ng militar na kasangkot mukhang “Untouchable” siya.

  • $29483279

    Mayor Samuel co  is as usual talks like a politician and of course his allegations  are nothing but senseless palusot.

    Jail this chinese bustard together with the Rasumans and all involved in this 12 billion Scam.

  • 711sense

    Question is, when DILG Secretary Roxas will come out with the result of the so-called audit of government money in Pagadian City that was reported by some people and the media that was allegedly invested in the scam? Seems like the current administration is so slow or not acting to investigate their KKK friends. They seems to forget that the law applies to everyone and not just their so-called enemies.

  • http://profile.yahoo.com/XRBL2POVCTRMCRC75N7JC7AOK4 kurakding

    If the DILG Secretary is still Jesse Robredo, he will go to those places and will immediately do something.  with Mar Roxas, we don’t think that he is doing his job.  Please show to us Secretary that you are working in a fast phase basis.  

    Your term is just few years since Pnoy is a co terminus then show to us what you can do. Justice delayed justice denied.  These SCAM is not new and just to ask what happened to the previous SCAM?  This is the reason why we have so many of these because nobody was put to almost death as punishment.  They should be executed.  Let’s see what will happen again.  Baka sa hospital din ang takbo nang mga iran….

  • $26606290

    uyy DOJ bumabawi. caught with your pants down kayo ng Aman. Kung di sumabog di nyo malalaman….or baka investors din mga bata nyo sa NBI dun.

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