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Bigger money involved in Rasuman pyramid scam – DOJ

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Coco Rasuman. SCREENGRAB FROM YOUTUBE

MANILA, Philippines — Justice Secretary Leila De Lima said on Wednesday that the amount of investment involved in the scam operated by Rasuman was bigger than that in the scam perpetrated by the Aman Futures Group.

“Although a lesser number of investors are concerned in the Rasuman scam, the amount of investment there is bigger,” De Lima told reporters who said this was the findings of the National Bureau of Investigation (NBI).

De Lima said the “minimum” estimate capital of Rasuman was P1.3 billion but the NBI was still validating this if this was accurate.

This as the justice secretary said Jachob “Coco” Rasuman, the brains of the scam, was brought to the NBI office in Manila to ensure his safety.

“If he was just in Cagayan de Oro city, that was proximate or very near Lanao del Sur where the irate investors are located,” she told reporters.

She said the NBI and local authorities preferred that Rasuman stay in Manila for the meantime because of the “highly volatile atmosphere” in the province.

De Lima said that she has instructed the NBI to coordinate with the court in Cagayan de Oro now that it has arrested Rasuman and they would wait for the “appropriate commitment order to be issued by the court.”

She also said the NBI was working on the implementation of the arrest warrant of the 10 others who were charged for syndicated estafa along with Rasuman, including his father, former Public Works Undersecretary Bashir Rasuman, who are said to be in Manila.

“Maybe they will be forced to surrender,” she said.


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Tags: Crime , Department of Justice , financial fraud , Jachob "Coco" Rasuman , law and justice , Leila de Lima , National Bureau of Investigation , News , Philippine Government , preliminary investigation , Pyramid Scam , syndicated estafa


  • http://pulse.yahoo.com/_5STEU22AD7YRHQSB6RE56ZDSYA J

    Eto ang mga taong dapat ang ulo ipasok sa puwit nila. 
    Pero sa laki ng pera nakuha nila baka makawala na naman ang mga ito.
    Kailangan na talaga ibalik ang bitay sa tulad ng ganitong panloloko, rape, illegal logging at pangungurakot.

    • chingnarciso

      How big the prison in the Philippines?!! Every time I read the news, This and,that are arrested  and hauled to  jail.

      • Horst Manure

        Think the prison is  old telephone booth as not many end up in jail but the hospital is putting in more parking bays for wheel chairs. 

  • EdgarEdgar

    Bigger money or not, this is all after the fact. Sec. de Lima can claim that DOJ is powerless as her convenient excuse but Sen. Escudero and Sen. Pimentel are both seriously questioning her feigned powerlessness. Both Rasuman and Aman came to the knowledge of DTI as early as April 2012. Other goverment agencies were similarly alerted around that time. From April 2012 until everything came crashing down in November 2012, DTI, DOJ, NBI and AMLC had eight (8) long months to dismantle the wobbly pyramid, unmask the conmen and stop the crime in its tracks. For eight (8) long months however, no action was taken. None brought in for questioning, none apprehended. Sen. Escudero even decried AMLC for willfully ignoring the big red flags months before the crash. As no good deed goes unpunished, Noynoy was quick to blame the victims for being victims. Such is the pattern of how Noynoy’s administration works. They always save the best for last. They only come into the picture long after the criminals have taken off with their loot and with their tracks carefully covered. Too late the hero. Long after the fact.

    Big money or not, it’s all too late now. All after the fact. Eight (8) long months is just to much time to have done nothing.

  • magiting78

    Dapt d2 sugatan p unti unti tapos pigaan ng kalamansi ang sugat..hiwaan ng blade…

  • nti_boohaya

    Wag ng ipasailalim yan sa sistemang hustisiya ng bansa.  Ilagay ninyo yan sa Sharia court.  Tignan natin kung gumagana nga yan Moro court system.  Sa pagkakaalam ko kung nagkautang o sabihin natin pagnanakaw e kundi buhay yata ang kapalit kapag di nabayaran.  Rido rido ang pupuntahan niyan kung puro probe probe lang at wala namang nahahatulan.

  • http://pulse.yahoo.com/_TJLBFK6Y4JTVHRRL3PAFMU4VPI Pola

    The govt must also examine how those investors  earned the millions they invested. I am certain that they are no private employees but are politicians or high-ranking govt officials or businessmen – and what is the nature and “line of commodities” of the business. Are those earnings taxed?

  • http://pulse.yahoo.com/_DTCTFQ5DGBJY5OKGHXCDKWITJ4 Pinoy Zablan

    There is another investment scam(Agripoint Enterprises) which dupe a lot of people for their hard earned money headed by ANNA FATIMA DE VILLA MENDOZA AND husband VINCEL DIMACULANGAN PEDERNAL of 6 Honduras Street, Loyola Grand Villas, Quezon City. Arrest warrants have been issued and they are currently hiding and running away from the law. A cash reward is given to any information leading to their arrest and capture. Google Anna Fatima Mendoza to see video and pictures.

  • nakawan

    hey guys, how much would you bet that Coco Rasuman will some day run for public office and win? :)

  • staad

    ba di pa kasi natuto si juan de la cruz na sangkatutak ang mga swindler as pinas. kahit nga sa abroad, pinoy tinitira kapwa pinoy.



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