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More charged in scam

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THE LEADER of the Rasuman group, Jachob “Coco” Rasuman. INQUIRER FILE PHOTO

A Cagayan de Oro City court on Friday issued warrants of arrest for the wife, father and other relatives of alleged investment scam leader Jachob “Coco” Rasuman following the filing of two new syndicated estafa complaints by the Department of Justice (DOJ) with the court.

Posted: January 20th, 2013 in Latest News Stories,Nation | Read More »

Rasuman scam brains falls

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FORTRESS-LIKE An Army armored personnel carrier guards the Rasuman residence in Matampay, Marawi City, as authorities arrested Coco Rasuman on Tuesday. The Army had been guarding the house to prevent attacks by angry victims of the Rasuman investment scam. RICHEL V. UMEL / INQUIRER MINDANAO

The leader of the Rasuman group, which pulled off an investment scam said to be bigger than that of Aman Futures, was arrested in Marawi City on Tuesday.

Posted: November 28th, 2012 in Editors' Picks,Featured Gallery,Headlines,Nation,Photos & Videos | Read More »

‘Volcano waiting to explode’ in Marawi City

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.

Posted: November 23rd, 2012 in Latest News Stories,Regions | Read More »

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