Pagadian City Mayor Samuel Co, who has been slapped with an arrest warrant for his alleged role in the Aman Futures investment scam, has been rarely seen in Pagadian these days but he has not been hiding, the executive’s lawyer said on Wednesday.
Emmanuel Amalilio, founder of Aman Futures, which figured in a widespread Ponzi scheme in Mindanao and the Visayas, has been arrested in Kota Kinabalu in the east Malaysian state of Sabah, an official of the National Bureau of Investigation said Wednesday.
The multi-million-peso investment scam perpetrated by Jachob “Coco” Rasuman was apparently a family affair. This emerged after the Department of Justice recommended on Wednesday, the filing of syndicated estafa case not only again against Rasuman, his father, mother, brother and his wife but also for the first time his father-in-law and two other brothers.
The Court of Appeals has frozen 141 more bank accounts in connection with the P12-billion Aman Futures Group Phil. investment scam, which duped around 15,000 investors earlier this year.
Far-fetched. This is how top military officials consider reports about funding from Aman Futures Group Philippines Inc., being used for terror activities.
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.
Quezon City policemen were ordered to be on the lookout for the orchestrators of a Ponzi scheme that has allegedly duped 15,000 persons, including politicians and government employees in the Visayas and Mindanao, of P12 billion, and to be on alert for similar pyramiding scams in the locality.
After filing their complaints before the offices of the National Bureau of Investigation and Philippine National Police, the more than 8,000 investors of Aman Futures Group Philippines Inc., still have to wait longer for the filing of charges against operators of the easy-money scheme.
Agents of the National Bureau of Investigation (NBI) arrested on Monday the chief operator and 10 employees of yet another investment scam in Pagadian City.
The Aman Futures Group, which claims to be involved in the arcane business of commodity futures trading, operated from the most unusual of places—the declining mangroves of coastal Kawit village here.
A Mindanao congressman is set to file a resolution in the House of Representatives to investigate the multi-billion-peso scam that had rocked the region.
Maria Donna Coyme, an investment “agent’’ of the Aman Futures Group, has disclosed to the National Bureau of Investigation the bank accounts of the group where money collected by agents like her from investors were deposited.
Government officials have been taking steps to avert any outbreak of violence among thousands of angry victims of pyramid scams, Malacañang said on Sunday, even as it appealed to the victims not to take the law into their own hands.
