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.
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 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.
An antique trader said he had a hard time carrying to a bank two attaché cases stuffed with peso bills worth P2 million that he earned from an investment early this year.
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.
BEFORE the multibillion-peso Aman Futures pyramiding scam, there was an even bigger fraudulent moneymaking scheme in the south, according to the National Bureau of Investigation (NBI).
