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P100-M scam victims surface

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More victims of what turned out to be another Ponzi scheme rushed to the police station in Sta. Rosa City, Laguna, weeks after the arrest of the alleged scam mastermind.

Posted: October 23rd, 2013 in Headlines,Regions | Read More »

In the know

Named after Italian Charles Ponzi, a Ponzi scheme is a fraudulent investment operation that promises unusually high returns to investors from money paid in by subsequent investors, rather from revenues of a real business.

Posted: October 23rd, 2013 in Headlines,Regions | Read More »

De Lima warns coddlers of Pagadian City Mayor Samuel Co

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Former Pagadian City Mayor Samuel S. Co.  INQUIRER FILE PHOTO

Justice Secretary Leila De Lima warned that anyone coddling Pagadian City Mayor Samuel Co who has a pending warrant of arrest for syndicated estafa will also face criminal prosecution.

Posted: April 15th, 2013 in Latest News Stories,Nation | Read More »

WHAT WENT BEFORE: P12-B Aman Futures scam

Manuel K. Amalilio fled the country before the National Bureau of Investigation broke the news in mid-November that his company, Aman Futures Group, had duped at least 15,000 people of P12 billion in a Ponzi scheme.

Posted: January 26th, 2013 in Editors' Picks,Headlines,Nation | Read More »

Aman exec shows up at probe, denies part in scam

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The main gate of the Aman Futures office compound remains locked in Pagadian City. The president of the failed investment group surfaced Thursday, Dec. 27, 2012, at the Department of Justice (DOJ) to belie accusations he was involved in the P12-billion Ponzi scheme FILE PHOTO

The president of the failed Aman Futures Group surfaced Thursday at the Department of Justice (DOJ) to belie accusations he was involved in the P12-billion Ponzi scheme that victimized some 15,000 people in the Visayas and Mindanao.

Posted: December 28th, 2012 in Latest News Stories,Nation | Read More »

NBI exec says Ponzi scam brains may be from Tarlac

The main suspect in the P12-billion Ponzi scheme that victimized some 15,000 people in the Visayas and Mindanao is a native of Tarlac, according to a National Bureau of Investigation official.

Posted: December 8th, 2012 in Headlines,Regions | Read More »

Senate targets regulators

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Government regulators have failed to stop the proliferation of investment scams despite the harsh penalty imposed on economic fraud, and senators want to know why.

Posted: November 29th, 2012 in Editors' Picks,Headlines,Nation | Read More »

Rasuman relieved by arrest, says NBI agent

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The main gate of the Aman Futures office compound remains locked in Pagadian City. The president of the failed investment group surfaced Thursday, Dec. 27, 2012, at the Department of Justice (DOJ) to belie accusations he was involved in the P12-billion Ponzi scheme FILE PHOTO

Jachob “Coco” Rasuman, prime suspect in one of the biggest financial scams in Mindanao, showed “signs of relief” when he was arrested at his home in Marawi City on Tuesday, a National Bureau of Investigation official said Wednesday.

Posted: November 28th, 2012 in Latest News Stories,Regions | Read More »

Pimentel seeks probe on failure of gov’t bodies to prevent scams

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Senator Aquilino “Koko” Pimentel III. INQUIRER.net FILE PHOTO

Sen. Aquilino Pimentel III has filed a resolution calling for a Senate inquiry into why government regulatory bodies failed to prevent financial frauds that have victimized thousands of people, many of them common wage earners.

Posted: November 28th, 2012 in Latest News Stories,Nation | Read More »

Visioner had variation of scam–prosecutors

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pagadian

The Pagadian City prosecutor’s office acted swiftly on the syndicated estafa case filed against Visioner 2020 Trader’s International, a budding scam operating in the city.

Posted: November 25th, 2012 in Latest News Stories,Regions | Read More »

Aman employees warned of collapse, says investor

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The main gate of the Aman Futures office compound remains locked in Pagadian City. The president of the failed investment group surfaced Thursday, Dec. 27, 2012, at the Department of Justice (DOJ) to belie accusations he was involved in the P12-billion Ponzi scheme FILE PHOTO

Weeks before Aman Futures collapsed, employees of the firm had been warning investors to withdraw their cash placements as soon as they matured to avoid “losing their money forever.”

Posted: November 25th, 2012 in Latest News Stories,Regions | Read More »

21 cops, 2 fire officers file estafa raps vs Aman Futures

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Manuel Amalilio

Twenty one police officers and two fire officers filed syndicated estafa complaint against Aman Futures, the company involved in the biggest Ponzi scheme in the country.

Posted: November 21st, 2012 in Latest News Stories,Nation | Read More »

Greed and its consequences

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If this were not tragic, I would probably recommend putting up a huge marker that reads “The Land of Greed and Broken Dreams” below any welcome sign in Pagadian City. But the tragedy in that city where I spent my childhood years continues to unfold every day ever since Aman Futures Inc. closed shop, its [...]

Posted: November 15th, 2012 in CDN - Opinion,Cebu Daily News | Read More »

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