Jachob “Coco” Rasuman shows up at the Department of Justice and swears in on his counter-affidavit denying allegation that he defrauded investors in a Ponzi scheme. TETCH TORRES/INQUIRER.net
MANILA, Philippines—Jachob “Coco” Rasuman, the suspected leader of another investment scam group, on Monday denied the allegation of syndicated estafa filed against him by some 15 complainants.
Rasuman arrived at the Department of Justice (DOJ) escorted by members of the National Bureau of Investigation wearing black shirt and a surgical face mask.
He submitted his counter-affidavit seeking the dismissal of the syndicated estafa filed against him.
“There are allegations that my client has received the money from these complainants but my client has not seen most of them,” Rasuman’s lawyer Anthony Marvin Ponce De Leon told reporters Monday.
De Leon added that his client is not involved in Ponzi scheme.
“My client has a legitimate business. It’s a sole proprietorship, a car trading business in Iligan. In Ponzi scheme, they get investments without legitimate business,” De Leon said.
Rasuman is currently detained at the NBI main office in Manila after having been slapped with three cases of syndicated estafa before the trial courts in Cagayan De Oro City.