MANILA, Philippines - Jachob "Coco" Rasuman, the head of the Rasuman investment group implicated in the so-called pyramid scam in Mindanao, was arrested Tuesday, November 27, in Marawi City.

Rasuman was arrested at 2:15 pm in Barangay Panggao Saduc, Marawi City, according to Senior Supt Romeo Magsalos, provincial police director of Lanao del Sur.

Rasuman was arrested by joint elements of the National Bureau of Investigation-Region 10, PNP, and the Army's 103rd Brigade.

Rasuman is implicated in one of two scams in Mindanao. The other scam involves the Aman group. - Rappler.com