Suspect in pyramid scam arrested
The head of one of two major scams in the South is arrested in Marawi City

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. –

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