Pagadian mayor, wife charged with estafa over pyramid scam

Rappler.com

This is AI generated summarization, which may have errors. For context, always refer to the full article.

Pagadian Mayor Samuel Co, his wife and 10 others are charged with syndicated estafa

VICTIM OR SCAMMER? Pagadian City Mayor Samuel Co denies any link with Aman scam despite documentary evidence and witnesses implicating his involvement. Screenshot from ANC on YouTube.
MANILA, Philippines – Pagadian City Mayor Samuel Co, his wife and 10 others have been charged with syndicated estafa for their alleged involvement in the so-called pyramid scam of Aman Futures Group.

The charges were filed before the Department of Justice on Wednesday, November 28, by at least 3 complainants.

Earlier, the National Bureau of Investigation, which endorsed the complaints to the justice department, said it had sufficient evidence to charge Co not only with estafa but with graft. It was not immediately known why Co was able to escape graft charges.

Co is runnin for congress in the 2013 elections under the ruling Liberal Party.

Justice Secrertary Leila de Lima earlier said that based on documentary evidence, Co played a role in the P12-B pyramid scam. One of the alleged finance managers of Aman Futures group – Maria Dona Coyme – said Co and wife Pricilla Ann Fernandes had sought investors for the group.

Co has insisted that he was not part of the scam but its victim. – Rappler.com

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI

How does this make you feel?

Loading
Download the Rappler App!