Aman Futures boss arrested in Malaysia

Purple S. Romero
Malaysian authorities arrest Emmanuel Amalilio in Kota Kinabalu, Malaysia

Screengrab from http://www.youtube.com/watch?v=nf25UfTmWMI

MANILA, Philippines – Malaysian intelligence agents have arrested on Wednesday, January 23, Emmanuel Amalilio – the man behind a pyramid scam that victimized thousands – in Kota Kinabalu, Malaysia.

The arrest ends a 3-month manhunt. 

Amalilio started Aman Futures Group, a securities firm that duped 10,000 Filipinos mostly from Visayas and Mindanao into giving them investments by offering a double-your-money scheme.

Aman Futures started operating in February this year in wet markets and with vendors and tricycle drivers as initial investors. – Rappler.com

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