pyramid scam - updates

Rappler's latest stories on pyramid scam

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Pyramid scam queen Rose Baladjay, husband sentenced to 7 years

Dec 09, 2015 - 2:55 PM

The Makati Regional Trial Court has ordered Multitel s Rose and Saturnino Baladjay to pay their victims P8 million

GUILTY. Rose Baladjay (right) is accused of swindling hundreds of people into investing into her firm, Multinational Telecom Investors Corporation (Multitel). A Makati Regional Trial Court branch recently ruled she is guilty on 65 counts and sentenced to 7 years in prison. File photo by Agence France-Presse/Jay Directo

One Lightning Corporation submits to SEC probe

Mar 23, 2015 - 7:00 PM

Pyramiding company? The firm maintains that it is a legitimate corporation and awaits steps prescribed by the Securities and Exchange Commission

Have you been hit by ‘One Lightning?'

Mar 13, 2015 - 4:53 PM

The Securities and Exchange Commission says One Lightning Corporation has no license to sell products or accept investments beyond its registered business

Pagadian ex-mayor linked to Aman scam nabbed

Dec 15, 2013 - 12:35 PM

UPDATED Former Pagadian City mayor Samuel Co has been arrested in Manila in connection with the Aman Futures networking scam

Aman scam suspects face new estafa raps

Jul 24, 2013 - 9:15 AM

Department of Justice prosecutors in Cebu find probable cause for another round of charges against former Pagadian Mayor Samuel Co and 11 others

DISMISS THE CHARGES. Pagadian City Mayor Samuel Co denies any link with Aman scam despite documentary evidence and witnesses implicating his involvement. Screenshot from ANC on YouTube.

Court orders arrest of Pagadian City mayor

Apr 13, 2013 - 3:56 PM

The Lanao del Norte court fails to serve the warrant of arrest for Pagadian City Mayor Sammy Co

Malacañang: Amalilio is a Filipino citizen

Jan 28, 2013 - 3:08 PM

Presidential spokesperson Edwin Lacierda denies reports that Manuel Amalilio is a Malaysian citizen arguing the National Bureau of Investigation has a certified true copy of his birth certificate

Malaysian police stops Aman boss departure

Jan 25, 2013 - 5:48 PM

3rd UPDATE The scheduled departure of Emmanuel Amalilio for Manila encounters obstacles

Pyramid scam 'mastermind' returns to PH Friday

Jan 24, 2013 - 7:16 PM

Amalilio was arrested in Malaysia for possession of a fake passport

BACK IN MANILA. Amalilio - the man behind the multibillion peso scam - will be taken back to Manila by NBI agents on January 25. Screengrab from https://www.youtube.com/watch?v=nf25UfTmWMI

Aman Futures boss arrested in Malaysia

Jan 23, 2013 - 12:53 PM

Malaysian authorities arrest Emmanuel Amalilio in Kota Kinabalu Malaysia

Framegrab from https://www.youtube.com/watch?v=nf25UfTmWMI

Aman Futures president claims he's just a driver

Dec 27, 2012 - 7:44 PM

The President of Aman Futures Group Inc Fernando Luna says Manuel Amarillo is the mastermind behind the pyramid scam

Scam alert! SEC warns of scheme aimed at domestic helpers

Dec 21, 2012 - 4:14 PM

the Securities and Exchange Commission SEC warned about the an unnamed group that has been offering investment opportunities promising hefty returns of P900 every month for an investment of only P100

NBI charges Pagadian mayor with estafa, graft

Dec 04, 2012 - 6:22 PM

Pagadian Mayor Samuel Co issued a temporary permit to Aman on July 27 even if the firm did not have a secondary license says the NBI

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P200-M Aman Futures accounts frozen

Dec 04, 2012 - 12:32 PM

The Anti Money Laundering Council says it has frozen the accounts of Aman Futures amounting to P200 M

Timeline: The Aman Futures pyramid scam

Nov 28, 2012 - 8:04 PM

Rappler traces the development of the Aman Futures pyramid scam in Pagadian City and the alleged role played by Samuel Co

Pagadian mayor says he distributed Aman checks 'to help my people'

Nov 28, 2012 - 1:28 PM

Pagadian Mayor Samuel Co confirms that he handed out checks from Aman to investors but insisted he had no involvement with the company and only meant to help investors get their money after the Aman offices closed down

Rappler Newscast | November 27, 2012

Nov 27, 2012 - 8:54 PM

The Freedom of Information bill passes the committee level in the House of Representatives The Court of Appeals nullifies a panel linking the Reyes brothers to the killing of Palawan broadcaster Gerry Ortega The mastermind of the Rasuman pyramid scam is arrested

Board members of firm behind pyramid scam 'dummies'

Nov 27, 2012 - 8:34 PM

Officers of the Aman Futures Group claim they didn t know the group is operating a pyramid scam

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Suspect in pyramid scam arrested

Nov 27, 2012 - 3:08 PM

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

Pagadian mayor denies hand in pyramid scam

Nov 27, 2012 - 1:25 PM

Co says he is being used as a scapegoat

DILG on Aman: No evidence local officials invested IRAs

Nov 26, 2012 - 6:24 PM

Interior and Local Government Undersecretary Austere Panadero says they have no evidence so far that local officials have invested their Internal Revenue Allotment in the Aman pyramid scam

FULL DISCLOSURE. Department of the Interior and Local Government Undersecretary Austere Panadero hopes that the new portal will make local governments more transparent and accountable. Photo by Natashya Gutierrez.

NBI links Pagadian mayor to pyramid scam

Nov 26, 2012 - 6:11 PM

The NBI says it has sufficient evidence to charge Pagadian Mayor Co with graft and estafa

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Pagadian mayor, police file complaints vs alleged scammers

Nov 21, 2012 - 5:22 PM

Co has insisted he s a victim and is not part of the pyramid scam

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4 tips from PNoy on avoiding pyramid scams

Nov 20, 2012 - 5:19 PM

In the wake of the several pyramid scams that have victimized thousands of Filipinos President Aquino offers advice to investors on how to avoid similar scams in the future

ADVICE FROM THE PRESIDENT. President Benigno Aquino III talked about the Aman scam in the sidelines of the ASEAN-China Summit in Phnom Penh, Cambodia. Photo by Malacanang Photo Bureau.

Palace appeals to pyramid scam victims for sobriety

Nov 18, 2012 - 11:15 PM

The authorities are moving quickly on this Malacañang assures victims

BI on alert for people behind pyramid scam

Nov 16, 2012 - 10:00 PM

Both the BI and DOJ cannot stop them from leaving the country however

0813DeLima