Quantcast
Home » aman futures You are browsing entries tagged with “aman futures”

Pyramided

The arrest last Sunday of former Pagadian City mayor Samuel Co and his wife trains the spotlight back on the sordid case of the P12-billion Aman Futures scam that was said to have bilked some 15,000 investors, mostly in Mindanao and the Visayas. The case, still unresolved at this time with the principal accused having jumped the border to Malaysia, not only involved billions of pesos but also many prominent personalities, among them military personnel and politicians such as Co and his wife.

Posted: December 17th, 2013 in Editor's Pick,Editorial,Inquirer Opinion | Read More »

A sociology of scams

By

Scams tell us a lot about the nature of our society—more than about the gullibility, greed, or ignorance of our people. Sociologists try to understand how these criminal schemes work, not by figuring out the motives and interests of the individuals they victimize, but by determining the types of social relationships they are able to tap. Moral terms like gullibility and greed contain no analytic value. But, the degree to which communications in a society like ours remain undifferentiated may explain why scam victims are quick to entrust their money to swindlers with no economic credentials or record.

Posted: November 29th, 2012 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »

Greed, need, ignorance and stupidity

By

On the part of the schemers-scammers it was, above all, greed. But on the part of the victims, it could be all or some of the above.

Posted: November 29th, 2012 in Columnists,Columns,Inquirer Opinion | Read More »

Scammed

In terms of both scale and speed, the Aman Futures pyramid scam is one for the books: According to the National Bureau of Investigation, at least 15,000 investors were duped of some P12 billion in a matter of months this year. The dizzying rise and collapse of the venture has already claimed a few lives. The NBI said “some of the victims” committed suicide, and the other day a sales agent for Aman Futures was killed in a town in Zamboanga del Sur; the houses of at least two relatives of the ex-driver who managed the company have already been torched, so it is possible that the killing is a consequence of the scam.

Posted: November 15th, 2012 in Editor's Pick,Editorial | Read More »

Pyramid scam victims succumbed to greed

By

The scam that defrauded 15,000 investors of P12 billion of their hard-earned money is caused by GREED—the greed of the officers of Aman Futures, the company behind the scam, and the greed of the victimized investors.

Posted: November 15th, 2012 in Columnists,Columns,Editor's Pick,Inquirer Opinion | Read More »

Advertisement

News

  • Pakistan buries victims of school massacre
  • US spy jailed in Cuba for 20 years comes home
  • Egypt arrests 26 suspected gays for ‘debauchery’
  • 28 soldiers to be honored on Thursday
  • US judge: Boy, 14, shouldn’t have been executed
  • Sports

  • No Mayweather talk as Pacquiao turns 36
  • Painters, Aces begin F4 duel
  • Ateneo’s Dato bags Asean U-Games gold
  • Tamaraws, Tigresses split UAAP athletics honors
  • Champions League to gather PH volleyball’s best next year
  • Lifestyle

  • Takoyaki balls in various flavors
  • Bad mood is bad for cooking
  • Bangus Restaurant Pata Tim and Chicken Tim
  • Showcasing Filipino cuisine in Shanghai
  • 11 safety tips for decorating with holiday electric lights
  • Entertainment

  • Sharon Cuneta to be good Pasay mayor—Senator Sotto
  • Coleen: Billy is the perfect partner
  • Sony cancels release of comedy on N. Korean head Kim Jung-un
  • Traffic!
  • Lav Diaz lands on prestigious year-end lists
  • Business

  • Dow gains nearly 300 points as Fed keeps rates low
  • ADB cuts growth forecasts for PH, Asia
  • SMC completes 2nd section of TPLEx
  • Japan firms in PH seen expanding operations
  • Cebu to bid out 45 hectares of reclaimed land
  • Technology

  • New setback for efforts to cure HIV infection
  • Facebook activates safety check tool
  • Google PH pays tribute to OFWs with heartwarming video
  • Mars methane baffles scientists
  • Apple cleared in iPod antitrust suit
  • Opinion

  • Editorial cartoon, December 18, 2014
  • Uninhibited
  • The Grand New Bilibid Hotel
  • What is Christmas, really?
  • DepEd to boost IP education
  • Global Nation

  • Immigrants get closer to having driver’s licenses in Arizona
  • Filipino crewman severely burned on ship off Chile
  • US labor dep’t wins $637K in back wages, damages for elderly care employees
  • Eviction of Zamboanga refugees puts lives at risk, says Refugees Int’l
  • Body found in car of missing Fil-Am woman
  • Marketplace
    Advertisement