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

  • Binays face plunder case for PH’s priciest parking building at P1.56B
  • Why didn’t gov’t see the disappeared?
  • P800M DAP funds used to fix Palace, tourism, etc.
  • Mabini still sounds painfully familiar
  • In the Know: ‘Save Makati’ is ‘city’s chief conscience’
  • Sports

  • Manny Pangilinan assures refund for Last Home Stand, apologizes to fans
  • Fans asking for refund after organizers of Last Home Stand cancel game
  • Blake Griffin, Paul George back out from Last Home Stand
  • NBA stars happy to experience basketball culture in Manila
  • Cristiano Ronaldo ready to rumble after World Cup flop
  • Lifestyle

  • ‘All the attention is on me–but then, so are the expectations’
  • Cobonpue brings nature’s splendor to Japanese dining
  • Have a ball with this memo holder
  • Popular home brand opens first branch in Southeast Asia at BGC
  • Essentials for your emergency food kit
  • Entertainment

  • Pushy parent showers insiders with gifts to boost child’s career
  • Oscar winner in Italian fest
  • Filipino indie wins in Madrid
  • Alfred Vargas a happy man
  • Jinggoy Estrada misses kids, but won’t comment on their fight vs Mo Twister
  • Business

  • NFA eyes additional imports of 400,000 MT
  • PSEi closes lower
  • Moody’s lowers 2014 growth forecast for PH
  • SMC boosts flour mills
  • Biz Buzz: Borjer’ is back
  • Technology

  • Britain’s Prince Harry voices hatred of Twitter
  • Tips for effective e-mail marketing
  • NDRRMC, Smart collaborate for disaster preparedness app
  • Amazon rolls out ‘Netflix-for-books’ style service
  • Amazon launches Kindle Unlimited service
  • Opinion

  • Editorial cartoon, July 23, 2014
  • When OFWs come home
  • Calling on the rabble
  • Storytelling
  • The good and bad news of the power problem
  • Global Nation

  • UK cannabis seed trader fights deportation
  • Filipino tourists advised not to go on a pilgrimage in Israel
  • Vietnam says extreme weather linked to typhoon kills 27
  • US military promises to fix Zamboanga City airport runway
  • Other countries where Crisis Alert Levels are up
  • Marketplace
    Advertisement