Aman Futures pyramid scam case
 | This article needs to be updated. (April 2015) |
| Company type | Privately held |
|---|---|
| Headquarters | Malaysia |
Area served | Philippines |
| Services | Multi-level marketing / Pyramid scheme |
Aman Futures Group (simply referred as Aman Futures) was an investment and privately held company based in Malaysia with branches in the Philippines.[1] It has also been allegedly engaged in a pyramid scheme.[2][3] The group was founded by Manuel K. Amalilio, a Filipino of Malaysian descent.
Controversy
Aman Futures was reported as a pyramid scheme in 2012 by the
After the manhunt for the brain behind the scam was launched, two of the company's employees surrendered. Maria Donna Coyme, who is reportedly the chief finance officer of Aman Futures; and Jacob Razuman, one of the firm's top brokers, are currently being investigated for their role in the scam said the National Bureau of Investigation and the Philippine National Police.[8]
Twenty one Filipino police officers and two fire officers filed syndicated
The Malacañang Palace has assured that the victims of Aman Futures should not take matters of their own, as authorities are doing their work to put to jail those responsible for the pyramid scam that duped thousands in the Visayas and Mindanao area.[3]
Gunmen related to the 14 December 2012 gunshot in Zamboanga City were possible employees from Aman Futures. Investigators said it was possible that the attack may be linked to the Aman Futures that is known to have victimized thousands, including many policemen.[10]
In 2013, the founder of Aman Futures, Manuel K. Amalilio, was caught in Malaysia after pleading guilty to charges of holding false travel documents.[11] He was then supposed to be deported to Manila on Friday, 25 January at estimated time of 19:45 PST to be jailed the NBI said.[12] However, the Malaysian authorities stopped Amalilio's deportation and he was sentenced a two-year imprisonment in Malaysia.[13][14][15][16] Some of the members of the Malaysian opposition in the Philippines disagreed in the Malaysian authorities' stopping of Amalilio's deportation during an interview at ANC. They also have questioned the jail sentence handed down to him in Malaysia.[17] In 2014, Manuel was freed from Malaysian prison following a representation to the court by his family. The Malaysian Department of Foreign Affairs then declined the Philippines' request for extradition.[18]
See also
References
- ^ "Aman Group Philippines Incorporated". Stock Market Investing. Archived from the original on 31 May 2013. Retrieved 22 November 2012.
- ^ The Philippine Daily Inquirer. Retrieved 22 November 2012.
- ^ Business Mirror. Archived from the originalon 2013-05-08. Retrieved 22 November 2012.
- ABS-CBN News. Retrieved 22 November 2012.
- ABS-CBN News. Retrieved 22 November 2012.
- ABS-CBN News. Retrieved 22 November 2012.
- ABS-CBN News. Retrieved 22 November 2012.
- ^ Jacinto, Al. "2 Aman Futures employees surrender". The Manila Times. Archived from the original on 2012-11-28. Retrieved 22 November 2012.
- The Philippine Daily Inquirer. Retrieved 22 November 2012.
- ^ Cabato, Jung-Jung. "Gunmen kill policeman in Zambo City; probers considering Aman Futures link". News5. Archived from the original on 5 March 2016. Retrieved 15 December 2012.
- The Manila Bulletin. Retrieved 10 February 2013.
- ^ Cancel, Fatima Cielo, Jacinto, Al (25 January 2013). "Amalilio arrives in Manila today". The Manila Times. Archived from the original on 2013-02-01. Retrieved 10 February 2013.
{{cite web}}: CS1 maint: multiple names: authors list (link) - The Philippine Daily Inquirer. Retrieved 10 February 2013.
- ^ "DoJ: Deportation delay due to Malaysian complaints". BusinessWorld. 27 January 2013. Retrieved 10 February 2013.
- The Manila Bulletin. Retrieved 10 February 2013.
- ABS-CBN News. 5 February 2013. Retrieved 10 February 2013.
- ABS-CBN News. 8 February 2013. Retrieved 10 February 2013.
- ^ "Court frees Amalilio, rejects extradition to PH: report". ABS-CBN News. Retrieved 2018-08-14.