(With pics) Wanted: Cyrus Hao of Royal Manchester Five Trading Corp.
March 11, 2008
The manhunt is on for 28-year-old Cyrus Yap Hao, said to be the president of Royal Manchester Five Trading Corp. (RMF), a foreign currency investment company that duped thousands of investors of money amounting to more than P2.1 billion (US$51 million).
Several investors trooped to the National Bureau of Investigation (NBI) this week to complain that the checks they are holding have been dishonored and that Cyrus Hao, who hails from Pilar, Sorsogon, and Renato San Juan, company vice president for marketing, could not be located. The two are feared to have already fled the Philippines on Tuesday, March 4.
Other officers of RMF — Vice Presidents Joesedev Colina, Edwin Rosas and Joseph Bualoy, and Vice President for Finance Rowena Uy — claim they have also been cheated, but investors say they do not believe them.
RMF is a currency-trading investment program that enticed investors with a guaranteed return of 4-5% every month. Minimum investment amount is P200,000 ($5,000).
Celebrity-investors said to be victims of the scam include professional basketball players and an actor. They are:
- Ginebra Gin Kings player Rafi Reavis (P8.9 million plus $330,485.40)
- Johnny and his wife Mary Ann Abarrientos (P6.9 million, plus another P2.5 million from Johnny)
- Mark Macapagal (P2.5 million)
- former Purefoods Hotdogs coach Eric Altamirano and wife Marissa (P1.2 million and P0.889 million, respectively)
- Alaska cager Edward Juinio (P7.2 million)
- actor Rustom Padilla ($47,000)
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If you have any information about Hao and other accused scammers, please contact the following offices or approach your local police:
National Bureau of Investigation
NBI Building, Taft Avenue, Manila, Philippines
Tel. No. (+632) 523-82-31 to 38
Securities and Exchange Commission
Compliance Monitoring and Enforcement Department (SEC-CED)
Tel. No. (+632) 724-7650 or (+632) 727-2267
Join the discussion of RMF Trading Corporation here:
Pictures of Cyrus Hao and some RMF’s officers and staff (images contributed by PMT members):
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Keep yourself updated on the latest money and income news!
May 5th, 2008 at 12:03 am
Ano ng balita sa mga incorporators? muhakng wala ng nangyari ah…
April 8th, 2008 at 4:22 pm
to all victims,
please lang lahat ng agents natin ay accountable din sa atin, Dapat lang silang managot sa atin. Nakinabang din naman sila sa atin. Imagine 4 % sa atin at sa kanila ay yung 3 to 5 percent ang nakukuha. Sana madala na rin ang mga taong mapagsamantala sa mga taong walang malay na nakumbisi sa magaganda nilang pangako. Yun pala ang tingin sa bawat ma rerecruit nila ay pera ang nakikita sa ating mga biktima. di man lang nila naisip ang kinabukasan natin. kapag nakapag recruit sila ng isa imagine that kung 1m ang binitawan ng isang investor eh almost 40t ang makukuha ng mga agent sa atin .. kung 200t naman ay 8t to 10t ang kanila. so kapag naka recruit ka ng 20 na tao kahit 200t lang ang bawat isa ay mayroon siyang 80t to 100 t. sa loob ng isang buwan.. so easy money nga naman … walang kahirap hirap…. now i know .. kung gaano tayo nakumbinsi… dahil pera ang tingin nila sa atin 8t ang tingin.. napakasakit.. sa atin dahil kinabukasan sa amin pero sa kanila eh … para sa ambisyon nila na hindi ko maintindihan. Magandang salita ang sa atin ay sinabi.. sabi nila pera ang tingin sa atin.
Mga Agent , Sa incorporators, sana baayran nyo kme.. ang mga taong walang malay .. maliit man sa amin pero kinabukasan namin ay nasaan na…
Makonsenya din kayo…..
April 3rd, 2008 at 11:11 am
To all the victims of this scam and other scam, may these serve us all a lesson…matuto sana tayop sa mga nangyayari sa atin. Hindi dahil malaki ang kikitain, kakalimutan na natin ang risk na kasama ng investment na ino-offer.
Remember guys, all business has a risk..wealang negosyong walang kakambalo na pagkalugi.
Second, kung mag iinvest ka, dapat hindi working money, dapat excess money lang, para malugi man o mapasama ang position ng business, hindi lahat ng pera mo nawala.
Learn from youir mistakes, check before you enter…its like crossing a railroad…stop…look and listen…
I am hgoping that who ever is the criminal, maparusahan, yung mga inosente na nadamay lang, sana mapawalang sala at malinis ang pangana. Yung mga pera ng investor, sana mabalik na, yung mga agents, may responsibilities din sila, dapat saghutin nila ang mga tanong ng mga victims.
God Bless