Cyrus Hao, Royal Manchester Five and the P1.1 million Abba-Deo contract
March 26, 2008
Cyrus Hao, chief executive of Royal Manchester Five (RMF) — a foreign currency investment program that duped investors billions of pesos, is still at large.
Hao, who hails from Pilar, Sorsogon, and Renato San Juan, company vice president for marketing, are feared to have already fled the Philippines on Tuesday, March 4. If you have any information on their whereabouts, 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
Pictures of Cyrus Hao and other RMF agents are in the article Wanted: Cyrus Hao of Royal Manchester Five Trading Corp.
Also shown is a copy of the contract of RMF with the Abba-Deo Prime Express Corporation, an organization that invested P1.1 million in RMF. The investment was supposed to earn 3.5% per month for 6 months, with the first interest to be paid in March. Unfortunately, the RMF scam unfolded even before Abba-Deo saw a single cent of interest.
Update: Sources tell us that, actually, Abba-Deo was a marketing arm set up exclusively for RMF. Whether they were victims or contributors to the scam is currently part of the police’s investigation.
Discuss RMF in the following threads:
- Royal Manchester Five discussion (Part 3)
- Royal Manchester Five discussion (Part 2)
- Royal Manchester Five discussion (Part 1)
Click for more interesting, useful and related posts:
- Renato San Juan of royal manchester five trading corporation