Royal Manchester Five update: 8 officers charged with estafa
May 25, 2008
The latest development on the Royal Manchester Five (RMF) scam: the National Bureau of Investigation filed charges last week against eight officers and incorporators of the RMF Ponzi scam.
Charged with estafa at the Department of Justice (DOJ) were:
- Cyrus Hao, RMF board chair and president;
- Edwin Rosas, senior vice president;
- Rowena Uy, treasurer-chief finance officer;
- Joseph Bualoy, chief operations officer;
- Joesedev Colina, executive vice president;
- Cyril Alexander Digo, sales agent;
- Estrella Digo, sales agent; and
- Clarence Lao, sales agent
The charges were based on the complaints filed by 27 investors victimized by the Ponzi scam.
Some months ago, dozens of RMF investors trooped to our site to air out their experiences investing with RMF. Most of them talked about losing money, sometimes reaching millions of pesos.
Where are they now? Why were there only 27 complainants?
Related discussions:
- Royal Manchester Five forum discussion (Part 4)
- Royal Manchester Five forum discussion (Part 3)
- Royal Manchester Five forum discussion (Part 2)
- Royal Manchester Five forum discussion (Part 1)
Related articles:
- Scam confirmed: RMF Trading Corporation
- (With pics) Wanted: Cyrus Hao of Royal Manchester Five Trading Corp.
- Cyrus Hao worked for Rose Baladjay, the ‘Queen of Pyramiding’
May 25th, 2008 at %I:%M %p
good…
June 16th, 2008 at %I:%M %p
ano na ba tlaga balita sa knila??? Parang ala naman nangyayari sa kaso ha?
June 24th, 2008 at %I:%M %p
Wala na nga uli latest update tungkol dito… tsk tsk..
July 23rd, 2008 at %I:%M %p
nabasa ko na may 25 na complainants…gusto ko sumama sa kanila…gusto ko rin maging opisyal complain ko….papaano ba ako makapag comuunicate sa kanila….grupo ba sila?….puwede ba mag join sa kanila…tenks…
February 1st, 2009 at %I:%M %p
Report nyo sa NBI ang bahay ni Cyrus sa greenwoods kasi for sale daw. Address ng house & lot chesnut corner maple st., greenwoods, cainta, rizal. address ng pinsan ni cyrus na c eugene deocaresa sa manuguit, tondo manila.
July 23rd, 2009 at %I:%M %p
Nabenta na yung bahay sa greenwoods pinaghatian ni clarence lao at nung eugene na bakla yung pera. Ang kakapal ng mga mukha nagpapasasa sa nakaw, di na nahiya. At saka yung mga sasakyan na naiwan pinaghatihatian na nila nung mga kamag-anak dun sa Bicol sila ang nakinabang tapos mga nagpapatay malisya pa na wala daw silang alam eh sa totoo lang planado na lahat. Wala nmn mangyayari sa mga kaso na yan mga ganid ang nasa Gobyerno sayang lang pagod nyo.