Scam confirmed: RMF Trading Corporation
March 7, 2008
In the beginning, there was FrancSwiss.
Then came Performance Investments Products Corp. (PIPC) and Performance Foreign Exchange Corporation (PFEC).
Now, the latest multi-million peso scam to emerge is Royal Manchester Five, also called RMF Trading Corporation.
Several RMF agents and investors posting in the Royal Manchester Five discussion thread in the PMT Forum are confirming that the company is now officially a scam after the CEO and owner, 28-year-old Cyrus Hao, purportedly ran away with millions of dollars worth of investors’ money.
Says PMT member faithfully: All of the issued checks lately bounced kaya nag trigger na puntahan sa house na yung Chairman (Cyrus Hao) kase they can’t get hold of him and he’s the only one who has access sa bank accounts… it’s confirmed, the chairman ran off, the directors can’t find him anymore.. the house is empty and all bank accounts are closed.
Says suzette07: mukhang sa zamboanga daw dumaan then malaysia…
The development is strikingly similar to that of another fallen company PIPC, whose Singaporean owner Michael Liew allegedly fled the Philippines and disappeared with between $140 million and $250 million of funds in tow.
RMF is an investment program that enticed investors with a guaranteed return of 4-5% every month. Minimum investment amount is P200,000 ($5,000).
Money is supposedly used to trade in foreign currencies, although registration documents from the Securities and Exchange Commission (SEC) showed the company is engaged in the buying and selling of cars.
Judging from posts in the Royal Manchester Five discussion thread, the company amassed millions of pesos from a number of high-networth Filipino investors. In May 2007, member richpulubi posted that “a friend invested about P1.2 million.” Another member, mjat, shared that “my aunt just invested P3 million” in February 2008.
The said forum thread had heated discussions regarding RMF way back in early 2007. A number of pro- and anti-RMF posters have been arguing since then whether the company is scam or not.
In September 2007, PMT member the.oracle had a bold prediction about RMF:
sorry for being rude but i smell something’s fishy with RM5. feeling ko talaga scam eto just waiting for the perfect time to elope with people’s hard-earned money.
Now we know he’s right.
Join the discussion of RMF Trading Corporation here:
- Royal Manchester Five forum discussion (Part 3)
- Royal Manchester Five forum discussion (Part 2)
- Royal Manchester Five forum discussion (Part 1)
April 10th, 2008 at %I:%M %p
Hay naku,itong si mr.caloocan talaga ubod ng sinungaling…awang-awa tuloy ako sa asawa nya…napakabait pa naman,even yong family nito, tapos nakapangasawa lang ng ganitong klaseng tao na may sayad pala.
alam nyo si P.A. mukhang di man lang sumagi sa isip nito na si mr.caloocan e si fagotrold.E kasi naman ang alam ko sobrang nagmamalasakit si P.A. sa tao na to.Nakakagalitan man sya e para icorrect sya sa mga palpak nya dahil madami nga syang sablay…iyon e correction na may pagmamahal galing sa nagmamalasakit na parang magulang.
Alam mo caloocan,sa ginawa mo…ang daming nawala sa yo…e baka makulong ka pa!para sa akin,dapat matuto ka …in a hard way…sa kulungan…di biro ang ginawa mo…at ng di ka na pamarisan!
April 10th, 2008 at %I:%M %p
NAGING ‘CONSTRUCTION WORKER’? SI FAGOT? HA HA HA HA HA HA HA HA!!!!
April 10th, 2008 at %I:%M %p
ETO MATINDI!….NAGING LEADER SI FAGOT NG ‘CHAMPIONS FOR CHRIST’?!….HA HA HA HA HA HA HA HA !!!!!
April 10th, 2008 at %I:%M %p
to caloocan,
buhay ka pa pala… akala ko RIP ka na. ? di ka pa rin tumitigil.. tantanan mo na ito ha… di kame galit sayo sa ginawa mo… feel mo lang yan kasi guilty ka noh.. di ka makatulog sa ginawa mo sa P.A.at least yung PA na yinurakan mo at kame dito ay nakakatulog ng masarap kasama si God. eh ikaw …Guilty…. nanghihikayat ka pa ha… instead na mag sorry ka sa amin at magpakumbaba eh… Attitude problem ka talaga.. di ka pala na settle sa problema mo noon. Anyway may Victory Weekend pa naman eh… attend ka ha…. Kung ako sayo i sesetle ko muna sarili ko and them mag rerepent ako sa mga taong nasaktan ko para makapag move on ka na …
kame naka pag move on na since na nangyari ang scam… kasi di kame naka focus sa pera.. kay God kame naka Focus… pinatawad na namin ang mga taong gumawa ng scam na ito. kung sino man sila… God knows naman.. Mas kawawa nga ang mga taong mapagmahal sa pera… Test lang ito ni God .. Si God ba ang pipiliin mo o ang PERA .. remember si God ang Source ng lahat… Anytime pwede nyang kunin ang pera natin.. anytime pwedeng palitan kung tama ang attitude mo. ibabalik ni God ito ng sobra sobra pa sa hinahangad natin… sabihin mo mag move on na kame.. baka ikaw yun di pa rin maka pag move on sa ginawa mo… wag mong ilagay ang sarili mo sa amin.. kung ano ang mga sinasabi mo at sinusulat mo dito ay ikaw yun dahil yan ang laman ng puso mo…..
REST in peace ka na sana at makatulog ng masarap at mahimbing at di na magising…
April 10th, 2008 at %I:%M %p
TEYKA MUNE…SE EKENG PELEGEY E MES MEKEKEBETE NE MEG ESEP ETENG SE HERELD…DEPET E MEG SERRY SYE SE MGE MELENG PERETENG NYE SE MGE TEO…KENG ME PREBLEME SYE E DEPET KENEUSEP NYE MUNE SE PESTER R. PERE NEEYES NE DE NE NEKERETENG SE ENTERNET ENG PREBLEME NYE, KESE PETE CHERCH E NESEREEN NYE..ME PEG KE WELENG HEYE DEN TENG DEMEHO NETO NE…PELEGEY KE NGE E ME SEYED!!!PERE KESE LERE ENG NESE ESEP E ME ENEK NE..HELEG PE REN MEG M.U…KEYE NEG KESEYED…ENGET KEYE PEG KENEESEP NYE YEN HE..BEBE KEGETEN KEYE!
April 10th, 2008 at %I:%M %p
you are a devil am sure of that, the fact that u dont beleive that rmf is a scam!!!
April 10th, 2008 at %I:%M %p
di po ako si ms/mr caloocan.. nag share lang po ako ng quiet time ko .. kasi po kawawa naman si caloocan ..baka di na siya nag quiet time eh… kasi masasama ang mga sinusulat niya sa blog na ito… baka sakaling matauhan at magising sa katotohanan .. dapat kung si P.A ang problema mo dapat siya ang kinausap mo at di dito sa blog mo sinaulat… ala eh.. nakakahiya kung baga si caloocan. turo kasi sa akin eh.. kapag may problema ako sa tao dapat mismo si caloocan ang kumausap kay P.A. at ayusin nilang dalawa di dito sa blog… Anyway …. pasensya na po ha… kasi nag share lang ako ng quiet time ko…..
sa mga nabiktima..well may Justice naman eh… Si God na ang mag provide ng needs natin… God Bless po sa inyo……..
April 13th, 2008 at %I:%M %p
Kita mo tong si harold, dinamay pa ang “Champions” sa calocohan nito. Sa susunod, sasabihin nito head din sya ng intercessory, music at lahat ng ministries. Tindi ng tama nito. I have been with the CFC and as far as I know, walang ganyan pangalan na head ng CFC sa baguio. Baka naging waterboy kalang nung nag out reach game dun, then sinabi mo na head ka.
April 13th, 2008 at %I:%M %p
Proverbs Day 104 (KJV):
Proverbs 14:13-14(KJV):
13 Even in laughter the heart is sorrowful; and the end of that mirth is heaviness.
14 The backslider in heart shall be filled with his own ways: and a good man shall be satisfied from himself.
Thoughts for the Day
The book of Proverbs makes many observations, and these scriptures speak of a laughter that contains sorrow. Verse 13 speaks of a heart that is sorrowful, even though that person may be laughing. Since laughter is an emotion, it proceeds from the soul of man. When a man’s soul has not been redeemed, he may laugh temporarily at certain things that are funny to him, while deep in his heart he is most miserable. Until we are “born again” we cannot know real happiness and joy because these things only come from a relationship with Jesus Christ. The world has always been amazed at how true Christians could maintain a spirit of joy even in great trials and suffering. This is possible because the Lord gives His joy to His saints and it is not dependant on circumstances, but rather upon abiding in Christ. The power of the Holy Spirit can sustain us in our deepest trials.
Verse 14 states that those who are backsliders (those who slide back from God) have no reserves to lean on as they are not filled with the Holy Spirit, but rather are filled with their own ways. They have no inner strength to bring them through their trials. Consequently, many of God’s own people are destroyed for lack of faith, when under attack of the devil. This is why it is so important to use our time wisely. When things are going good in life we need to use that time to study God’s Word and store up the truths of God in our hearts. We can be ashamed in our Christian walk if we do not know God’s Word.
2 Timothy 2:15: “Study to show thyself approved unto God, a workman that needeth not to be ashamed, rightly dividing the word of truth.”
Many Christians are perplexed as to why one Christian is walking in the favor and victory of God, while others are suffering and cannot seem to obtain the victory. The devil tries to tell men that God loves the apparent favored one more, while He has failed the one who is deep tribulation. This is a lie of the devil. God loves all of His children equally. He is not a respecter of persons. However, God is a respecter of one thing, and that one thing is — He honors His Word. Therefore, God honors and respects all of those who practice the Word of God. This means that the only advantage one Christian has over another is their knowledge of the Word of God, and their obedience to it. That is why we are told to study the Word of God, as a lack of knowledge can lead to our downfall. In the following verse, God declares that His people are destroyed because they lack knowledge.
Hosea 4:6a: “My people are destroyed for lack of knowledge.”
We can understand how a lack of knowledge can be detrimental in the things in this life, but when it comes to the things of God, many seem to think that it does not matter. Ignorance is a cause of much suffering in this world, in the natural, as well as the spirit. I can think of a perfect example of this truth. A number of years ago when Bud and I made a missionary journey to India, we visited a small church that had much sickness and dysentery in every family. When we ask the mothers who had children with fever to bring them forward for prayer, almost the whole church came forward. We stretched our hands out over the crowd and prayed and rebuked the fever in the name of Jesus and instantly the children who were hot with fever were restored to their normal temperature. The Holy Spirit healed them all. We were rejoicing in the goodness of God to these people, as we had remembered how Jesus in the New Testament had prayed and rebuked devils and people were healed.
Matthew 8:14-17:
14 And when Jesus was come into Peter’s house, he saw his wife’s mother laid, and sick of a fever.
15 And he touched her hand, and the fever left her: and she arose, and ministered unto them.
16 When the even was come, they brought unto him many that were possessed with devils: and he cast out the spirits with his word, and healed all that were sick:
17 That it might be fulfilled which was spoken by Esaias the prophet, saying, Himself took our infirmities, and bare our sicknesses.
The next day we were in the home of the pastor and one of his children had a fever again, after being healed the night before. When we began to pray about this, the Holy Spirit began to speak that we needed to deal with the root of the sickness. We were not aware that the water in that neighborhood was contaminated and that the fevers and dysentery was caused by impure drinking water. After quizzing the pastor and asking several questions, we found out that the water pipes to the houses and the sewer pipes were laid side by side and because the pipes were old and leaking and the joints were not sealed properly, the sewage water was contaminating the water in the water pipes. We told the pastor to begin at once to boil all their drinking water, and to tell the church families to do likewise. Through this word of knowledge the families were spared illness caused by water-borne bacteria.
Lack of knowledge is causing disease in the whole church. Lack of spiritual knowledge can also cause spiritual sickness in one’s life. We must study and obey the Word of God so that we can overcome the problems in this life and walk victoriously in the Lord.
Prayer for the Day
Dear Heavenly Father, I thank You for the joy that You have given me. I do not want to take the fruit of the Holy Spirit for granted. I am blessed to experience Your love, joy and peace, especially in the middle of my trials. Truly You give us peace that passes all understanding. Father, give me a continued love for Your Word and a desire to study it faithfully. I also need the grace to apply it in my daily life. Help all of Your people to esteem Your Word and honor You by keeping it. May we all declare as David did in Psalm 119:11, “Thy word have I hid in mine heart, that I might not sin against thee.” I ask in the name of the Lord, Jesus Christ. Amen.
April 16th, 2008 at %I:%M %p
To P.A.,Branch Church & Leaders,
Gusto ko lang mag sorry sa Ptr ko, Tama ka dapat personal kitang kinausap about this at hindi dito sa Blog.ang pagkakamali ko ren hindi dito dapat sinabi ang lahat ng gusto kong e-reklamo sayo. Totoo ren na wala kang luxury at wala ren naman akong proof na madami kang pera sa bangko.
Totoo hindi mo ako investor,ngunit tinuruan mo ako para mag refferals at explain mo sa akin kung ano ang RMF.kung saan muntik na kaming mag invest at mag reffer sa family, relatives at friends namin.Buti na lang hindi namin tinuloy at nang pumutok sa media ang RMF at nag research ako, dun ko nalaman ang totoong takbo ng RMF.
Dun na ko nagalit at naawa ako sa mga investors mo lalo na’t taga church at lalong di ko na ma take ng makita kong walang action ginawa ang branch church natin samantalang nun february 2008 pa nagtalbugan ang mga cheke. Kaya nagsumbong na ako sa EN. Alam ng EN ang totoong identity ko at pinabasa ko ren ang mga sinulat ko sa blogs. Sa EN ko ren nalaman na bawal pala ang double job sa work mo.
Yung mga nag comments na hindi naniwala sa naging life ko na naging paid staff ako,na discipline at na restore, nag work ako sa construction, Leader ng CFC at pioneer sa church plant, GOd bless you na lang sa pang lalait nyo dahil maniwala man kayo or hinde, yun ang totoo.
Alam kong marami akong nasaktan na tao at ako’y humihinge ng tawad sa inyong lahat lalo na’t sa P.A.,head ng branch church namin at sa mga leaders. Sana bigyan nyo pa ren ako ng chance upang makapag-usap tayo. Ready akong humarap sa inyo para mag explain at e-correct ang mga pagkakamali ko.
Eto na talaga ang last blog ko dito. Dito ako nagsimula kaya dito ko na ren tatapusin ang last blog ko.
Magkakakilala ren lang naman tayo, text na lng or call ang mga gusto nyong sabihin kahit masakit handa kung tanggapin.