Comments on: Supreme Court issues TRO vs. Legacy banks

By: angelina

angelina — Tue, 14 Apr 2009 07:34:50 +0000

there will be next for legacy! a rural bank that manage of a business woman who is visible in television in some link issue of an actor. CB watch that bank

By: abigail c. santos

abigail c. santos — Fri, 16 Jan 2009 04:27:56 +0000

regarding the issue about the legacy group of company,i can say that the employees specially the executives of legacy are using the companies money.how they can explain that including the vice president of the company carolina hinola owns not one but several luxury cars.

By: Yvon Thea

Yvon Thea — Mon, 15 Dec 2008 04:36:04 +0000

OMG! Rural Bank of DARBCI is included. I invested in LEgacy and they put my money in that Bank! Should I be worried???

By: inqui

inqui — Sun, 14 Dec 2008 02:11:11 +0000

for those who holds CTD ( certificate of time deposits ) hope that the banks will close so you can get your investments back. for those who holds PDC ( post dated checks ) pray that the banks will reopen after they declare the “bank holiday”. the status of the Legacy Group for now is not yet disclosed , for what I can see , not any banks they own has declared closed, bank holiday just means they are rehabilitating, which I hope before the year ends they can give us the great news that they are back in business.

By: papa padol

papa padol — Fri, 12 Dec 2008 14:05:52 +0000

if there is anything that can be done to recover our investment, please do tell us how. i hope the chairman will come out with a clear guidelines or instructions for all its depositors. thank you

By: inqui

inqui — Thu, 11 Dec 2008 10:34:09 +0000

Here this out , the Legacy Group of company decided to closed since Monday. And planning to start selling all its assets, so they can pay back their investors. At first they told us that they are giving back the initial investments ,but it will take a long time, so the investors have to wait cause it will be a very long process. Those who has CTD can claim their investments in PDIC, sad thing for those who holds checks cause they have to claim it in court. This is the idea of Legacy’s christmas gift to all their investors. I hope the chairman and all the employees knows what they are doing and what they are giving to their investors. And may they have a great christmas and peaceful sleep every night, until they’ve return the last centavo they owe to the investors.

By: inqui

inqui — Sun, 07 Dec 2008 10:41:14 +0000

wow , what a reply from BSP, these people really love some individuals to suffer. I wonder what will they do if the Banks concerned are going to closed? Even if their re audit passed? Where can the investors seek for help? Will there be help?

By: Steve

Steve — Sat, 06 Dec 2008 12:38:39 +0000

Yes I agree totally, in fact I emailed BSP to enquire as to what was going on & explaining that many people here in Surigao are in major financial crisis.
The reply is listed below, although I have to ask myself why they even bothered…?

Dear Sir/Madam:

The BSP acknowledges receipt of your electronic mail. However, due to numerous requests/inquiries received by the BSP mail daily, answers to these will be made on a first in first out basis.

Thank you for your kind understanding.

BSP Webmaster

By: inqui

inqui — Fri, 05 Dec 2008 00:46:33 +0000

I know that the Legacy Group will surpass this problem , but to be fair , I think their agents should be professional enough to be nice to their investors, if not for the investors they’ll not be where they are now.

By: inqui

inqui — Fri, 05 Dec 2008 00:40:41 +0000

I was wondering , why do they have to tell us that they were hit by the global crisis ? There investors have the right to know what’s happening , the least they can do is tell us , anyway if investors withdrew their investments almost 50% of their total investments are lost , Legacy still gains. I do not believed that they didn’t see this coming , I know that before they go through this kind of business , they thought of this scenarios. I’m also wondering why the Banko Sentral did not have the consideration of letting the public know what’s going on , the least they can do is let the public know so that the investors can do something before it’s too late . I hope they can see what’s going on , and let it be in their conscience that the investors of Legacy Group of Companies , is having a hard time now , specially those who’s everyday lives depends on what they get from their investments.

By: Steve

Steve — Thu, 04 Dec 2008 08:20:05 +0000

Hi Guys,

I and many other friends of mine have investments with Legacy, investments that have not paid out since the end of September !!! Although I myself did get paid in cash from the Surigao Office.
The story we are being fed is that Legacy is changing it’s bank from East West Bank to Banco de Oro because of better security in the current financial climate. I and many of my friends have had cheques bounce in the last month, ie those due for payment at the end of November. When I queried this with the manager of the Surigao branch, he told me that the chairman had impossed a two month monetorium on payments (frozen all payments until the end of January).

The question I have to ask is, are we being fed a load of BULL S***….???? If so what is the correct procedure to follow now …? or do we all kiss goodbye to our investments…???

Regards from a very dissapointed Welshman :-(

By: Financial Planning Phil Setting

Financial Planning Phil Setting — Tue, 02 Dec 2008 15:00:35 +0000

Isn’t it Rural Bank of Paranaque the one offering the 20% interest? I’m not very sure but that’s what I heard from a colleague.