Cyrus Hao worked for the ‘Queen of Pyramiding’
March 20, 2008
Cyrus Hao, chief executive of Royal Manchester Five, apparently learned the ropes from Rosario “Rose” Baladjay, owner of pyramid scam Multinational Telecom Investors Corp. (Multitel), for whom he worked for prior to starting his own pyramid operation.
The Manila Standard reported that Cyrus Hao started recruiting people for Royal Manchester Five shortly after Multitel was shut down with Baladjay’s arrest in 2003.
Rose Baladjay is known as the “Queen of Pyramiding” in the Philippines after her Multitel company scammed more than P100 billion ($2.5 billion at the current exchange rate) from around 2 million investors. She enticed investors with guaranteed returns of 4-5% per month or, as an alternative, a double-your-money offer or 100% return after 18 months.
Funny, odd news this Christmas
December 26, 2007
It’s Christmas time now but that doesn’t stop people from making weird or absurd things. Here’s a collection of funny and odd stories related to Christmas that we spotted on several news websites.
Enjoy the holidays and enjoy these holiday stories!
#1 - Thieves steal Noche Buena Christmas food
Three men held up a Goldilocks store in Pasig City just before closing time on Christmas Eve, taking with them not only cash and personal belongings of the victims, but also a large box of puto, a type of rice cake considered to be one of the store’s specialties.
In a separate incident, a taxi cab driver ran away with a lechon (roast pig) that was supposed to be delivered to a house in Quezon City on December 24.
