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Friday, November 30, 2012

Pagadian City Mayor Also Involved in Pyramiding Scam?

     Pagadian City Mayor Samuel Co and his wife are allegedly involved in the pyramiding scam that has swindled thousands of residents and has rocked the whole Zamboanga Del Sur Province. Mayor Co was quick to deny the accusations and said that he was also a victim of the Aman Futures Group; he further repudiated reports that he was accepting huge amounts of money from investors at his residence and at his office in Pagadian City.

     Recently, pictures of Mayor Samuel Co and Aman Futures Group owner Manuel Amalilio were released to the public by anonymous sources. The National Bureau of Investigation (NBI), the Department of Justice (DOJ) and other Government Agencies investigating the pyramiding cases are carefully studying the evidence and allegations if the City Mayor is indeed in cahoots with the Aman Pyramiding Syndicate.

     Mayor Co claimed that his political detractors and opponents are deliberately trying to destroy his reputation because of the upcoming 2013 Elections. Co even accused his political rivals and adversaries of spreading black propaganda against him to insure his defeat next elections.

     Mayor Co should answer the accusations that he was also collecting and paying off investors right in his home and in his office. He should show proof that the pictures of him and Amalilio are faked, fabricated or invented and therefore not to be taken as proof of their illegal partnership. Mayor Co should not drag the issue of politics since the case of Economic Sabotage or Large Scale Estafa (Embezzlement) is far more serious than him losing the Elections next year. He and his wife could end up in jail for the rest of their lives once proven guilty.

     Mayor Samuel Co may be a rich and powerful person in Pagadian City but when the thousands of investors that he conned start taking the law in their own hands....like some of the Aman Group victims, Samuel Co may just end up dead too.

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