Fooled thousands: NBI ordered to probe group that promised to give away Marcos wealth

Image from Philippine Daily Inquirer
  • DOJ secretary ordered NBI to investigate organizers of recent mass gathering in UPLB
  • He encouraged aggrieved parties to come out and file complaints
  • SEC chair also promised probe on group’s activities

MANILA, Philippines – Department of Justice (DOJ) Secretary Vitaliano Aguirre II has ordered the National Bureau of Investigation (NBI) to investigate the organizers who offered to give away late strongman Ferdinand Marcos’ alleged hidden wealth for a fee during a recent gathering at the University of the Philippines Los Baños (UPLB)’s campus.

“We should not allow them to do what they are doing because they are fooling thousands of people. It’s not good,” the Philippine Daily Inquirer quoted him as saying. “We will prosecute those behind it if the evidence warrants.”

The group, One Social Family Credit Cooperative, offered attendees P1 million in cash and livelihood assistance from Marcos’ coffers provided they pay a P30 fee.

It is reported to be the successor of Bullion Buyer Ltd.; a shady group which had been the subject of a SEC advisory for selling securities without a license.

Emmanuel Destura Jr. and Felicisima Santos — “Red Dragon” and “Pink Diamond” to their members — are said to be the two group’s ringleaders who went into hiding in 2013 after being charged with syndicated estafa.

According to Aguirre, he will also direct the NBI to follow up the old case.

“If they continued their activities, then I will confer with the NBI to update and check what happened to that case,” he said. “If there is such a criminal complaint filed, we will definitely act on it.”

For her part, SEC chairperson Teresita Herbosa said she is coordinating with her counterpart at the Cooperative Development Authority (CDA) to confirm whether the two groups are one and the same.