Friday, February 27, 2009

BSP charges Celso delos Angeles with 1 billion syndicated estafa

The Bangko Sentral ng Pilipinas (BSP) just filed a 1 billion peso syndicated estafa charge against Legacy owner Celso "Boy Sese" delos Angeles. So, are we, the People, especially those 130,000 depositors scammed by this financial artist, satisfied with this?

No. Celso should be made to account for the 14 billion pesos he reportedly got from those double your money schemes he devised to scam people out of their shirts.

The BSP should modify their charge to 14 billion pesos syndicated estafa, instead of 1 billion.

Likewise, the warrant of arrest for Celso should be accomplished in haste, so that he'll not bail himself out of this one.

Celso's accomplices should also be summarily executed, err, arrested, especially officials of Dynamic Bank, particularly those involved in the marketing of this highly anomalous double your money scheme. According to reports, Dynamic Bank had the biggest exposure and the biggest take of deposits amounting to about 2.5 billion, so the officers of this bank should be charged and jailed with Boy Sese too.

A Manila Times report says that Sese operated one of the biggest syndicates in the Philippines. He heads this ruthless syndicate with impunity and even has the capability to kill their detractors.

The State should match their firepower with more lethal force. If Celso and the rest of those who scammed the Filipino People of 14 billion pesos resist arrest, the State should very well give them what's due to them immediately.

Yet, I doubt it if we'll see Boy Sese behind bars. Will Speaker Nograles allow his bosom buddy to spend time in jail?

The next chapter of this episode is predictable---Celso delos Angeles will escape the long-arm of the law and like Joc-Joc Bolante before, will try to seek refuge in the United States or Timbuktu. He'll probably enjoy his billions there, in the comforts of a villa.

5 comments:

  1. Celso is just an escape goat of
    high level government officials.

    There are more involved in the scam.
    If you dig it up...you will open
    Cans of Worms...

    ReplyDelete
  2. yes, i believe that. i have an inkling who are involved in this mess, aside from the Vice President and Nograles. there are so many government officials involved that are close to the President. this is an explosive issue, not to miss.

    ReplyDelete
  3. If you dig it deeper. You will
    dig many cans of worms. If you
    open the cans of worms. You will
    surely see. Some of those worms
    crawling will be important politicians and leaders.

    ReplyDelete
  4. An article in inquirer.net compared Celso delos Angeles to Joker due to his wise and strategic criminal act. Accdg to the said article, Joker killed all his cohorts in the opening scene to solely enjoy the money that they rob. Celso and his former associates are accusing each other for the failure of legacy. the situation seems quite serious in other forum. there is a separate big thread in pinoymoneytalk.com solely focus on legacy.

    ReplyDelete
  5. How can I recover my investment. Sapat na ba ang pag file ng complaint sa SEC? Please advise me. Thanks!

    ReplyDelete

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