Showing posts with label ed zialcita. Show all posts
Showing posts with label ed zialcita. Show all posts

Thursday, March 5, 2009

Celso de los Angeles--sacrificial lamb?

Will Celso de los Angeles, the alleged chief architect of this monstrosity called Legacy Bank scam be sacrificed by his own syndicate members? It seems like it.

Two former executives of Boy Sese just went public today, further implicated the alleged "financial genius" as the "chief mastermind" behind the 14 billion peso financial scam.

Philip Reccio of the PEP Coalition says they have more ex-Legacy members who'll go public and expose Delos Angeles.

Some of these Legacy members blame Boy Sese for the mess and a certain "Butch". This "Butch" is said to be very close to Boy Sese. He reportedly headed the Dynamic Bank system, which closed shop like all other Legacy banks.

Butch is the key to the scam, some of my sources say.

This Butch owns huge tracts of land in Batangas, Laguna and Cavite, which were reportedly acquired using Legacy deposits. These lands were registered under his and Boy Sese's names, not with the bank's.

There are other properties which Butch and Boy Sese reportedly managed to put under their names last year.

Likewise, we heard that Cong. Ed Zialcita is not just a silent investor but a very active one. One of the PEP Coalition members told NPR that Zialcita reportedly served as Boy Sese's "protector" when the Rural Bank of Paranaque launched their double their money scheme. Zialcita also allegedly bridged some connections with the BSP.

With the emergence of these witnesses, some surmise that government officials behind this big syndicate which has Boy Sese as their poster boy, are willing to make a sacrificial lamb out of Boy Sese.

Some of these officials, retired generals and cops, want Boy Sese's head served on a platter. There are reports that a group of armed assassins have been deployed to abduct Boy Sese and squeeze information out of him.

This explains why Boy Sese has been out of the limelight since last week. First, reports say, he's calling up his contacts, asking them what's the way out and disposing of his properties before the State confiscates them and put his other companies under receivership and second, buffering his security.

But, do you know what I think? I think that nothing important will happen after this. Boy Sese will survive this, with his billions intact. It's just the way it is here in the Philippines.