Trader duped by seniors in ‘Marcos gold’ investment

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MANILA, Philippines — A businessman from Mindanao said he lost over P5 million to a group of people who offered him a cut of P700 million from the sale of over P17-trillion worth of “Marcoses’

Jericho , an admitted supporter of the Marcos family, said he fell for the dubious deal because those behind it were in their 80s and presented so many seemingly legitimate company and government ID cards.

Jericho said he eventually became suspicious when he saw that the certificate of ownership of the gold presented by one of the members of the group identified then BSP Governor Benjamin Diokno as Benjamin Diokno Santiago.In a complaint filed in the, Jericho identified the head of the group as Aniano Gemina, who claimed to be the CEO of a borrowing company, Real Mines Development Corp.

“Gemina told me, ‘This wealth is [owned by the Marcoses]. It’s just [in my name].’ That’s where it started, I thought it was an opportunity,” Jericho said, adding that he was promised P700 million once the deal pushed through.

 

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