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Aman boss blames firm exec for financial woes

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MANUEL AMALILIO: Suspected mastermind disappears. CONTRIBUTED PHOTO

CEBU CITY—Manuel Amalilio, CEO of Aman Futures Group Phils. Inc., has blamed another company official, Fernando Luna, for the financial woes of the firm.

In a 2.16-minute video footage posted on YouTube, Amalilio apologized to at least 15,000 investors and promised to return their capital in two years.

“Peace be upon you, brothers and sisters. To the investor, I am willing to pay back only the capital since Aman investment has a financial crisis due to (the) unexplained shortage of funds by Fernando ‘Nonoy’ Luna,” Amalilio said.

He said he had helped Luna “pay all his shortage(s)” and had even used his personal money to do so.

Amalilio claimed that Luna bought a lot of properties and accepted investments, even in the form of land titles. “How can we trade using land title?” he asked.

The company’s articles of incorporation said its primary purpose was to engage in buying, selling, distributing, marketing at wholesale or retail all kinds of goods but not limited to palm oil, gold, coconut oil, manganese, nickel, ore and any agricultural products, commodities, wares and merchandise of every kind and description.

In the video footage, Amalilio said his intention was to help the poor.

“I can live a life of luxury with my own money together with my family. But now, I lost my family,” he said.

He said he understood the situation of the investors and apologized to them. “Please forgive me for the late action since I want to prioritize my safety first before finding a solution to the problem,” he said.

Amalilio promised the investors that he would return only their capital because it would be impossible to pay them the interest as Aman Futures Trading had ceased operations.

“In one year or two years’ time, I will do my best to make these things possible. But also, I need your cooperation. As of now I am in the process of solving this matter,” said Amalilio.

“As soon as there is no problem, no media,”  he promised to resume trading and deliver the funds to the investors.

“But please, pray a lot and we hope, God willing and (with) God’s blessing, things will be solved. Thank you and amen,” he said in the video footage.

The video footage titled “Manuel K Amalilio (Aman Future Trading)” was posted on Nov. 5 by one Kirk Leighton Eguia whose profile account indicated that he was from Pagadian City.

The video footage appeared to have been taken inside a vehicle. Amalilio, clad in white polo shirt with black and gray stripes, was in the front passenger seat.

It had 6,525 views as of 3 p.m. on Thursday. Some comments talked of threats and comeuppance on the part of Amalilio for duping the investors. But there were those who remained hopeful.

So far, eight Cebu-based complainants have completed the documentary requirements for the filing of the case against Aman Futures, said Eduard Villarta, National Bureau of Investigation director for Central Visayas.

Villarta said the NBI was filing syndicated estafa cases against Amalilio and the six other incorporators—Luna, Lelian Lim Gan, Eduard Lim, William Fuentes, Naezelle Rodriguez and Lurix Lopez.

The seven were identified as the incorporators of Aman Futures in the articles of incorporation and certificate of incorporation, copies of which were shown to the media by Lindeza Gavino, regional director of the Securities and Exchange Commission (SEC).


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Tags: Aman Futures Group Phils. Inc. , Crime , estafa , Fernando Luna , Foreign affairs , Global Nation , Justice , Law , Malaysia , Manuel K. Amalilio , NBI , Pyramid Scam

  • Luthmar

    Hopefully, Amalilio’s will not be an empty promise.  Not a delay tactic to evade justice.

    • wh0car3s

      lol, i guess kasing gullible ka rin ng mga nag-invest..

  • Maldi2

    DOJ said they are powerless to stop these kind of people from leaving the country.  Di ko maisip kung bakit, Yakang yaka nga nilang suwayin ang Supreme Court, ito pa kayang mga ito na walang TRO ang Supreme Court?

    Kung gusto may paraan, kung ayaw may dahilan!

    • LucianoChing

      The DOJ was restrained by the Supreme Court in issuing HDO,hence DOJ for now is helpless…

    • straightalks

      Yon ngang ruling ng Supreme Court na yan ang dahilan ng kainutilan ngayon ng DOJ eh. Kasi pinagalitan si De Lima. Si Gloria kasi pasaway.

  • speedstream2

    Part of the pyramid scam playbook? Put the blame on someone else, extend an apology, offer an imaginary lifeline, but be vague about returning the money, stay away from the fleeced investors as far as possible, and of course, hide the loot. Seems familiar? Rewind. Where are the Legacy pyramid scammers? How many swindled victims have been able to recover their investments, if any? What’s the status of pending cases? Btw, across the seas, the infamous Bernie Madoff is serving a 150-year jail in a facility that could be considered a country home, but still a prison.

  • johndcross1

    “As early as June or July, the DTI came out with an announcement warning against this pyramid scam; the SEC in August,” he said. “When the NBI opened its investigation, the investors showed up to say it was a ‘kill-joy.’ Why are they [NBI] putting a stop to this opportunity to earn big?”

    Unbelievable! As early as June & July DTI & the SEC in August knew that this is a scam. If they knew this early why did not file a complaint with DOJ to have the scammers arrested. All they did was warn to people while the scammers was having a field day. The head of DTI & SEC should be crucified for this. THEY KNEW FOR HEAVEN SAKE THAT IT IS A PONZI SCAM & YET DID NOT TAKE THE INITIATIVE TO HAVE THE SCAMMERS ARRESTED! WHAT A JOKE!

    MGA BUISIT, B0B0 AT G4GO KAYO SA DTI & SEC!!!!!!

    • straightalks

      You cannot just arrest anyone without verified complaints. And they were not complaining back then.

  • vodot

    Amalilio sabihin mo kung sino talaga ang tunay na mastermind sa scam na ito, sino ang nakikinabang dyan at nasaan na ang limpak limpak na pera nakatago sa ganun mapatawad ka pa ng mga taong nagansyo ninyo.

  • KurakotNaPinoy

    Charge it to experience, and better do your “due diligence” next time.

    Malabo na maibalik yung mga funds nyan – pyramid scam yan e.

  • http://pulse.yahoo.com/_GUZISWUMVDD5QJUC7GBJKEM7XA prangka

    I had been there. It was just a delaying tactic to promise payment wiithin two years. I am not ashamed to publicly reveal. I too, was a victim of not just one but two pyramiding scam” One, H factor and the other Multitel of Baladjay. There modus operandi when apprended was to promise repayment, issued another cheques which would bounce again.  but by then all emotions were level down. Most would just accept the lost and settled for the fact that  the perpetrator  was incarcerated.  Look at Baladjay, the life sentence she got was reduced to just 20 years imprisonment from life and not a single penny returned to the investors but was probably used to shorten her time in jail. Mapaparusahan sila pero  kulang na kulang.  Ningas kugon lang para matahimik ang mga biktima. Pag laya ni Baladjay in just few years magagamit niya ang billion na ninakaw niya sa kanyang retirement.

    • LucianoChing

      If ever she can still enjoy the money she stole…Many duped investors will surely go after her head…

  • MonMayuga

    Now he is pointing his fingers on his partner. 

  • http://www.facebook.com/jake.dionisio.5 Jake Dionisio

    Lol…again, playing on the culture: wait and pray until something good happens. If any of you investors even feel any sort of remorse for dragging other people into this scam, file a case against AMAN. Put your faith in your government and not on a company that just recently stole your money.

  • http://profile.yahoo.com/MAF7O554RLSPXZQOCLDKIQQPIE danny

    gusto kasi yaman bigla,gusto, n’yo instant millionaire taya kayo lottto-may nanloloko kasi may nagpapaloko-common sense-used your coconut head



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