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Court Orders Arrest of ALAMCCO Operators

Started by MikeLigalig.com, February 23, 2020, 04:45:28 PM

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February 23, 2020, 04:45:28 PM
By John Unson
A court has ordered the arrest of 18 operators of a pyramiding money market scheme using the Alabel-Maasim Credit Cooperative as front.

The Regional Trial Court Branch 46 in Alabel town in Sarangani issued last week the warrant for their arrest for syndicated estafa but copies were obtained by media outfits in central Mindanao only on Saturday.

Respondents Jerson Cagang, Conrado Mancao, Tirso Cereno, Juanito Jhon Castillo, Benigno Cereno, Albert Cagang, Fe Cagang, Ailene Mancao, Roshine Cereno, Jason Baybay, Liezel Vilan, Ivy Caparos, Calixto Bana-ay, Marlyn Tulio, Diana Ferry Sope, Anni Joy Dela Cruz, Marlon Marvin Lim and Eustaquio Hocson, were behind the operation of the now moribund ALAMCCO investment outfit. — The STAR/John Unson     

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