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Aman Futures scam boss Emmanuel Amalilio arrested in Malaysia
Emmanuel Amalilio, the man behind the multi-billion peso, double-your-money scheme pyramiding scam that duped over 15,000 residents from Visayas and Mindanao, has been arrested on Wednesday, January 23, after three months of manhunt.
According to reports, Amalilio was arrested in Kota Kinabalu, Malaysia earlier this morning by the Malaysian Intelligence agents. The reports have been confirmed by the National Bureau of Investigation (NBI) to ABS-CBN News. Reports say NBI official will fly to Kota Kinabalu later this evening.
Amalilio, real name Mohammad Suffian Saaid, started the Aman Futures Group initially targeting low-income investors such as tricycle drivers and market vendor but professionals and retired employees followed because of the promise of a high return of investment of 70 percent return after 1 week.
Amalilio, along with 9 other Aman Futures executives and employees, is facing syndicated estafa filed by the Department of Justice at the Pagadian City Regional Trial Court 2 weeks ago.