Legacy Group Victims
Reading news about investment victims is depressing and stressful because it evokes anger against the perpetrators.
But oftentimes, I still read them just to remind myself that I’m not alone, that I’m not the only one who made wrong financial decisions.
About four years ago, my former-OFW-husband and I lost about 400,000 pesos in a failed investment.
Going back to the Legacy Group scam, here are some of the investors that lost big amounts of money, based on news reports on inquirer.net:
Boy Galang, an OFW in Oman
Galang invested 200,000 in Legacy’s double-your-money scheme. He even canceled his flight back to Oman just to submit his complaint, hoping to get back his money.
Over 12,000 Soldiers and Police Officers Including Colonel Ariel Querubin
The Armed Forces and Police Savings and Loan Association Inc. reported that 12,047 soldiers and police officers invested nearly 318 million pesos in Legacy’s Scholarship Plan Philippines through salary deductions.
Querubin said he had paid a total of 109,000 since buying a plan in 1999.
Smart Bro and Meralco: Now My Life Savers
I’ve never depended on Meralco and Smart Bro as I am now. In the past, my life still goes on even if brownouts occur or Internet connections are off.
Whenever the power goes off, we can always turn to our gas burner or our Superkalan to cook our food. There is always the pamaypay or the shade of the mango tree to make one cool.
At work, as soon as the lights go out, the building’s generator automatically takes over. If a certain online connection gives out, another Internet provider takes over.
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