Aman Futures Group

Aman Futures Group(simply referred asAman Futures) was an investment andprivately held companybased inMalaysiawith branches in thePhilippines.[1]It has also been allegedly engaged in apyramid scheme.[2][3]The group was founded by Manuel K. Amalilio, a Filipino of Malaysian descent. Aman Futures was reported as a pyramid scheme in 2012 by theNational Bureau of Investigationof the Philippines that duped some 15,000 people inMindanaoand theVisayasofP12 billion (US$295,000,000 est.).[4]Authorities from the Philippines have set a manhunt for Manuel K. Amalilio, the founder of the company who left the Philippines forSabah,Malaysia.[2]The "double-your-money" was a phrase being pitched to join the network. NBI has said that there is about 8,000 complaints filed against the company and over 100,000Filipinofamilies were victimized.[5][6]Irate victims of Aman Futures have ransacked an office rented by the company inPagadian City.[7] After the manhunt for the brain behind the scam was launched, two of the company's employees surrendered. Maria Donna Coyme, who is reportedly the chief finance officer of Aman Futures; and Jacob Razuman, one of the firm's top brokers, are currently being investigated for their role in the scam said the National Bureau of Investigation and thePhilippine National Police.[8]