Posts Tagged ‘Legacy funds scam’
Boyet Fajardo: What now?
I have read somewhere that we are a nation that easily forgives and forgets. My take on this is slightly different. We forget because there are just too many issues to deal with in this country. On top of the current issue on this Boyet Fajardo – Duty Free Philippines incident, we also have the Legacy Consolidated Plans fund scam wherein a number of plan holders are unable to claim their insurance funds because the company officials allegedly misused the said funds. Remember the very same funds scam that happened to College Assurance Plan Philippines, Inc. (CAP) plan holders? Or the Pacific Plans fund scam that started this all?
There are people who continue the fight. But without media coverage, the people who should be investigating these insurance funds scams are not acting as fast as they should. Senator Mar Roxas is helping out the plan holders victimized by this Legacy funds scam. But I doubt if he would be as eager to help as he is now if not for the 2010 elections where he’s very vocal in his desire to run as a presidential hopeful. How about the other insurance plan holders of CAP and Pacific Plans. I heard that Pacific Plans was already sold to the group who owns Asian Spirit. Where did the money go? See, without media coverage, the Yuchengco Group was able to pull a stunt like this.
As bloggers, we can help spread the word. We can help create awareness. There might be no tv coverage but the internet is as powerful as television these days. Or haven’t you noticed how the tv giants became aware of this Boyet Fajardo incident? Through the noise created by bloggers!
In a few more days, this Boyet Fajardo scandal will be forgotten. The same thing that happened to the Pacific Plans and CAP scams. Marvin Fernandez, the poor cashier who is the real victim of this incident, hasn’t gotten the apology he deserves yet. Again, without media coverage of this scandal, I don’t think he’ll get it. Calling him Marvin Hernandez (in the ABS-CBN interview) and Marvin Gonzales (in the GMA-7 interview) don’t constitute as proper apology. Boyet Fajardo should go to the guy and even in private, apologize personally. That’s an apology!
My point in this post is that let us not forget. If we can write about it when there’s a development, or even from time to time to stir the status quo, let’s do it. Create awareness. Let us not forget easily. Otherwise, another Boyet Fajardo will emerge. Or another insurance company might pull a Legacy-like stunt because they think the people will be up in arms the first few weeks but will eventually forget.
Tags: Boyet Fajardo, Boyet Fajardo-Duty Free Philippines scandal, CAP funds scam, College Assurance Plan Philippines, Legacy Consolidated Plans fund scam, Legacy funds scam, Marvin Hernandez Duty Free cashier, Pacific Plans fund scam, Pacific Plans sold to Asian Spirit group, Philippines Insurance funds scam, Senator Mar Roxas, Yuchengco Group
I am an accountant, a CPA. I'd been working for 10 years as a corporate rat when I decided to quit. I am now working at home as a consultant and full time blogger.
