Legacy planholders gather to sue owner

CEBU, Philippines - Plan holders of Legacy Consolidated Plans Inc. had a meeting yesterday in a bid to file syndicated estafa against the company owner, Celso de los Angeles.

Philip Piccio, president of Parents Enabling Parents or PEP Coalition, is spearheading the legal move against De los Angeles.

The plan holders, who are members of the PEP Coalition-Legacy Cebu, attended the meeting and have expressed willingness to sue De los Angeles in order to get back their investment.

Former Mandaue City councilor Pontico Fortuna said his investment with Legacy already reached around P10 million.

“Mao na ang among gikasabutan nga mokiha gyud mi. Sakit-sakit g’yud kay medyo dako akong investment,” said Fortuna, the father of Mandaue City Vice Mayor Carlo Pontico Fortuna.

Another plan holder who refused to be named said he has an investment with Legacy of about P49 million.

Piccio is calling other Legacy plan holders to join the group in order for them to have a collective voice in their legal move.

Piccio said with 15,000 plan holders, Cebu has the biggest number of Legacy plan holders outside Metro Manila.

Lawyer Salvador Grupo, who represents 200 Legacy investors in Bohol, said they have no plans of filing criminal action against De los Angeles as they are still pursuing the civil suit.

Grupo said the investors, who are mostly retired teachers and policemen, want to directly deal with De los Angeles, hoping that they would get back their investment. — Mitchelle L. Palaubsanon/LPM (THE FREEMAN)