Last November, the PDIC closed down over 12 Rural banks in the Celso scandal. Despite claims for these accounts being lodged back in Februay and March, most investors have not received their payments. The PDIC have issued deadlines and guidlines. First, it was all claims would be paid in 6 months, that did not happen, then it would be the end of October, most have still not received their money. most recieve letters asking for more and more proof that they deposited the money in the banks despite having handed in all the proof that was needed at the time.
This was a letter that was sent to the PDIc from an OFW who had money in one of the banks
A Plea from An OFW from Angola, Africa | DEADBOL – Depositors Enabling All Depositors Banks Of Legacy
I am a single mother of two. I started working in Angola since 1993 (my youngest was only 4 yrs old at that time). Angola is not a modern country and is a malaria-infested area and malaria is endemic, in fact, 99% of expats who work here gets malaria. However, I stayed, suffered, cried and tenaciously persevered in order for me to give education to my children and offer them some basic necessities and comforts in life. Since 1993, I have been saving some money as our work is only contractual . Through hard work and good relationship with my superiors, I am able to keep my job. It is not as easy as you think, because, racial discrimination is rampant, but I did not allow this to overpower me as I need this job to sustain my family.
In 2007, a friend of mine, also a co-deadboler, mentioned about Rural Bank of Paranaque which offers 20% interest pa, 5-year time deposit. At
first, I didn’t take notice of it as I have not really tried any rural banks. But after thinking about it and considering the PDIC’s stability and iron-clad
protection of our monies, I have finally decided to make deposits. First, I opened an account with RBOP, together with my 2 sons and mother. We have availed the PDIC’s maxiumum insurance deposit. As I have pooled all my savings, I was able to open more accounts with the so-called Legacy Banks which are Dynamic Bank & Rural Bank of San Jose, the same amounts as Rural Bank of Paranaque, together with my 2 sons and mother. I was quite happy with the interests earned and thought that when I retire soon, my family and I can live off from those interests. So when these banks started to close in Dec 2008, I was devastated. I got sick with malaria from
January until April…it just kept coming back. In Feb 2009, I was hospitalized but the doctor can’t find anything that caused my severeheadache, he then ruled it as STRESS. It was stress- related headache due to my financial collapse per se!!!
As days went by, my friends in the internet who are also depositors of legacy banks, formed a group called DEADBOL. Since joining this group, I felt better and found hope about my money. In June 2009, I received payment from PDIC, 7% only of my total deposits but nothing for my 2 sons’s accounts & my mother’s.
PDIC kept moving their payment deadlines, at first, they said end of April, then end of June, then end of July, then end of August, then end of October etc…..in short, just empty promises.
Please PDIC, give me back my money….those are my savings for the last 15 years and without that money, I do not have anything when I retire very soon. As an OFW, don’t you think that the government need to step in to help us? Aren’t we the supposedly “new heroes” sending our hard-earned money to the Philippines to help stimulate the economy? Isn’t it time for the government especially PDIC to give back to us?
While some may say that it was foolish to invest in these banks offering such high interest rates, you must remember that most only invested because their investments
were covered by the PDIC!!!
PDIC and non payment of claims. An OFW's letter
okay sab ni da ;) aheheh
Originally Posted by anggwaponi
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