Currently, nine (9) banks of the Legacy groups are closed already. Hundreds of employees lost their job and hundreds of thousands depositors lost their money. These people are simply the victims of the Legacy Scam.
At first, you would not be thinking that the products offered by the banks of the Legacy Group were illegal because [...]

Read the rest of this entry » The Legacy Scam

Below is the list of the banks that declared bank holiday, temporary closed or are closed by the Monetary Board starting this month, December 2008. I am continuously updating this list:

Legacy Group – Rural Bank of Bais, Negros Oriental (Closed)
Legacy Group – Pilipino Rural Bank, Cebu (Closed)
Legacy Group – Rural Bank of San Jose, Batangas [...]

Read the rest of this entry » Banks in Bank Holiday

Double Your Money in Five Years
Few of my relatives invest their money to the banks under the Legacy Group hoping that their millions of Pesos will be doubled in five years.
One of them tried to convince my aunt to invest into this product of the Legacy Group. But my aunt consider this a scam because [...]

Read the rest of this entry » Banks Under Legacy Group, Bankrupt?