With the unfolding of events in the province of Capiz, many stories were recounted about how land titles, houses, cars, pensions, salary, farm animals, and other means of livelihood were mortgaged, pawned, and loaned to secure money to participate in various investment schemes in high hope to double or triple their money in 30 or 45 days.
According to some reports, there are retirees, who after years of government service and in their twilight years, were convinced and have entrusted their hard-earned money.
In the same manner, the OFWs, who after years of being separated from their family, were also enticed to gamble their fortune after listening to the promoters of these schemes.
It is no different with our small businessmen, who after years of frugal living and denying themselves of lavish lifestyles, were finally enthralled on the trumpeters of those fraudulent schemes.
After the failure of investment companies to deliver their supposed promise return of investments, many Capisnons are now considering pressing charges against investment operators and their accomplices.
However, many investors are hesitant to push through their complaints because they still hope that they can still recover their investments.
The acceptance of reality is a bitter pill to swallow and the agony of waiting is unimaginable. There are reports that many Capisnons are already experiencing sleepless nights because they are troubled about how could pay their debt if they could no longer recover their investments.
To better understand the situation of our fellow Capisnons, let us revisit the story of an OFW who work hard for 10 years and lost his fortune in just a matter of a split second.
On August 1, 1994, the Daily Marianas Variety, the Northern Marianas daily newspaper, reported that Narciso Dapat had a bad day, a very bad day. Dapat returned to the Philippines Friday after completing 10 years of work in Saudi Arabia, and things started to go wrong.
First, he lost his luggage and souvenirs he had brought home from the Middle East. Then, on the way out of the Ninoy Aquino International Airport, robbers held him up and took the money he saved from his overseas job.
He decided he needed a drink, but ended up getting so drunk that he started chasing people with a club.
Soon a mob was after him. So, he ducked into a nearby house, where he armed himself with a kitchen knife and grabbed an 11-year-old boy to keep people from coming near him.
That started an 11-hour hostage drama that ended Saturday at the Manila domestic airport, where he tried to get on a plane to his home province of Capiz in the central Philippines.
Police arrested him before he could get on the plane.
Dapat’s misfortunes were carried by local radio stations, which urged airport authorities to help him.
An investigation was conducted, but Dapat failed to file a complaint about his missing luggage and the robbery.
The radio reports said the boy’s parents decided not to file charges against Dapat.
With the developments worsened by dramas about the investment schemes, the mental health of the Capisnons is at stake here. We are talking about the years of hard-earned savings lost in just a matter of days. How many Capisnons would be that desperate enough and might end up doing what Narciso Dapat did in 1994? God save Capiz.
(Reference: Daily Marianas Variety, August 1, 1994, 8).*