BSP: Legacy an organized crime syndicate

THE Legacy Group which owes investors P14 billion in placements is an organized crime syndicate, Bangko Sentral ng Pilipinas deputy governor Nestor Espenilla said yesterday.

“We are not dealing here with the sad situation of banks failing due to business reversals, global financial turmoil or even regulatory harassment as falsely claimed by (Legacy owner Celso) delos Angeles,” Espenilla told the House committee on banks and financial intermediaries.

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