Lim wins, Atienza loses
| BLURBAL THRUSTS |
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| Louie Logarta |
The glib-tongued businesswoman who was previously implicated in an elaborate pyramiding scam which reportedly cost former Makati Mayor and now Vice President Jojo Binay and wife Dr. Elenita Binay and former Sen. Loi Ejercito-Estrada (wife of then President Estrada) more than P100 million has been convicted of the crime of estafa.
Meted out a maximum 20-year sentence by Judge Danilo Buemio of the Pasig Regional Trial Court Branch 268 was Josephine German who was found guilty of said offense in a decision dated August 2010, but released only last week.
Her lawyers were however said to be filing a motion for reconsideration before the court claiming the decision of the judge was flawed. There had been 50 cases earlier filed against the subject in relation to her investment scheme, all of which were thrown out by the different courts that heard them.
Ironically, the extant case had nothing to do with German’s alleged pyramiding operations, which had reached its peak in the mid to late 1990s and estimated to have generated over P800 million from several big-name clients, but with this one filed by complainant Roy Lucero who claimed to have been gypped of P10.7 million after several postdated checks she had issued to him were dishonored by the banks and she refused to enter into an amicable settlement..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110303com4.html
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