At last, after almost a decade, the Supreme Court ruled that the criminal case of the People of the Philippines vs. Dante Tan for the Best World Stock Market scam can now proceed.
This scam nearly brought down the Philippine Stock Market and allowed its perpetrators to steal billions from the economy.
Everyone, but most especially people involved in the stock market should be concerned and working to ensure that this case is brought to its just conclusion.
Until government and the stock market people can prove that they are capable of catching and punishing stock market cheats and manipulators, they should not invite or encourage people to put their money in the stock market. Until this happens, the local stock market will be nothing but a rich man’s instrument to legally take money from the people.
This scam nearly brought down the Philippine Stock Market and allowed its perpetrators to steal billions from the economy.
Everyone, but most especially people involved in the stock market should be concerned and working to ensure that this case is brought to its just conclusion.
Until government and the stock market people can prove that they are capable of catching and punishing stock market cheats and manipulators, they should not invite or encourage people to put their money in the stock market. Until this happens, the local stock market will be nothing but a rich man’s instrument to legally take money from the people.
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