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Title: FBI ASKED TO INVESTIGATE REP. MIKEY ARROYO View count: 495 Rating: 5.0 (2 ratings) Description: CLICK LINK: http://www.ellentordesillas.com/?p=7103 http://blogs.gmanews.tv/ellen-tordesillas/archives/41-FBI-asked-to-investigate-Mikey-Arroyo.html 09/09/09 According to Ellen Tordesillas blog entry today one of her readers, an American citizen following the Mikey Arroyo residence story, suggests that he should be investigated by the Federal Bureau of Investigation (FBI) for violating multiple US laws with a clever money laundering scheme. "There is a breaking news story in the Philippines regarding the sons of Philippines President Gloria Macapagal Arroyo. They have obviously broken several Filipino laws (unexplained wealth, perjury, filing false Statements of Assets and Liabilities, tax evasion,and plunder.) They wont be prosecuted there because of the corrupt justice system. What caught my attention, is that at least one of them is violating multiple US laws with a clever money laundering scheme. Juan Miguel Mikey Arroyo is the son of Gloria Macapagal Arroyo, President of the Philippines. After his mother took power, he ran for a seat in the Filipino House of Representatives. His salary is less than $12,000 US Dollars per year. In 2006 he acquired a $1.32 million property at 1655 Beach Park Blvd. in Foster City CA. There was a $900,000 mortgage on the property through IndyMac Bank, which was taken over last year by the FDIC when it failed. To qualify for a stated income or liar loan, he wouldve fraudently claimed an income of at least $275,000 to be able to pay the mortgage, and probably provided fraudulent documents as proof of income. (His salary does not even cover the $14,000 in property taxes due each year) They also would have falsely claimed to be Permanent Residents or US Citizens on the mortgage. A mortgage broker told me that most likely they just lied and said they were US Citizens so as not to produce a Green Card. Remember, he is a foreign legislator and spends most of the year in the Philippines. He also wouldve claimed this as a primary residence when it was really a vacation home. Those IndyBank loan documents should be subpoenaed and reviewed to prove the fraud. He later transferred title to his wife under her maiden name of (Maria)Angela Arroyo Montenegro as way of hiding assets as a lawmaker in the Philippines...." READ MORE CLICK LINK http://www.ellentordesillas.com/?p=7103 Tags: pinaswatcher, charice, pempengco, arnel, pineda, mar, roxas, chiz, escudero, richard, gordon, gilberto, teodoro, loren, legarda, bayani, fernando, reynato, puno, jejomar, binay, joseph, estrada, 2010, presidentiables, miriam, santiago, gloria, macapagal, arroyo, mike, jose, de, venecia, zte, scam, scandal, corruption, lacson, villar, jocjoc, bolante, fertilizer, fund, poverty, juana, change, chacha, con-ass, philippines, manila, democracy, cebu, mindanao, manny, pacquiao, pacman, gma, ayawgloria, sandara, cory, aquino, mikey, pcij, malacanang, Author: pinaswatcher |
