Rizal Philippines
September 20, 2016
The spirit of enterprise is alive and well even at New Bilibid Prison as we listen to the tale of Herbert Colangco (later on he was adjudged Kulang by his protector) He finished only grade 6 but he has tremendous business sense (and even honor)
In order to meet his monthly quota of P3.00 main protector, and the P1.2 million to the prison director, he had to be very enterprising to meet his objectives (he was very much goal driven) he engaged in a variety of businesses/racket:
1. Aside from drugs, he did the concert. He got 300 case of beer when he had concert, got them them for mere P700 each case, and sold them P10,000 each case for a gross of P3 million. He gave the P1 million allegedly to his patron, the 2 million he spent for his production crew and rental of equipment
2. He profited from the transfer fee. In order for inmates to move from medium security to the maximum security (where facilities are a la Las Vegas) with first class amenities - bath room, wine room etc, he would be charged by certain personality, say P500,000 and charge them P800,000 pocketing the difference to pay for the monthly PR Payola
3. He had a lending operations charging as much as 10% per week. Very enterprising indeed.
4. Hospitality business. Through his talent manager allegedly named Reynante Diaz, he got models for P25,000 each and sold them to drug lords for P75,000 each pocketing P50,000 each cool margin for 20 models or P1 million. At the end of the day in the usual tale of greed and deceit, the P3 million + P1.2 he gave monthly were not enough to have him removed from his enclave, and transferred to NBI and lost all his sources of revenue, hence the change of heart.
His bosses want him to increase his quota, buy from the Chinese and later have them transferred to far away places. Herbert did not want to have any of those dishonesty. (estafa)
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