Showing posts with label ill gotten. Show all posts
Showing posts with label ill gotten. Show all posts

Thursday, November 18, 2021

Sudden great wealth, ill gotten? From a govt scam

Every generation needs a revolution - an entrepreneurial revolution





Several years ago there bloomed a citizen from this place a citizen with great wealth.  She a govt employee acquired a hotel, a resort, a batching plant, several large parcels of land along the highway.  At her beck and call was a barangay captain who was brokering thing for her.   Or managing the businesses she owned as we were told.

He held the citizen in great awe.   How could she amass so much wealth so soon?  Her story defied all lessons on entrepreneurship and business management.

Until lately as she was disposing her properties (the long arms of the law may catch her and declare the assets she has as ill gotten (I hope she has proofs that her cash flows justified her ownership)  the broker agents revealed that the acquisition was due to the entrusting of the lady who is now jailed for the Congress scandal on govt funds scam via foundation. 

All of a sudden the admiration and high regards we had for the lady crumbled and vanished