Celso's history with legacy

Ito ang bahagi ng buhay ni Celso na sinulat ni patrick ng The Council, sa files ng Inquirer, at dinagdagan ko lang ng kaunting kaalaman ko. Kung gusto mo maging criminal mastermind, subaybayin mo ang buhay ni celso. Marami yata siyang natutunan sa pagaral niya sa Asian Institute of Management at nakatapos siya ng Masters in Business Management 1976. Ngayon, master siya ng criminal business management, at itong kasaysayan niya ay nagpapatunay sa kanyang galing.

1984—THE CENTRAL Bank of the Philippines closes three banks linked to Celso de los Angeles Jr. At least 28 estafa cases are filed against him, and he is put on a watch list preventing his entry into the banking business. All cases against him end up being dismissed.

1997- CDLA acquires Scholarship Plans Philippines, Inc. (SPPI) and Consolidated Plans, Inc. and merges them into Legacy Consolidated Plans, Inc. and becomes its chairman and president.

1999—Despite being on the watch list, CDLA re-enters the banking system as chair of Rural Bank of Parañaque (ROBP), which was acquired by Legacy Plans.

Aug. 31, 1999—The Bangko Sentral ng Pilipinas informs CDLA of his disqualification, prompting him to relinquish his post as chairman of RBOP.

December,2000- Chavit Singson names CDLA as a jueteng operator who issued for the account of ex-President Estrada a bounced check amounting to one million eight hundred thousand pesos (P1,800,000.00).

2001- Ran (but lost)for Marikina City’s lone congressional seat as an independent candidate under the Samahang Maka-Bayan (SMB)—Citizens Guard Alliance (CGA) umbrella.

June 8, 2001—BSP approves Legacy’s acquisition of RBOP and CDLA reclaims chairmanship.

2001- Majority leader Prospero Nograles admits that this was the year he started investing into Legacy.

December 2001—BSP examiners find evidence of continuing involvement of CDLA in RBOP.

Jan. 24, 2002—The Monetary Board defers action on his request to be removed from its watchlist, pending review.

Oct. 3, 2002— CDLA tells the BSP that he has no intention of reentering banking, but only wants to be removed from the watch list so that the issue would not be used against him.

Dec. 10, 2002—He completes BSP requirements for removal from the watch list.

Feb. 14, 2003—The MB approves his request to be removed from BSP watch list.

2004- Prospero Nograles says that he pulled out his legacy investments to fund his reelection campaign.

September 2004- VP Noli de Castro appoints CDLA, his friend and big-time campaign contributor, as chairman of the National Home Mortgage Corporation, the agency that provides community mortgage programs to urban poor groups. De los Angeles didn't last a year in office. Nongovernmental organizations in the housing sector say that the few months that de los Angeles headed the agency was a time of "flagrant and brazen graft and corruption" at the NHMFC.

2005—PDIC probes rural banks found offering high yields to clients, eventually finding that these banks are linked to De los Angeles; PDIC president Ric Tan is invited to meet with then House Majority Leader Prospero Nograles in Shangri-la hotel but is surprised to see Celso de los Angeles, a Lakas partymate of De los Angeles. Nograles allegedly requests Tan to go easy on its investigations on the legacy banks.

April 2005—BSP examination finds that five Legacy rural banks are deficient in capital.

April 1, 2006—Tan relinquishes post at the PDIC as his term expires.

May 2007- Ran and won the mayorship of Sto. Domingo, Albay.

July 2007—Another BSP probe finds that the number of capital-deficient Legacy banks has increased to nine banks with an estimated deficiency of P2.5 billion.

December 2007—Jose Nograles, brother of Prospero, is named PDIC president.

2008- During birthday party of Legacy chairman CDLA, the main guests were reportedly House Speaker Prospero Nograles and former congressman Prospero Pichay.

May 2008—Legacy rural banks obtain court order from the Manila RTC preventing the MB from acting on the findings of the latest BSP audit; the BSP appeal is rejected.

June 2008- During victory party hosted by CDLA for Manila RTC’s issuance of the TRO, Speaker Nograles is reportedly seen in the party.

June 2008—BSP elevates the case to the Court of Appeals.

Sept 2008- In his radio program in DZGB, Celso broadcasts in Tagalog: “I have P1.8 billion net income, I will spend this money in the 2010 elections to topple him (Gov. Joey Salceda) down and all his political allies.”

October 2008—The CA upholds RTC decision, preventing the BSP from closing the rural banks.

November 2008—The BSP elevates appeal to the Supreme Court, which overturns the appellate and RTC rulings, allowing regulators to act on the recommendations of the BSP recommendations.

December 2008- Janet Ortiz, the VP of legacy in Davao, informed all her investors that Speaker Prospero Nograles invested P30 Million in PNBB and after the bouncing checks of Legacy became universal, Nograles was paid immediately and completely by CDLA of the 30Million last December 2008.

December 2008-January 2009—One after another, 13 rural banks linked to the Legacy group cease operations voluntarily; the BSP places them under PDIC receivership.

January 2009. Nineteen investors in celso's legacy pre-need buyback plans file with the NBI, cases for syndicated estafa and violatins of BP22 against CDLA, his son Nicolo Martin, and other officers. Many investors hold checks personally signed by celso, who also had personally met them last year to assure them that all was well in his legacy companies.