There is no corruption… not until they got exposed!
Now that we have a better understanding on the “dark relationship” of the Iglesia Ni Cristo and the Bureau of Customs in the Philippines (Read here) that paved one the ways for corruption and “dirty money” to seep in the once-incorruptible INC Church Administration, now let us see how the Iglesia Ni Cristo “almost” got away with it. What “legal” entity did they employ to “legally” siphon money for non-religious reasons? Atleast now you will know where part of your offering goes, BIG PART of it!
What Corruption??? What Evidences??? What Money Trail??? Impossible!!! or is it? Let’s follow the paper trail ladies and gentlemen. But please be warned, this is not for the weak hearted and the mentally slow people… you have been warned. If you are ready… do read on… (you can click on the URL Links to verify the authenticity).
Featuring: THE STORY OF THE “OTHER” FYM FOUNDATION INC.
The tale of THE TWO FYM FOUNDATION INC.
Over the Years, The FYM Foundation Inc. have basked in the limelight whenever it is announced over the INC News, whenever we read its name in the Circulars, whenever every successful story was out and about “the” FYM Foundation. But did you ever hear about the “other” FYM Foundation? Another FYM Foundation, yet hidden in the dark as its invisible and mysterious twin sister? Never heard. Never mentioned. Only spoken in murmurs and whispers in closed-door Sanggunian Meetings and select confidential personnel.
I didn’t mean for it to sound like a morbid horror story, so here’s a quick Trivia: There are two — yes 2, not 1 — Felix Y. Manalo Foundations registered with the Philippine Securities and Exchange Commission (SEC):
- Felix Y. Manalo Foundation Inc.; and
- Subic Bay-Felix Y. Manalo Foundation Inc.
While most of you may be familiar with the former, only a handful know about the latter. Now, why is that? Let’s learn more about these two…
Let’s look at the less popular one,the one hidden in the shadows, the Felix Y. Manalo Foundation Inc. which is registered in SUBIC BAY. Let’s do a very basic research, you can search along if you want. Open a web browser and open www.sbma.com
Go to the upper right side (Google Custom Search bar) and enter “Felix Y. Manalo”. This is what you will get:
There are two Search Results. Click each of the search Result and you will be able to see the Subic Bay Active Locator: http://www.mysubicbay.com.ph/zmodule/bless.php
This will give you a list of all active Subic Bay entities:
Please take note that the Subic Bay – Felix Y. Manalo Foundation Inc. is registered under the category “LEISURE”. (Please exert all effort to refrain from raising your eyebrow) Why is a non-stock, no-profit religious organization such as the Iglesia Ni Cristo with an FYM Foundation Inc. be registered in Subic Bay, let alone, under a category such as Leisure?
What is one of the most notable activity of this Subic Bay – Felix Y. Manalo Foundation Inc. in 2012 that catapulted it to the prestigious SBMA 2012 Financial Statement Year End Report? Let’s take a look. Click on the second search result:
And you will be able to download the actual SMBA 2012 Financial Statement Year End Report for your reference.
Now go to page 6 of the PDF file:
FYMF paid PHP 5.4 MILLION for *BUSINESS PERMITS*, that amount alone represents actually close to 73% of total revenue income for SBMA for that year. I guess SBMA is very thankful. Compared with Hanjin – big shipping company, who only paid 3.3 Million PHP in Administrative fees. If you’re wondering what is the Php 5.4 Million Business Permit fee is for, you can try searching it here:
sbma-regulatory-schedule-of-fees-for-permits-clearances-and-oth
What is Business and Investment Department (BID) Leisure?
Some information can be found here: http://www.sbma.com/about-us/departments/big-leisure
Let’s try to figure out which of these Core Function of BID Leisure is the one suited for the Felix Y. Manalo Foundation:
OUR CORE FUNCTIONS
- To process all new leisure investment proposals in the SBFZ.
- Project proposals concerning any of the following business activities shall be handled by the department:
- Hotel, resort, restaurant/cafes
- Casino and gaming
- Bar, KTV, entertainment and disco
- Recreational and amusement centers/parks
- Sports management events, golf course, water sports and diving operations
- Retirement village, condominium, apartment buildings, development and management of housing facilities
- Medical tourism, health care services
- Retail and duty free (Shopping malls) shops
- Tours and travel agency
- Commercial and residential real estate development and management
- And all other tourism/recreational and leisure- related businesses
- To handle the locator management of all existing leisure investments in the Freeport and facilitate the provision of the following services to SBF locators:
- Renewal of SBF Registration
- Amendment of SBF Registration
- Renewal of Lease/Sublease Agreement
- Amendment of Lease Agreement/Sublease Agreement
- Lease of additional facility (expansion of facility)
- Transfer of Leasehold Rights (Assignment of Lease)
- Assistance on matters requiring action from various SBMA offices and other government agencies
- Advise on SBMA regulations, policies and procedures
=====================
This is the more disturbing part, but wait, let me warn everybody first…. anybody with a heart condition, or if you have a pacemaker, please do not go beyond this point……..you have been warned.
Let us take a closer look at the Felix Y. Manalo Foundation Inc. and the Subic Bay – Felix Y. Manalo Foundation Inc. and let’s do a simple DUCK TEST. What is a Duck Test?
“If it looks like a duck, swims like a duck, and quacks like a duck,
then it probably is a DUCK.”
You be the judge…
Let’s investigate…
First off, here are the highlights of these two entities:
| FYM Foundation | Subic Bay-FYM Foundation | ||
| 1. | Date of registration | February 4, 2011 | May 7, 2012 |
| 2. | Company type | Non-stock, non-profit
corporation |
Non-stock, non-profit
corporation |
| 3. | Primary Purpose | To organize and coordinate projects that provide health care, financial and livelihood assistance, and disaster relief in poor urban and rural areas, and those affected by calamities | To organize and coordinate projects that provide health care, financial and livelihood assistance, and disaster relief in poor urban and rural areas, and those affected by calamities |
| 4. | Incorporators | Glicerio B. Santos Jr. Dorothy Kristine M. Orosa Glicerio P. Santos III Eduardo P. Pelayo Lydia L. Libunao Benjamin D. Chua |
Glicerio B. Santos Jr. Dorothy Kristine M. Orosa Glicerio P. Santos III Benjamin D. Chua |
| 5. | Board members | Glicerio B. Santos Jr. Dorothy Kristine M. Orosa Glicerio P. Santos IV Glicerio P. Santos III Eduardo P. Pelayo Lydia L. Libunao Benjamin D. Chua |
Glicerio B. Santos Jr. Dorothy Kristine M. Orosa Glicerio P. Santos IV Glicerio P. Santos III Benjamin D. Chua |
| 6. | Officers:
President Vice President Legal Counsel Corporate Secretary CFO External Auditor |
.
Glicerio B. Santos Jr. Dorothy Kristine Manalo-Orosa Glessy G. Esguerra-Dizon Persida V. Garcia May V. Vitug |
.
Glicerio B. Santos Jr. Dorothy Kristine Manalo-Orosa Glessy G. Esguerra-Dizon Persida V. Garcia May V. Vitug |
| 7. | Assets | P128,360.795 (2) | P1,011,763 (2) |
Sources:
- General Information Sheet (GIS) of Felix Y. Manalo Foundation, Inc. FYM-GIS-2015and Subic Bay-Felix Y. Manalo Foundation, Inc., both submitted to SEC on 2/26/2015 SubicBay-FYM_Foundation–GIS-2015
- Based on Audited Financial statements as of December 31, 2013
So let’s try to find out everything we can in the Securities and Exchange Commission regarding these two FYMF Inc. Let me call another A.E. from the Philippine Securities and Exchange Commission and have the files pulled from their SEC Database and sent over for your viewing pleasure:
First is for the Felix Y. Manalo Foundation Inc.
Now for the Subic Bay – Felix Y. Manalo Foundation Inc.
FYM-IPSD-2015 and FYM-GIS-2015
SubicBay-FYM_Foundation–GIS-2015
Here’s the AMMENDED Articles of Incorporation of the Subic Bay Felix Y. Manalo Foundation Inc.
Please pay close attention to the amendment on page 2:
Going back to the amendment on page 2:
Import and Export Transactions entail PROFIT. Profit for whom? Follow the quack!
Here’s the NOTES TO THE FINANCIAL STATEMENTS for the Subic Bay FYM Foundation Inc.:
Some excerpts from the NOTES:
Such mysterious amount of cashing flowing thru this FYM Foundation:
Did you notice the Salaries and wages? Ever wonder who these employees are in this foundation? And how much do you think are the financial transactions for 2014, 2015 and 2016? Hmmm… they should provide the church with financial transparency. That is “if” they really have nothing to hide. But I certainly don’t think Bro. Edwil Zabala will be challenging anyone with any waiver to open its books for financial scrutiny. They will just end up covering up the whole thing with more lies and excuses. They will come up with anything and everything, EXCEPT THE TRUTH!
According to the Bureau of Customs (B.O.C.), FYMF is duly licensed and accredited as an importer/exporter. Now we finally realize why BOC is so important to the Sanggunian, so important that Ka Eraño Erdz Codera (The INC Official Political Liaison Officer) risked life and limb, coupled with damaging the integrity and reputation of the whole Iglesia Ni Cristo when he made a major blunder when he undeniably got exposed for “pressuring” the current administration to “seat” certain key officials who are “highly recommended” by the Sanggunian. It was all over the news, but ofcourse the Sanggunian vehemently denied any involvement. (Ahem! Tell it to the marines! Quack!) So now we know that INC influence and control over B.O.C. is very crucial, because the Sanggunian is actively involved in IMPORTATION/EXPORTATION, and one of the channels, is thru SBMA. And when there is importation/exportation, there is $$$$$ BIG MONEY $$$$$. THAT’S WHY THE BUREAU OF CUSTOMS IS RANKED NO.1 IN CORRUPTION IN THE PHILIPPINES, AND THE INC HAS ITS HAND DEEP IN THE MONEY POT BECAUSE OF THIS “OTHER” FYM FOUNDATION. NOW WE KNOW WHY THE INC USED ITS STRINGS JUST TO REPLACE THE PREVIOUS BOC COMMISSIONER WITH THEIR “OWN”. AND THE WHOLE WORLD KNOWS IT:
http://business.inquirer.net/190693/customs-chief-sevilla-resigns
http://www.rappler.com/nation/90906-customs-sevilla-resign-political-appointments-inc
Now WHO in the Sanggunian in particular has any relative interest and benefit over these FYM Foundations? *Pretenting to be naive* Who could possibly benefit from Importation and Exportation profit via the duly licensed and accredited FYM Foundations? *Pretending to be innocent* Who could greatly maneuver all CASH FLOW IN AND OUT of the Church and IN and OUT of the FOUNDATION? Who? Who? *Pretending…nope, already looking STUPID!* I’ll leave this part out so you can guess for yourself.
*And the crowd goes….POOF!*
(And… only the corrupt cohorts are clapping, yes, they’re that stupid)
So in revealing an X-Ray view of the FYM Foundation Inc., what can you notice? The only thing having a semblance of being INC-related is the name of the foundation, disgracefully using the honorable name of the Last Messenger, Bro. Felix Y. Manalo for a dishonorable purpose, for it is as clear as day, that the FYM Foundation Inc. and Subic Bay – FYM Foundation Inc. is Bro. Glicerio B. Santos Jr., Glicerio Santos III and Glicerio Santos IV’s MONEY MAKING/RECEIVING MACHINERY HERE IN THE PHILIPPINES ALONE, WAIT ‘TIL YOU READ ABOUT THE REST!
Notice how many Glicerio Santoses there are in both the FYM Foundation Inc? Father and sons! Incorporators, board members, and officers! Whatever happened to the system of check and balance? Power is concentrated in the hands of the Santos family! Control over a staggering amount of funds rests with the Santos family! So when the time comes when there is a need for a MAJORITY VOTE regarding anything that concerns the Foundation, let’s say… buying a property, diverting of funds, investments and the likes, who do you think has the majority vote which is tantamount to a FINAL VOTE? 1 Dorothy Kristine Manalo-Orosa VS. 3 SANTOSes.
I guess the odds doesn’t favor the Church anymore but the Santos Administration.
So try to remember everything about the Santos Controlling Majority of the FYM Foundations the next time you give you voluntary contributions/offerings to the FYM Foundation Inc. Let this also be an eye-opener to all the Finance Officers who are instructed to deposit the Locale/District funds to the FYM Foundation Bank Account…
Now we all know where the money goes.
Please bear in mind that the reason why we go the distance in researching for these things, things that are kept from us, things that are used and abused for their own worldly desires, is not to put dirt on the church, not to point fingers and start a scandal, no, we painstakinly present everything under your scrutiny for one purpose, TO EXPOSE THE CORRUPT, TO EXPOSE THE CORRUPTION, TO EXPOSE THE CONSIPIRACIES SO THAT WE CAN HELP INFORM EVERYBODY OF ALL THESE CORRUPTION THAT ARE BLEMISHING THE NAME OF THE CHURCH IN ORDER FOR US TO BE ABLE TO OPEN OUR EYES, TO SPEAK OUR MINDS AND HEART, TO HEAR THE CRIES OF THE BRETHREN AND TO ACT IN HELPING THE CHURCH CLEANSE ITSELF FROM ALL FORMS OF EVIL AND CORRUPTION SO THAT WE WILL BE ABLE TO RETURN THE CHURCH OF CHRIST BACK TO ITS CLEAN AND UNBLEMISHED STATE FOR THE GLORY OF OUR ALL MIGHTY GOD.
Any of the detractors and haters, feel free to disagree, just make sure you present solid, verifiable and undeniable proof (not just copy-pasted materials from my article and a few PURELY OPINIONATED STATEMENTS) to disprove these facts rather than whining like a child because you still don’t know who I really am (Feel free to provide Statements of Accounts, Receipts, Foundation Expenses Reports, Liquidation Reports, Pictures and documents, and MOST ESPECIALLY PLEASE DO EXPLAIN WHY THERE ARE 3 SANTOSES IN THE MAJORITY SEAT). Also please state if your answer to my article, “the official” answer of the Sanggunian or just your opinion. Stop chasing the messenger and START ANSWERING THESE ISSUES OF CORRUPTION. For the Sanggunian, you can choose to be QUIET and RUN AWAY FROM THESE ISSUES, BUT SOONER OR LATER, WHEN ALL THE BRETHREN ALL OVER THE WORLD ARE AWAKE AND SILENT NO MORE, ALL THESE ISSUES WILL HUNT YOU DOWN AND BITE YOU IN THE ***. So be Minister enough to face the consequences of your corruption, step aside and invite an open and transparent investigation of the allegations against you and let the whole church know that the IGLESIA NI CRISTO DOES NOT CONDONE ANY FORM OF CORRUPTION. Be brave enough to have a TV Segment on NET 25 and INCTV regarding all these issues and start a transparency campaign throughout the whole church and let the brethren know WHERE EXACTLY DOES THE MONEY GO?
~ Antonio Ebangelista
“they tried to bury us… they didn’t know we were seeds.”
How did did this all start? “Ang Simula” / “The Start”
This is my STAND: “Let me Make Myself Clear”
F.A.Q.: Question and Answer with Antonio Ebangelista
Our Standard: Let this be a CLEAN FIGHT even if THEY FIGHT DIRTY
Philippine Daily Inquirer Article: “Antonio Ebangelista writes Philippine Daily Inquirer, Warns Iglesia Elders”
Para sa lahat ng mga MINISTRO: FOR IGLESIA NI CRISTO MINISTERS
The CHOICE is always UP TO YOU : “The Red Pill. The Blue Pill”
Contact Information
Offcial Email: AntonioRamirezEbangelista@gmail.com
Official Blog: Http://incsilentnomorebackup.wordpress.com
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“Unlike you, I don’t have power nor money, but what I do have are a very particular set set of skills, skills I have acquired over a very long career. Skills that make me a nightmare for people like you. If you tell the truth now, that’ll be the end of it. I will not look for you, I will not pursue you. But if you don’t, I will look for you, I will find you, and I will expose you.” – AE
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