SEVEN company executives and staff of alleged ‘swindler’ Teodoro Camacho were nabbed this Wednesday in two simultaneous raids of his offices in Pasig City and San Mateo, Rizal.

Joint forces of the Philippine National Police and Criminal Investigation and Detection Group (CIDG) failed to bag Camacho, who has a number of arrest warrants under his name. He owns LGTM Corporation, which allegedly claimed to possess the over 14 hectares of parcels of land located at Bgy. Gulod Malaya, San Mateo, Rizal.  Camacho’s seven subordinates were arrested.

The real estate property belongs to Do-All Enterprises, Inc. based on record and authenticated documents from the Registry of Deeds.

Company spokesperson, Bam Masongsong, disclosed that indeed LGTM and Do-All Enterprises entered into a Joint-Venture Agreement (JVA) on April 11, 2002 but “LGTM has not secured the required government permits necessary for the development of St. John Homes- thereby rendering said JVA with Do-All Enterprises, Inc. null and void.”

But LGTM has been selling the lots at St. John Homes. Licensed real estate brokers Ramon Zamuco Jr. and Edward Reboton Jr. of Do-All Enterprises, Inc., have called on the public “to cease and desist from transacting business with LGTM in regard to buying or selling of lots in St. John Homes Subd. without the permission from the ‘new management,’ which refers to Do-All Enterprises, Inc.


LGTM marketing manager Brenda Sarmiento, 60, married, of Pasig City, was caught on the act of issuing fake receipts when a staff of Excelsum Property Solutions, Inc. (EPSI), Alizier Roldan, posed as a potential lot buyer and paid a reservation fee of P5,000. EPSI is a leading provider of real estate consulting services and asset recovery. Videos and pictures were taken during the transaction, which became the bases for police and CIDG’s actions.

Arrested with Sarmiento was Joy Borromeo, 24, marketing assistant of San Mateo, Rizal.

Subsequently, Roldan went to LGTM main office at 8th Floor Antel Global Corporate Center, Dona Julia Vargas Avenue, Ortigas Center, Pasig City, where he paid P20k, the supposed full downpayment. It was then that PNP and CIDG pounced on the all-women executives and staff of the company. There was no resistance but with a bit of hysterics from the ladies.

Arrested in Pasig City office were management supervisor of Credit and Collection, Norilyn Uy, 54, married of Quiapo, Manila; accounting assistant, Rose Jean Llanera. 26, single of Novaliches, Quezon City; Jennifer Haddon, 49, married, accounting staff of Mandaluyong City; Teresita Gamier, 55, married, senior office assistant of Quezon City and Lorna Maramag, 54, senior office staff of Quezon City.

Despite a cease-and-desist order (CDO) issued by Department of Human Settlements and Urban Development (DHSUD), formerly HLURB, LGTM allegedly continues to sell parcels of land to the unsuspecting buyers, according to Masongsong.

Romualdo Sanchez, the president of a homeowner’s association inside St. John’s Homes, confirmed that when they checked with the Registry of Deeds, the landholdings were found to belong to Do-All Enterprises but Camacho reportedly insisted on the existence of the JVA.

Joel Cruz, another resident said they were surprised to meet the Do-All Enterprises, Inc. staff and take-over by its security men over the property.

The complete or full takeover of the company showed its readiness to legally occupy the property. They also put on tarpaulin at the subdivision’s three entrance gates notifying the public of LGTM’s violations. Lots’ selling price is P5,500 per square meter, based on LGTM’s documents.

To assist and help the people already inside the private subdivision, a Help Desk will be installed near the property entrance, according to Jude Salvosa, an independent contractor. A class suit will likely be filed against Camacho, according to the two real estate brokers. Camacho’s arrest warrants stemmed from syndicated estafa filed against him by various property owners. St. John Homes was formerly known as Valley View Subdivision.