From 100-M to 200k! Francis Leo Marcos admits that he’s already losing money because of helping people

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Three weeks before he was put under the custody of the National Bureau of Investigation, Norman Mangusin, better known as Francis Leo Marcos claimed that he already spent 99% of his money stored from his bank accounts because of helping people.

In one of his vlogs, Marcos narrated that before he started the ‘Mayaman Challenge’ he still had 100-M pesos in his bank account, but now he said that only 200,000 pesos remained.

According to him, he already talked with his partners to help him fund his philanthropic activities because he couldn’t say ‘no’ to the people asking for donations.

“Kinausap ko na ‘yung mga partners ko kasi malaki na po yung ating gastos at talaga namang ubos na po ang aking savings, ang natira nalang po out of 100+ million ay 200,000 (pesos) nalang, “ Marcos said.

“Pinaghirapan ko ng mahabang panahon, pinagpaguran, pinagtuluan ng pawis at luha… minsan nakakasama lang ng loob dahil binigay mo na ‘yung buhay mo sa mamamayan, mayroon talagang mga taong utak demonyo,” he added.

Marcos said that to solve his problem, he went to his friend to get the money he earned from selling his shares from his company.

“Ipagbibili ko ang aking share, nagkakahalaga lamang po siguro ng mga kaunti lamang po,” he said.

The self-proclaimed businessman also alleged that some groups tried to extort his money from him, but he ignored their demands and challenged them to bring the fight to the “court”.

In another vlog, Marcos said that he already sold a property worth P40-M to fuel up his philanthropic activities.

However, after an investigation, NBI discovered that Marcos doesn’t have any properties registered under his name, including the mansion and sports car he’s used in his vlogs.

“Vinerify namin, hindi naman sa kanya ‘yun, in fact hindi siya ‘yung umuupa doon, tapos ‘yung sinasabi niya na bahay niya, yung pinapakita niya sa social media, hindi sa kanya ‘yung sa Quezon City,” NBI Cybercrime chief Vic Lorenzo said.

“Yung mga sasakyan hindi sa kanya, pati yung office na ginagamit hindi rin sa kanya, hindi sa negosyo niya, hindi under his name,” he added.

READ MORE: NBI reveals that Francis Leo Marcos is using a fake name and doesn’t own the sports car or mansion he’s showing on his videos

NBI also received that Marcos allegedly lied several times to his followers about the amount of rice he’s sending to different places in the country.

“Talaga bang tumutulong siya? Kasi marami kaming reports na nareceive na supposedly ilang tons daw ang ibinibigay niya na bigas, hindi pala… ilang supot lang pala,” Lorenzo stated.

“Vinerify namin ‘yung activity niya doon sa Santa Rosa, nag distribute daw siya ng tons of tons of rice, ‘yun pala sa isang fraternity lang pala niya ibinigay ‘yung mga bigas na ‘yon,” he added.

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