ZAMBOANGA CITY: Authorities said that two of those involved in the P12-billion Ponzi scheme in Pagadian City have surrendered as manhunt continues for the brains behind the trading scam that duped thousands of investors.

The National Bureau of Investigation and the Philippine National Police said that Maria Donna Coyme, who is reportedly the chief finance officer of Aman Futures; and Jacob Razuman, one of the firm’s top brokers, are currently being investigated for their role in the scam.

One of the firm’s brokers, Anwar Zainal, was abducted in Pagadian City and his body was found in nearby town of Tambulig in Zam-boanga del Sur province.

Coyme admitted working for Aman Futures headed by Malaysian tourist Manuel Amalilio and his Filipino partner Fernando Luna. Ama-lilio was reportedly in Malaysia, while Luna is still hiding follow Coyme said that she is willing to turn state witness. In a report by GMA News, Coyme said that she processed about P500 million in investors’ shares and that Mayor Samuel Co of Pagadian City allegedly invested some P30 million.

Co denied being part of the scam, but allegedly admitted being a victim.

Police on Thursday sacked its two senior officers in Zamboanga del Sur for failing to stop the scam.

Regional Police Chief Napoleon Estilles said that the two officers—Senior Supt. William Manzan, the provincial police chief and Kenneth Mission, police chief of Pagadian City —were both relieved of their duties.

“They failed to prevent the scam despite our warning,” he said.