Anybody read this?

[Ramjet]

Kaya pala biglang natahimik ang balita.




Nightmare of the worst kind
SPY BIZ by S.A. Maguire
The Philippine Star 07/13/2004

Xavier School parents are reportedly having a nightmare of the worst kind. Our Greenhills Spy-ring disclosed that the school has recently been plagued by a gambling epidemic. This problem blew up in the public's consciousness during the whitewashed shootout between a son of a former legislator and a son of a businessman. The high school freshman son of a former chair of the Philippine Stock Exchange (PSE), who is feuding with a female former PSE chair, reportedly lost P500K to the gambling syndicate headed by the former legislator's son. The boy received death threats by text prompting the prominent stockbroker to pay the syndicate. Other parents are fuming because their children amassed debts disproportionate to their allowances. The school’s total betting pool for the NBA finals allegedly exceeded P5-M. The authorities should investigate and stop the gambling-by-text trend that is on the verge of becoming a Metro-wide epidemic. Worse, some parents are considering raising vigilante groups to protect the children. If people get hurt because of indiscriminate vigilante action, the Philippines will surely end up on the short and of CNN’s World News again. By any stretch, this problem is certifiably one of the worst kind of nightmare for all of us.

[mbt]

yes, this is true. the XSHS prefect of discipline told me about the problem himself, and the school authorities are definitely aware of the problem and are trying to control it. they're worried about the harassment to the students who can't pay huge debts.

actually, hindi lang sa xavier HS yan. the gambling thing exists in other upscale high schools and universities too for sure :whoa:

[yebo]

di kaya nafi-fix ng anak ni jawo ang nba results? gawa ng tatay nya yun sa pba nung araw e, nyahahaha!

[empy]

how does a high school kid walk get his hands on 500k anyway, regardless of how rich his parents are?

i'm going to go out on a limb here and say that this kid probably won't grow up a productive, humble member of society (sarcasm)

[Renelmac]

I agree with M54 and Mbt, Its an epidemic na nga,siguro yung XS is only a small part. im sure kahit sa ibang schools laganap na din tong gambling na to. be it highschool or college, tsaka ang tagal na nito umiikot around more than 4 yrs na i think. Easy money is so tempting kasi, pero may mali na talaga if pumapayag ka na tumaya ng 100k ang isang bata ...haay pilipinas!

[odell]

kalat talaga yan.. may mga kakialla ako na mga bookee.. depende din yan.. siyempre kung magpapataya ka dapat makakbayad

[RedHorse]

eh paano, bagsak ang stock market, kaya anak pusta ka na lang muna sa ending

[ssaloon]

kahit admu kalat yan. tumataya ako dati, pero maliit lang and matagal ko ng tinigil. i quit when i was ahead.

[mbt]

m54 powered,

that's the thing hehe... the kids DON'T have 500K (i heard some single bets are as high as that or even higher), so the debt piles up until the parents are forced (and usually, they do out of pity for their children) to bail them out.

usually the students get the money from their winnings in the betting, i heard of some people winning 120,000 bucks in a day, doubtless there are many who get away with much more :whoa:

[mazdamazda]

sosyal naman kasi ng mga yan!!!

nung tumataya kami dati (kami kami lang), P10 lang!!! :D

tapos piso-pisong tong-its lang... :D

[ssaloon]

kung baguhan ka lang, you can only bet 1k, max... pero as your record (credit) gets better, tumataas din credit limit mo sa pagtaya. a friend of mine was able to buy a jag x-type with his winnings. napaghinalaang money laundering din ng bank sa laki ng lam,an ng account nya.

[badkuk]

i think early this month/late last month nafeature to sa Inquirer...pati Chinese schools meron.

[gearspeed]

Ang hirap naman manalo sa pustahan na yan..heheh... :D

[RedHorse]

di nga, kasi based on what a school head said, sa mga chinese families eh common naman daw ang mahjong, so at early age exposed na sa sugal ang bata...

[mazdamazda]

i think may fault rin ang parents by giving their kids big allowances. although this may teach SOME money management, apparently MOST can't handle this without the proper guidance of the parents. the problem with some parents is that they don't really look after their kids - concentrating more on making more money.

[pajerokid]

naaalala ko tuloy nung high school pa ako, nagpapa-ending ako ng piso piso para maka burger hehehe

[RedHorse]

piso-piso daw owwws he he he

[jim]

Yan na nga ba sinasabi ko........... dapat pag HS student 200 pesos a day lang ang allowance hehehehehehehe. Basta pagkakakitaan balewala na ang age kasi pera na ang usapan. Langhiya talaga ang mga nago-organize nyan. dapat yan ang patawan ng 'death penalty' kasi kino-corrupt ang mga utak ng inosente (kuno!) and to think that when GMA became president sabi nya jueteng and other kinds of illegal gambling susugpuin ng gobyerno eh lumala pa!!! where is GMA now!!!! nanalo na naman sya........... I hope and pray na wag na lumala ang sitwasyon. Let's just pray and hope for the best!! kawawang kabataan na syang kinabukasan ng ating bayan :-(

[boybi]

Originally posted by pajerokid
naaalala ko tuloy nung high school pa ako, nagpapa-ending ako ng piso piso para maka burger hehehe

ikaw yata amg promotor ng ending e :bwahaha:

[empy]

Originally posted by mbt
m54 powered,

that's the thing hehe... the kids DON'T have 500K (i heard some single bets are as high as that or even higher), so the debt piles up until the parents are forced (and usually, they do out of pity for their children) to bail them out.

kaya pala nababaril sa parking lot yang mga yan eh...trying to welsh on a bet. hindi ba sila nanonood ng mga mafia movies, to know what happens to people who do that? :D