Who is francisco lao borromeo?
Francisco Lao Borromeo was the President and CEO of Asian Capital Equities who was accused of and was indicted for illegally trading stocks owned by his clients to the tune of around PhP50,000,000 (not the P130M advertised elsewhere).
He shot himself with a 9mm handgun on the parking lot of a church in the famous Forbes Park subdivision, survived and was hospitalized and subsequently disappeared from the hospital a few days after.
He is reportedly in hiding and there are conflicting reports that he is already in the United States.... he is still somewhere in Cebu, etc.
He is married to Memel Fernan, daughter of the late Senator Marcelo B. Fernan who was Chief Justice of the Supreme Court of the Republic of the Philippines. They have two kids, Mio and Melissa.
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