The Fight for Ferdinand Marcos's Cash

A torturous battle in the New York courts for the torture victims of the Philippines

"If the Republic fails to seek enforcement of its judgment or some other avenue of recourse, the time may come when the [class of victims] could again ask a New York court to reconsider the enforcement of its judgment," the decision stated.

The Philippines would not attempt to make a U.S. legal claim over the next year. To Swift, the time had come. In June, he filed a new petition, arguing that the Philippines was doing nothing more than blocking his clients. Besides, the victims had laid claim to the Arelma account years before the government had.

Now the court must decide whether the Philippines has waited too long to seek the money.

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"If a government can succeed in that claim, that all of a former dictator's assets belong to a government, human rights victims would never be able to get compensation," says Swift.

President Benigno Aquino III's office did not respond to interview requests. Araceli Manaloto, manager of the Philippine National Bank in New York, says she is "not familiar with the case." But the government has made its perspective clear over the years: "These assets were improperly obtained by Marcos through gross misuse of public office and in grave betrayal of the public trust and therefore forfeited from the moment of misappropriation," PCGG chairman Andres Bautista said in 2009. In February, the Philippine Congress passed a bill that allocated $246 million to compensate victims of Marcos's human rights violations—a little more than 10 percent of the Hawaii judgment.

The Arelma dispute is fueled by basic math: Marcos's estate has not provided enough assets to cover the scope of the regime's wrongdoing. Over nearly three decades, the PCGG has recouped $4 billion, less than half of what the administration stole. In the 18 years since the Hawaii decision, the 10,000 plaintiffs have collectively taken home just $22 million, around 1 percent of the judgment.

Meanwhile, as the legal battle in New York between Filipino taxpayers and human rights victims rages on, the head of the Marcos estate has sought to resurrect the family's power.

In 2010, Marcos's widow, Imelda, was elected to the Philippine House of Representatives. Public records showed that she had a net worth of $22 million, making her the second-richest member of Congress, behind boxer Manny Pacquiao.

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I agree with you supersaiyan_jong, people were victims of propaganda
blinded by the media!
the one that is blind is u Miggy.

Think about it:

Marcos has a lot of time to kill Noynoy,Marcos stopped his death penalty , letting noynoy to go to the U.S and recieve medical care.

When Marcos was revolted out, Why would the U.S still support him for 20yrs?


get your facts straight! President Marcos didn't corrupt any Philippine money. They won all cases of graft filed against them !

Also those numbers you are saying about Martial Law victims is just propagandal! damnit!


@supersaiyan_jong Except that the Philippine government have already taken the money from the Swiss bank back to the country again like Erap etc Marcos did not put it in their names directly but to other peoples name and fictitious names too...We too in Mindanao is one of the witness of Martial Law military abuse etc.It was only Military officers people who has strong connection w/ the Marcos that prospered in behalf of the peoples suffering....

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