Businesswoman Iris Yu Cries Foul Over Alleged Korean-Linked Syndicate, Court Abuse**
When Iris Yu’s husband lay dying in a hospital bed, she was fighting for his life.
Behind her back, she says, others were fighting to take everything she owned.
Now widowed, stripped of luxury vehicles worth tens of millions of pesos, and forced out of a home she believed she had legally acquired, the 37-year-old businesswoman from Portofino South, Las Piñas City, is sounding the alarm — alleging she is the victim of an organized, Korean-linked fraud syndicate enabled by document falsification, intimidation, and what she claims is blatant court abuse.
A MEDICAL CRISIS TURNED OPPORTUNITY FOR FRAUD
Yu’s nightmare began in January 2022, when her Korean husband suffered a massive brain hemorrhage. As she rushed between hospitals in the Philippines and South Korea, focusing solely on survival, she says trusted employees and business associates saw opportunity — not tragedy.
According to Yu, Korean employees who lived and operated out of the same building as her business allegedly stole multiple high-value vehicles registered under her name. These included an Audi Q5, several Mercedes-Benz units, Lexus vehicles, and even Ferraris.
She alleges ownership documents were falsified, signatures forged, and fake residency IDs produced to facilitate the illegal sale of the vehicles — a multimillion-peso operation that did not happen overnight, and certainly not without coordination.
Some Korean suspects were later arrested. But Yu insists the Filipino mastermind behind the document falsification and coordination remains untouched, free, and unnamed — raising disturbing questions about protection and influence.
One luxury vehicle, she adds, was never recovered.
FROM FRAUD TO FORCED EVICTION
As if losing millions wasn’t enough, Yu says the same circle of individuals pulled off what she describes as the ultimate betrayal — taking her home.
Filipino associates who allegedly defaulted on payments for luxury vehicles — ₱12.5 million for a Mercedes-Benz GT63 and ₱3 million for a Lexus LX570 — proposed a settlement: transfer ownership of the house Yu was already occupying.
With the inclusion of a Ferrari 458 valued at ₱18 million, the total consideration reached ₱33.5 million.
Contracts were signed. Vehicles were handed over. Yu took possession of the property and was promised transfer of title within a year.
Instead, she was slapped with an ejectment case.
Yu claims the individual whose name appeared on the title was fully aware of the transactions, participated in discussions, accepted the benefits — and only later went to court to reclaim the property.
Despite the massive consideration allegedly already paid, the court ruled against her.
SHERIFF, GUN THREATS, AND A QUESTIONABLE STORY
The enforcement of the ruling, Yu says, was just as alarming.
She accuses a sheriff of fabricating a story that he was threatened at gunpoint during enforcement — a claim she flatly denies.
“At that time, there were only women, children, elderly people, and my driver inside,” Yu said. “No firearms. No threats.”
Yet the claim stood.
A PATTERN OF SCAMS?
Yu details even more alleged schemes:
• A Mercedes-Benz S63 transferred without payment
• ₱15.8 million worth of vehicles left unpaid
• Luxury watches exchanged for worthless checks
• Vehicle registration documents seized without any compensation
Some alleged perpetrators, she says, are now detained — but for other cases, not hers.
“I am the victim, yet I am the one being punished,” Yu said.
A WARNING TO THE PUBLIC
Now a single mother of three, Yu is pleading not just for justice — but for attention.
“This can happen to anyone,” she warned. “If you are sick, grieving, distracted — they weaponize paperwork, trust, and influence. And when you fight back, the system turns on you.”
Her case raises uncomfortable questions:
•How do multimillion-peso frauds happen without inside help?
•Why are alleged masterminds untouched while victims are evicted?
•And how many others have been silenced because they lacked the means to fight back?
Ms. Iris Yu is asking for help.
The question now is whether the system will listen — or once again protect the powerful and punish the wounded
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