Federico M. Hizon, along with his sisters Maria Belen M. Hizon and Bernadette M. Hizon-Deduque, have been accused by their brother, Ernesto M. Hizon, for violation of Article 315, paragraph 1(b) of the Revised Penal Code or Estafa through misappropriation of corporate funds. The alleged misappropriated funds amount to more than PhP760 million.