The disaster-prone Philippines invested billions in flood control. Then officials looted the funds

Ace Aguirre was just two bites into his oatmeal on the morning of November 4 when he noticed something strange: mud had seeped onto the living room floor of his bungalow in Cotcot, a village in the Philippines’ Cebu province.

​ Ace Aguirre was just two bites into his oatmeal on the morning of November 4 when he noticed something strange: mud had seeped onto the living room floor of his bungalow in Cotcot, a village in the Philippines’ Cebu province. Read More Breaking News, Latest News and Videos | CNN