Tuesday 18 June
KAPA not religious, not holy - NBI Jun 12, 2019 @ 17:37

KAPA not religious, not holy – NBI

 

KAPA-Community Ministry International, Inc. is merely a recruitment firm and not a religious sect.

Smooth operator: KAPA founder Joel Apolinario no stranger to estafa

Operatives of the National Bureau of Investigation (NBI) went the extra mile just to figure out how KAPA, which has now emerged as one of the biggest investment scams in the Philippines, runs its operations.

Our 10M members are all happy with 30% return! Kapa leader claims only oligarchs, banks, PCCI are complaining

NBI deputy director for operations service Antonio Pagatpat said that some of their agents applied for KAPA membership and discovered that the organization was much like any other pyramiding firm.

Kapa makes P100M payouts a day: NBI to file charges of large scale estafa vs Pastor Joel Apolinario

Although KAPA declares itself as a religious group under the leadership of Pastor Joel Apolinario, its operations are mainly money-driven and businesslike.

KAPA one of the biggest investment scams to date – Emil Aquino

“There was no religion involved in their activities,” Pagatpat said in a media briefing Tuesday after authorities conducted simultaneous raids on KAPA’s offices.

Multiply like bread? KAPA can’t give P180B profits on P50B ‘donations’ from at least 5M members – SEC

There was also nothing holy about their membership process: they’d take anyone regardless their background, as long as applicants are willing to invest.

CA freezes Kapa funds, SEC to file more charges vs Pastor Joel Apolinario, allies

Members who donate will supposedly earn earn a 30 percent monthly return for life.

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