Saturday 17 August
Jun 12, 2019 @ 10:31

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

 

A leader of the Kabus Padatoon (KAPA) Ministry International Inc. is claiming it has 10 million believers who are getting 30 percent monthly returns or “love gifts” or “blessings” on their investments or “donations” and not one of them are complaining.

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

KAPA spokesperson Danny Mangahas claimed that only the “oligarchs, banks, and the Philippine Chamber of Commerce and Industry” were complaining about their get-rich quick scheme for poor Filipinos, including overseas Filipino workers.

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

“Sino ba ang nagrereklamo? Mga oligarko, ‘yung mga tinatamaan ng KAPA, ‘yung mga banko, ‘yung PCCI, na sila mismo ang nauunang magreklamo sa Mindanao,” Mangahas said in a press conference.

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

“Sila ang nagasasabi na ang KAPA ay scam. Bakit kamo? Dahil tinatamaan ba ang negosyo nila?” he added.

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

President Rodrido Duterte the closure of KAPA because he believed its promise of a 30 percent monthly payout for its believers was “too good to be true.” Duterte called it a “pyramid scam” and its leader guilty of sydicated estafa.

Kapa pyramid scam to defy Duterte closure, arrest order: We have complete papers

But Mangahas disagreed.

‘Di makuha sa warning: Davao police chief to charge cops investing in KAPA, other Ponzi schemes

“Umaapela kami, bakit ganoon. Masama ba tumulong ang isang religious organization sa mga mahibirap? Ano ang basehan nila para ipahold ang mga liabilities ng 10 milyon na miyembro ng KAPA,” said Mangahas amid the raids on KAPA offices and the house of its founder, Pastor Joel Apolinario.

SEC issues permanent ban on Davao-based KAPA’s Ponzi scheme

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