When the Securities and Exchange Commission (SEC) in Cebu warned the public about investment scams following the operation of Kapa Community Ministry International, Inc. (KAPA), I remembered the
The business started in Pagadian City, and due to its success, it expanded to the neighboring cities and provinces in the Mindanao area. It offers to the people a 30-40 percent return of investment within eight days, and a 50-80 percent profit for 18 to 20 days.
They saw profits. In fact the early investors were able to buy cars and properties which tempted more people to join. They were made as living testimonies of the company. Such incident pushed some victims, especially the retirees, to commit suicide. Others become violent after learning that their hard-earned money was gone.
Recently, Pastor Joel Apolinario, founder of KAPA, has entered in the island of Cebu to entice people to invest in his church offering 30 percent return of investment every month. But investors are asked to sign a donation document, instead of using other terminology.
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