Tag: Kapa

DOJ panel finds probable cause to indict Kapa founder Apolinario, other officials over Ponzi scheme — Perete

(Eagle News)–A Department of Justice panel has found probable cause to indict officials of the Kapa Community Ministry International Inc. for violations of the Securities Regulation Code, Justice spokesperson Markk Perete said. According to Perete, in its 21-page resolution dated  Sept. 25, the panel recommended the indictment of Joel Apolinario, his wife Reyna, Margie Danao, Adelfa Fernandico, Moises Mopia, Marisol Diaz and Reniones D. Catubigan. The Apolinarios and Danao were ordered indicted for their alleged  […]

Continue Reading →

2 of 3 private complainants in syndicated estafa raps vs Kapa withdraw charges

Third complainant to withdraw charges too  (Eagle News)–Two of the three private complainants who filed  syndicated estafa raps  against officials of Kapa Community Ministry International have withdrawn the charges. During the preliminary investigation, Kim Ampo and Judith Ledicho swore on their affidavit of desistance before the Department of Justice panel of prosecutors. The third private complainant, Virginia Ampo, is slated to file her affidavit of desistance before a provincial prosecutor and not before the DOJ […]

Continue Reading →

KAPA officers, no show at start of DOJ preliminary probe

  (Eagle News) — Officers of the Kapa Community Ministry International, Inc. accused of violating the securities law failed to show up at the start of the preliminary investigation of the Department of Justice (DOJ) on Friday, July 5. Kapa did not send also send a lawyer to represent its officials. At the start of the DOJ’s preliminary hearings, only officials of the Securities and Exchange Commission were present. SEC filed a complaint for violation […]

Continue Reading →