Tag: Ponzi scheme Kapa

SEC files criminal raps vs Kapa-Community Ministry International

(Eagle News)–The Securities and Exchange Commission on Tuesday, June 18, filed criminal charges against Kapa-Community Ministry International, Inc. for allegedly operating a Ponzi scheme. Charged for  violation of  Republic Act No. 8799, or the Securities Regulation Code, before the Department of Justice were Kapa founder and president Joel A. Apolinario, trustee Margie A. Danao and corporate secretary Reyna L. Apolinario. Also charged were  Marisol M. Diaz, Adelfa Fernandico, Moises Mopia, Catherine Evangelista and Rene Catubigan […]