THE Department of Justice (DoJ) subpoenaed officers of controversial religious group Kapa Community Ministry International Inc. (Kapa) over charges linking it to an alleged large-scale investment scam.
The investigating panel chaired by Asst. State Prosecutor Gilmarie Fe Pacamarra ordered them to appear before the DoJ and answer the charges of violation of Republic Act 8799 (Securities Regulation Code or SRC) filed against them by the Securities and Exchange Commission (SEC).
The Kapa officials were required to submit their counter-affidavits in hearings set at 1 p.m. on July 5 and 15
Covered by the subpoena were Kapa founder and president Pastor Joel Apolinario, trustee Margie Danao, corporate secretary Reyna Apolinario and officers Marisol Diaz, Adelfa Fernandico, Moises Mopia, Catherine Evangelista and Rene Catubigan.
The SEC accused the respondents of perpetrating an investment scam by violating Sections 8 and 28 of the SRC.
Section 8 of the SRC prohibits sale or distribution of securities without a registration statement duly filed and approved by the SEC.
Section 28 prohibits any person from engaging in the business of buying or selling securities in the country as a broker or dealer, or act as a salesman, or an associated person of any broker or dealer unless registered with the SEC.
The SEC also found out that the respondents violated Section 26 of the law that prohibits Ponzi scheme, an investment program that offers impossibly high returns and pays investors using the money contributed by other investors.
The SEC said its investigation showed that Kapa and its officers enticed the public to “donate” at least P10,000 in exchange for a 30% monthly “blessing” or “love gift” for life, without having to do anything other than invest and wait for the payout.
PNP-CIDG PURSUES PROBE ON INVESTMENT SCAM RINGS
The head of the Philippine National Police Criminal Investigation and Detection Group yesterday assured the people they are continuing their effort to unmask and charge in court all personalities behind several fake investment scams which are believed to have duped thousands of unsuspecting people of billions of pesos.
PNP-CIDG director Major General Amador Corpus said that they have joined the National Bureau of Investigation in probing the activities of these groups, which include the Kapa Community Ministry International, despite harassment from lawyers hired by the companies.
One of the supposed donors of Kapa identified as the Rhema International Livelihood Foundation Inc. had asked the Supreme Court to hear their petition seeking P3 billion in damages from the government and the impeachment of President Duterte for including them in the list of unregistered investment entities in the country.
“Nagsampa po sila ng petition pero tuloy pa rin ang kampanya ng PNP kasama ang NBI at ang iba pang mga law enforcement agencies para matigil na ang operasyon ng mga fake investment scammers na ito, “Corpus said.
CHARGES FILED VS PPM PERSONALITIES
The PNP-CIDG has already filed criminal and administrative charges against more than 50 personalities accused of involvement in the “Police Paluwagan Movement” which reportedly offered 30 percent up to 400 percent monthly interest.
Police Regional Office 12 director Brig. General Eliseo Rasco said that the PPM, which was shut down last March, victimized many Central Mindanao police officers and men with about hundreds of millions to billions of pesos in losses.
The Journal Group learned that last April 19, the PNP-CIDG filed charges for violation of Article 315 or estafa under the Revised Penal Code in relation to Presidential Decree 1689 which increases the penalty for the offense against 26 individuals before the General Santos City Prosecutor’s Office.
Charged were Sheila Grace Agustin who was tagged as the leader of the Plan ProMatrix; Mark George Barnuevo, founder of the group; Rondell Gringon, Master Sergeant Roderick Ringon; Corporal Rhodora Bombita who is set to be utilized as a state witness; Pinky Palmes, Reynaldo Prutas, Junnel Millano, Hyacinth Joy Salva, Genelyn Alayon, Maria Lourdes Ama, Corazon Haberle Divina Gracia Yarte, Sheryl Melano, Ruffalyn Lope, Mercury Moralde, Celine dela Cruz, Eloisa Gamayot, Reynan Olais, Jonalyn Reyes, Marjolyn Balais, Juliet Panapio, Hapilyn Banares, Jully Sabinon, Iciel Panagsagan, Heart Alodie Asug and several John and Jane Does.
With Alfred Dalizon