KAPA Ministry officials, promoters ordered arrested on fraud raps: SEC


Posted at Feb 12 2020 01:58 PM | Updated as of Feb 12 2020 01:59 PM

MANILA - A Surigao Del Sur court ordered the arrest of the founders, officers and promoters of the Kapa Community Ministry International on fraud charges, regulators said Wednesday. 

Warrants of arrests were issued against KAPA founder and president Joel Apolinario, trustee Margie Danao, corporate secretary Reyna Apolinario and promoters Marisol Diaz, Adelfa Fernandico, Moises Mopia and Reniones Catubigan based on a case filed by the Securities and Exchange Commission, the SEC said. 

The SEC revoked KAPA's certificate of registration in April last year over a scheme that promised members with a 30-percent return for donations. 

In a Sept. 25 resolution, the Department of Justice found probable cause to file charges against KAPA officials.

KAPA is "willfully, unlawfully and criminally" selling securities without a registration, the SEC said citing DOJ order. The officials were also charged for "promoting the investment scam," it said. 

“It is about time that the people behind KAPA answer the criminal charges filed against them,” SEC Chairperson Emilio Aquino said.

Separate warrants of arrest against promoters Fernandico and Mopia were earlier issued by a Quezon City regional trial court.

The SEC urged the public to exercise "caution and discernment" as the remaining supporters of KAPA have suggested the group's alleged revival.

--with a report from Michelle Ong, ABS-CBN News