DABAWENYOS lose P10M to Repa Paluwagan investment scam

SEC-Davao warns public vs. new ‘fraudulent’ money scheme

DAVAO CITY – The Securities and Exchange Commission (SEC) in Davao has warned the public on Wednesday against investing in the new money scheme called Repa Paluwagan.In a statement, the SEC-Davao clarified that the operation of the entity is a “Ponzi Scheme,” an investment fraud… Read More

28 INVESTMENT SCAMS MILKING GULLIBLE CAGAYAN DE ORO RESIDENTS

SEC warns public vs. scammers

 May 15, 2021

CAGAYAN DE ORO CITY – The Securities and Exchange Commission (SEC) here has warned the public of the proliferation of at least 28 groups and individuals engaged in fraudulent investment schemes.“In its continuous efforts in investigating possible investment scams, the Commission warns… Read More

TERROR GROUP SUPPLIED FIREARMS TO KAPA FOUNDER APOLINARIO

SoCot ‘local terror group’ eyed as Kapa founder’s arms supplier

GENERAL SANTOS CITY – Police are eyeing an Islamic State-inspired local terrorist group operating in South Cotabato province as among the possible sources of the high-powered firearms that were seized last month from Kapa Community Ministry International founder Pastor Joel Apolinario.Col…. Read More

Kapa founder Joel Apolinario arrested in Surigao del Sur

KAPA Community Ministry International Founder Joel Apolinario has been arrested in Lingig, Surigao del Sur for syndicated estafa, an official confirmed Tuesday.

Apolinario was arrested for syndicated estafa with no recommended bail as issued by a Cagayan de Oro regional trial court.

“Confirm [ed yung arrest] po sir but as to the details hinihintay pa namin,” CARAGA Public Information officer Renel Serrano confirmed the report with ABS-CBN News. READ MORE

MORE ARREST WARRANTS FOR KAPA SCAM FOUNDER APOLINARIO

DAKPA

Another Sarangani court orders arrest

GENERAL SANTOS CITY – Another court in Sarangani province has ordered the arrest of Kapa Community Ministry International Inc. founder Pastor Joel Apolinario and his top associates for syndicated estafa.Lawyer Regner Peneza, head of the National Bureau of Investigation-Sarangani district… Read

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THE APOLINARIO KAPA INVESTMENT SCAM

Court orders arrest of 18 Alamcco execs over investment scam

A regional court in Sarangani province has ordered the arrest of at least 18 officials of a cooperative based in Alabel town that had allegedly operated an illegal investment scheme.

alamccoThe Regional Trial Court (RTC) Branch 46 in Alabel, Sarangani, confirmed Monday that it has issued a warrant of arrest against the board of directors and other officials of the Alabel-Maasim Credit Cooperative (Alamcco) for syndicated estafa.

The arrest warrant, copies of which circulated in the social media over the weekend, was signed by Judge Rebecca Dardo-Seredrica on February 18 and was served to respondents starting February 20, a court employee told PNA.

The charges against the cooperative, which was filed by the Sarangani Provincial Prosecutor’s Office, was based on complaints from members who were allegedly victimized by its defunct investment scheme.

Ordered arrested were Alamcco founder and chairman Pastor Jerson Cagang, and board of directors and officials identified as Conrado Mancao, Tirso Cereno, Juanito Jhon Castillo, Benigno Cereno, Albert Cagang, Fe Cagang, Ailene Mancao, Roshine Cereno, Jason Baybay, Liezel Vilan, Ivy Caparos, Calixto Bana-ay, Marlyn Tulio, Diana Ferry Sope, Anni Joy Dela Cruz, Marlon Marvin Lim, and Eustaquio Hocson.

Alamcco had been flagged by the Securities and Exchange Commission and the Cooperative Development Authority for illegally soliciting investments from the public at a monthly interest of 35 percent.

Acting on a directive from President Rodrigo Duterte, agents from the National Bureau of Investigation (NBI) raided Alamcco’s offices in June last year in Alabel, Sarangani, Koronadal City and in this city.

In September last year, the NBI filed complaints of syndicated estafa and violation of the Securities Regulation Code before the Department of Justice’s special task force in Manila against 39 officials and individuals connected with Alamcco for engaging in unauthorized and Ponzi-like investment operations.

Col. Lex Ephraim Gurat, Sarangani police director, said they have started monitoring the whereabouts of the respondents but clarified that they have yet to receive the official copy of the warrant of arrest from the court.

“We’re ready to implement it. We are mandated to comply with the order of the court,” Gurat said in a text message. (PNA)

SEVEN TAGUM CITY MURDERS LINKED TO INVESTMENT SCAM

Local authorities in Tagum City, Davao del Norte condemned the series of murders in the city in the past month, all of which were attributed to the various investment scams that thrived in the area.

Brig. Gen. Marcelo Morales, director of Police Regional Office 11 (PRO-11), said in an interview on Friday the killings are linked to the investment schemes that began in Tagum City in the summer this year.

police line

In August alone, at least seven killings in various parts of Tagum were reported, prompting Morales to direct newly installed police chief, Lt. Col. Ariel Acala, to implement tight security measures and manhunt against the suspects.

About three dozens of outfits ran the scam that defrauded investors in the get-rich-scheme that promised as high as 400% in returns on investments.

Almost all of the companies were closed in June following President Rodrigo Duterte’s crackdown on dubious schemes.

“They have to be aggressive in all police operations and intensify anti-criminality programs implemented by PRO-11,” Morales said amid the spate of killings.

“I condemned these incidents. I myself wanted to protest against these investment scheme operators and give the money back to the investors,” he added.

On the other hand, Tagum City Mayor Allan Rellon issued a statement on Thursday afternoon following the killing of Judylou Palas, reportedly a daughter of an investment firm agent.

Police said the death of Palas could be related to her mother’s job as a former agent of PLC investment firm, which offered high returns to investors before it went out of business in June.

“The act of violence that targeted the hapless individuals in Tagum City is barbaric, yet smacked of cowardice in view of the perpetrators’ perceived cloak of anonymity,” Rellon said.

Rellon ordered the Tagum City police to ensure that the perpetrators are caught and held liable for the crime.

“We enjoin the public to be vigilant especially during these trying times and to coordinate with the authorities in cases when information about crimes being committed or are about to be committed fall within their reach,” the mayor added. (with PNA report)

MULTI-MILLION PESO TAX EVASION RAPS SET VS. KAPA FOUNDER APOLINARIO

Wife slapped with P168-M tax evasion raps

The Bureau of Internal Revenue (BIR) is also set to slap tax evasion charges against Joel Apolinario, founder of Kapa Community Ministry International Inc., (Kapa), an investment scam that has victimized thousands of victims of billions of pesos.

duterte-kapa APOLINARIO
The volume of the tax evasion would be much larger than that which involved his wife, said sources in the tax body now hounding the company that has been ordered closed by President Rodrigo Duterte.
On Thursday, the BIR filed tax evasion charges before the Department of Justice (DOJ) against Reyna L. Apolinario, the corporate secretary of Kapa Community Ministry International Inc., (Kapa) and wife of Apolinario.
The charges initiated by the Revenue District Office No. 110 are for violation of provisions of the Tax Code for willful attempt to evade or defeat tax and failure to file return, supply correct and accurate information, pay tax, withhold and remit tax and refund excess taxes withheld on compensation for taxable years 2017-2018.
In a press briefing, BIR Deputy Commissioner Marissa O. Cabreros said separate investigations are being undertaken on Kapa itself and its other officials.
Mrs. Apolinario is being sued for an estimated total income tax liability of PHP168.2 million, inclusive of surcharges and interests, broken down into PHP163.9 million for 2017 and PHP4.3 million for 2018.
Revenue officials said Mrs. Apolinario has not filed her income tax returns (ITRs) for taxable years 2012-2015 but filed an ITR for taxable year 2016 declaring an income of only PHP206,578. She also declared income for taxable year 2017 and 2018 of PHP171,000 and PHP12.06 million, respectively.
The BIR noted that in 2018, the declared beginning capital of Mrs. Apolinario in her audited financial statements reached PHP306.9 million.
Nine vehicles were likewise registered under Mrs. Apolinario’s name in 2017 and 2018  which were not declared in her financial statements submitted to the BIR along with 13 businesses under her name consisting of retail-construction, materials/garments, gasoline stations, and convention stores, computer and printing services, quarry, bakeshop and refreshment, and media.
Aside from Apolinario, the BIR also announced the filing of tax charges against nine other firms, namely Phimco Industries Inc., Provident Tree Farms Inc., Elite Garments International Inc., Jayran International Sales Corp., Bestline Mart, Top Belagio Super Sales Corp., Axispointe Builders & Construction Company, MMC Food Industries Inc., and Asia Auto Interior Inc. (with PNA report)

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THE KAPA INVESTMENT SCAM

INVESTMENT SCAMMER KAPA OF PASTOR APOLINARIO TAGGED IN MURDER OF BRIGADA NEWS BROADCASTER

MALACANANG: Journalist Ed Dizon murder closed

ASSASSINS BEHIND KIDAPAWAN BRIGADA BROADCASTER KNOWN

Isa sa mga lider ng KAPA, itinurong mastermind

KAPA JOEL APOLINARIO

Read more: https://www.radyopilipinas.ph/rp-one/articles/politics/www.radyopilipinas.ph#ixzz5xRyU9s5C