Tag Archives: INVESTMENT SCAM

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