The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on KAPA-COMMUNITY MINISTRY INTERNATIONAL, INC., warning the public of the individuals and groups involved in such activities. The advisory defines the activities behind the scheme, and advises the public not to invest or stop investing in any investment scheme offered by the said company. Furthermore, SEC ordered the company and its officers or representatives to cease and desist from further engaging in activities of selling or offering sales of securities and investment contracts until the required registration is duly filled and approved by the Commission.
In support of this view, Coins.ph does not endorse or is affiliated in any way with such activities or products. Moreover, we have a zero tolerance policy on fraudulent activities and potentially scamming practices. In a separate article, we have enumerated tips on how you can avoid investment schemes and other online scams. We urge our customers to be extra diligent with their funds and to act within our User Agreement.
The Commission has received information that an entity named KAPA
COMMUNITY MINISTRY INTERNATIONAL, INC., is operating in Mindanao
particularly in Pangyan Glan and Alabel, Sarangani Province, Bislig City, Surigao
del Sur, General Santos City, South Cotabato offering insurance to the public to
invest in their company with a promise that the people can get a 30% interest
income at the end of the month.
The public is hereby informed that KAPA COMMUNITY MINISTRY
INTERNATIONAL, INC., is registered with the Commission as a non-stock
corporation under SEC Registration No. CN 201707724 on 03 March 2017 with
office address located at Garay Arcade, Barreda Street, Caramcam District, Bislig
City, Surigao del Sur 8311. The following are the directors and officers of said
corporation, namely: (1) Ptr. Joel A. Apolinario; (2) Nonita S. Urbano; (3) Junnie G.
Apolinario; (4) Nelia V. Nino; (5) Maria Pella B. Sevilla; (6) Jouelyn A. del Castillo;
(7) Cristobal R. Barabad; and (8) Joji A. Jusay. Based on the records of the
Commission, it is not authorized to solicit investment which require a secondary
license as provided under Sec. 8.1 of the Securities Regulation Code (SRC).
That a certain GROUP being represented by a certain Pastor Jun Apolinario
and/or Joel Apolinario is enticing the public to invest with a promise of 30%
interest every month until forever in the guise and/or scheme of a “Deed of
Donation” or “Certificate of Membership” enticing the public to invest with
promise of 30% interest every month until forever.
Section 28 of the Securities Regulation Code (SRC) prohibits any person
from engaging in the buying or selling of securities in the Philippines as a broker,
dealer, salesman, or associated person of a broker or dealer unless registered as
such with the Commission.
Accordingly, those who invite or recruit other people to join or invest in
this venture or offer investment contracts or securities to the public may be held
criminally liable or accordingly sanctioned or penalized, in accordance with the
Supreme Court decision in the case of SEC vs. Oudine Santos (G. R. No. 195542,
March 19, 2014).
In view thereof, the public is advised to STOP INVESTING in this kind of
investment activity and to take the necessary precautions in dealing with the
above-named entity and/or its representatives.
If you have invested money or have been invited to invest in KAPA
COMMUNITY MINISTRY INTERNATIONAL, INC., please report this matter to the
Commission’s Head Office or Extension Offices in order that appropriate action
can be taken against the entity and/or individuals. You may also seek the
assistance of our SEC Regional and/or Provincial offices located at the following
- SEC – Davao Extension Office of the Securities and Exchange
Commission with office address at SDC Building, Purok 13, Maa Road,
Maa, Davao City or you may call telephone number (082) 298-2170
and (082) 298-1893 and look for Atty. Katrina Jamilla Ponco-Estares,
Officer-in-Charge or email them at firstname.lastname@example.org.
- SEC – Cagayan de Oro Extension Office with office address at SEC
Building, corner 14th and Tomasaco Del Lara Street, Cagayan de Oro
City or you may call telephone numbers (088) 857-4325 and (088)
857-7225 and look for Atty. Renato V. Egypto, Director or you may
email them at email@example.com.
For further reference, on 08 March 2017, the Commission issued an
ADVISORY on KAPPA (KABUS PADATOON) founded by a certain MR. JOEL
APOLINARIO collecting investments with a promise that 30% of one’s investment
will be paid back every month until forever. The public was advised to STOP
INVESTING in these kinds of investment activities and to take the necessary
precaution in dealing with the said entity and/or its representatives which can be
viewed at the Commission’s website at www.sec.gov.ph.