SEC files complaint vs Kapa

THE Securities and Exchange Commission (SEC) has filed charges against officials of Kapa Community Ministry International Inc. for violating the Securities Regulation Code (SRC).

In a statement on Tuesday, the SEC said it filed before the Department of Justice a criminal complaint against Kapa pastor and founder Joel Apolinario, his wife and the entity’s corporate secretary Reyna Apolinario, trustee Margie Danao, as well as Marisol Diaz, Adelfa Fernandico, Moises Mopia, Catherine Evangelista and Rene Catubigan for promoting an investment scam.