Date Posted: 4 October 2018
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 PastorJun 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 of30% 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 addresses, namely:(1)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.(2)SEC –Cagayan de Oro Extension Office with office address at SEC Building, corner 14thand 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 INVESTINGin thesekindsof investment activitiesand to take the necessary precaution in dealing with the said entity and/orits representatives which can be viewed at the Commission’s website at www.sec.gov.ph.27 September 2018JPDP/mccEIPID Ref No. 2018-0125-A