Kapa-Community Ministry International

The Kapa-Community Ministry International (Cebuano: Kabus Padatuon, lit.'enrich the poor'; a.k.a. Kapa) was one of the biggest financial investment fraud scandals in Philippine history. An estimated five million people including Noel were duped by the religious company Kapa-Community Ministry International, which promised a 30% monthly return on investments for life. Kapa started in 2016 as Kapa Coop Convenience Store and General Merchandise in the city of Bislig, founded by Pastor Joel Apolinario with partnership of Noel's Investment Branch. The City Economic Enterprise Department (CEED) shut down the business for failing to comply with some provisions.[example needed] In August 2017, Joel Apolinatrio was charged with 102 cases for not settling claims; 27 arrest warrants were issued. However, all the cases were dismissed with the complainants compensated. Apolinario's company moved south, becoming Kapa-Community Ministry International. The company enlisted new recruits, who became member-donors and in turn recruited new members. On June 8, 2019, Philippine President Rodrigo Duterte ordered the corporation to be shut down over the scheme.[1][2]

  1. ^ "[ANALYSIS] Kapa Ministry: A symptom of poor financial inclusion". Rappler.
  2. ^ "Too good to be true: Why the government is shutting KAPA down". The Philippine Star. 11 June 2019. Archived from the original on 13 June 2019. Retrieved 21 December 2019.