DOJ warns Kapa execs to attend next hearing

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The head of the panel of prosecutors handling the probe on the charges filed against officers of Kapa-Community International Ministry, Inc. disclosed on Friday that should leaders of the group still fail to attend the next hearing, the case shall be deemed submitted for resolution.

Assistant State Prosecutor Zenamar Machacon-Caparros issued the statement after none of the Kapa officers, including their lawyers, attended the Justice Department’s preliminary investigation.

Apart from Kapa founder and president Joel Apolinario, named respondents were Reyna Apolinario, Margie Danao, Catherine Evangelista, Rene Catubigan, Marisol Diaz, Adelfa Fernandico, and Moises Mopia.

The next hearing was set this July 15.

The Securities and Exchange Commission said the respondents violated Section 26 of Securities Regulation Code prohibiting the so-called Ponzi scheme, an investment program that offers high returns and pays investors using the money contributed by other investors.

According to SEC, the respondents enticed the public to donate at least P10,000 in exchange for a 30 percent monthly “blessing” or “love gift”.

The commission added Kapa “amassed wealth through an investment scam in the guise of religion and at the expense of the investing public.”

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