Hawak ni misis! Joel Apolinario stashed KAPA’s assets in 10 businesses owned by wife -SEC | Bilyonaryo Business News
Business Headlines

Hawak ni misis! Joel Apolinario stashed KAPA’s assets in 10 businesses owned by wife -SEC

Behind every man is a woman.

Behind every man is a woman.

For KAPA founder Pastor Joel Apolinario, that woman is Reyna Lobitana Apolinario who controls the fast-growing businesss empire of the former fisherman-construction worker from a remote town in Surigao del Sur.

Smooth operator: KAPA founder Joel Apolinario no stranger to estafa

The Securities and Exchange Commission presented at least 10 businesses funded by Apolinario’s KAPA donations-blessings investment scheme – which President Rodrigo Duterte called a Ponzi scam – that were all registered under the name of his wife Reyna.

Our 10M members are all happy with 30% return! Kapa leader claims only oligarchs, banks, PCCI are complaining

The businesses which ranged from food to real estate to mining were put up between January 2018 and Aril 2019 just when Apolinario’s promise of a 30 percent guaranteed monthly return was picked up by horde of Filipinos who wanted to get rich quick:

Kapa makes P100M payouts a day: NBI to file charges of large scale estafa vs Pastor Joel Apolinario

1) JoRey Fuel Trading – 5 April 2019

2) JoRey Printing Services – 20 March 2019

3) JoRey Garments Trading – 8 March 2019

4) JoRey Fishing Boat – 11 January 2019

5) Reyna’s Convention Center – 9 January , 2019

6) JoRey Agri Banana Plantation – 14 Nov. 2018

7) JoRey Multi-Media Production – 26 Oct. 2018

8) JoRey Gasoline Station & Convenience Store – 23 Aug. 2018

9) KAPA Minmetals Trading – 28 June 2018

10) JoRey Love Bakeshop & Restaurant – 25 Jan. 2018

Aside from these businesses, Aplolinario allegedlyh owned a hospital and school in Tagum, Davao del Norte.

KAPA one of the biggest investment scams to date – Emil Aquino

“How come everything is lodged with the wife? For us, this is fraud,” SEC Chairman Emilio Aquino asked.

Multiply like bread? KAPA can’t give P180B profits on P50B ‘donations’ from at least 5M members – SEC

Aquino revealed that KAPA’s latest financial statement in 2017 showed that it has only P 465,000 in declared total assets compared to the P50 billion investments the SEC believed it generated from 5 million gullible investors.

CA freezes Kapa funds, SEC to file more charges vs Pastor Joel Apolinario, allies

0 0 votes
Article Rating
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x