End of the line
January 13, 2020 - Monday 4:01 AM by MDM
On Thursday last week, the Department of Justice punched another nail to the coffin of the self-styled Kapa-Community Ministry International (Kapa) with the filing of criminal charges against the group and its officers at the Bislig City Regional Court.
In separate information filed before the court, the DOJ accused Kapa of “willfully, unlawfully and criminally” engaging in the selling or offering for sale or distribution of securities to the general public without a registration statement duly filed with and approved by the SEC.
The DOJ charged Kapa Founder and President Joel A. Apolinario, Trustee Margie A. Danao and Corporate Secretary Reyna L. Apolinario of violating Sections 8(8.1), 26.1 and 28 of Republic Act No. 8799, or the Securities Regulation Code. The DOJ also indicted Marisol S. Diaz, Adelfa Fernandico, Moises Mopia and Reniones D. Catubigan for violation of Section 26.1 of the SRC for promoting the investment scam.
The DOJ further charged Diaz before the Rizal Regional Trial Court for violation of Section 28. Separate charges were also filed against Mopia and Fernandico with the Quezon City Regional Trial Court Branch 93.
It is expected that once probable cause is established, the warrants of arrest will be issued to enable the arrest of the indicted officers and promoters of Kapa.
By now, the indicted officers and promoters of Kapa should realize the futility of being fugitives from the law. It may take some time but the long arm is bound to clamp down on them.
One option that presents itself is for them to give up peacefully to authorities or face the embarrassment of being flushed out forcefully from their places of refuge.
Their eventual conviction should also serve as a warning that the government will not tolerate any illegal activity that tends to fleece the people of their hard-earned money.
It is not only too good to be true. It goes against the grain and in most cases, they tend to leave people holding on to false hopes and empty bags.
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