Duterte wants Kapa, other investment scams probed, shut down

shut down Surigao del Sur-based religious corporation Kapa-Community Ministry International Inc. and other groups for alleged involvement in investment scams.

“Kayong mga CIDG, kayong pulis – the special investigating teams there… pati NBI ) that is pyramiding,” Duterte said in an interview over Pastor Apollo Quiboloy’s program “Give Us This Day.”Kapa, a Surigao del Sur-based religious corporation, was allegedly soliciting investments from the public by encouraging them to “donate” any amount in exchange for a 30 percent monthly return.READ:

The SEC also advised the public to avoid Davao-based Rigen Marketing, which is also allegedly soliciting investments with promises of high returns in a short time.“Biro mo yung P100,000 will earn P30,000 a month?! Yung Bangko Sentral nga, di mabigay tres lang na porsyento,” the President added. “Annually ha?!”

“Walang tao dito, walang bangko yung maski Bank of America can afford to pay you P30,000 every month for your P100,000,” Duterte added.

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Duterte wants Kapa, other investment scams probed, shut downKapa, a Surigao del Sur-based religious corporation, was allegedly soliciting investments from the public by encouraging them to “donate” any amount in exchange for a 30 percent monthly return. | khallareINQ khallareINQ That’s a Ponzi scheme. Nothing gives a 30% return. khallareINQ Anong business model ang kayang magbigay nang 30 percent returns per month if you contribute x amount? It's a scam!!! khallareINQ A balanced investment portfolio average return is 7% over the long term. If anyone promises a return higher than that, it is most likely too good to be true.
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Duterte orders shutdown of Kapa-Community Ministry, other investment scams'When it is [too] good to be true, that is fraud,' President Rodrigo Duterte says of the get-rich-quick schemes offered by Kapa-Community Ministry International and others Yung si ApolloQuiboloy is an even worst investment ministry. Does that mean Chinese loans are being shut down? Isnt Quiboloy Too Good to be True, TOO? 🙄🙄🙄
Source: rapplerdotcom - 🏆 4. / 86 Read more »