DAVAO CITY, Philippines – President Duterte has ordered the Philippine National Police and the National Bureau of Investigation to shut down investment scams like Kapa-Community Ministry International, operating mainly in Southern Mindanao.by his friend Pastor Apollo Quiboloy early Saturday morning, June 8, Duterte said the activities of these companies were clearly a form of"syndicated estafa.
Some schemes, such as the Tagum City-based Rigen Marketing, Jogle, and Ever Arm, even promise a return of up to 500%.“To the CIDG, the police, the special investigating teams including NBI, that is pyramiding. That is why you shut them down and haul them upon my orders,” Duterte said.“Imagine, your P100,000 earns P30,000 a month? Even our Bangko Sentral can only give 3%, and that's annually.
The Securities Exchange Commission had repeatedly issued cease and desist orders against Kapa and other investment schemes but they continued to defy the orders.
HAHAHAHAHAHAHAHAHA
Isnt Quiboloy Too Good to be True, TOO? 🙄🙄🙄
Does that mean Chinese loans are being shut down?
Yung si ApolloQuiboloy is an even worst investment ministry.