Philippines
wabafee
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10mo ago
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100%
Kapa execs get life in prison for duping millions in Ponzi scheme
https://newsinfo.inquirer.net/1878217/kapa-execs-get-life-in-prison-for-duping-millions-in-ponzi-schemeThe leaders of a religious-themed investment scam that promised its victims a lifetime of profits will spend a lifetime behind bars instead.
A Dec. 12 decision by the regional trial court in Butuan City showed that the masterminds of a scam perpetrated by Kapa Community Ministry International Inc., whose members ran in the millions at its 2019 peak, were found “guilty beyond reasonable doubt of eight counts of syndicated ‘estafa.’”
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