Rappler's latest stories on investment scam
Court orders arrest of Kapa Ministry officers
Kapa officers are accused of running a Ponzi scheme, which involves offering impossibly high returns and paying investors using the money contributed by later investors
Kapa Ministry officers face criminal charges
For allegedly engaging in a Ponzi scheme, officers of Kapa-Community Ministry International face several cases in courts in Bislig City, Surigao del Sur; Quezon City; and Rizal
Malaysia arrests almost 700 Chinese over cyber scam
With a fairly open visa regime and relatively developed telecommunications infrastructure, Malaysia becomes a hotspot for foreigners looking to set up centers to run online scams
Duterte makes 2nd week of November 'Investor Protection Week'
Proclamation No. 846 tasks the Securities and Exchange Commission to lead the observation and celebration of the 'investor protection week' every year
Kapa-like investment group in Mindanao faces syndicated estafa complaint
The National Bureau of Investigation files a syndicated estafa complaint – a non-bailable offense – against 39 individuals associated with the ALAMCCO credit cooperative
NBI files syndicated estafa complaint against Kapa Ministry
(UPDATED) Syndicated estafa, a non-bailable offense, is filed against Kapa, which allegedly swindled people through donations and purported investments
[ANALYSIS] Kapa Ministry: A symptom of poor financial inclusion
Beefing up financial inclusion in the Philippines could be an effective way to stifle the viral spread of Ponzi schemes like Kapa, especially in the provinces
Lapid wants investment scams covered under economic sabotage
Senator Lito Lapid files a bill to expand the coverage of economic sabotage to include investment scams
DILG orders mayors to revoke Kapa's business permits
'Marami na ang naloko at marami pa sa ating mga kababayan ang maloloko sa investment scam na ito kung hindi ito aaksiyunan ng mga mayor,' says Interior Secretary Eduardo Año
SEC secures over P100 million of Kapa Ministry's assets
'Kapa amassed wealth through an investment scam, in the guise of religion and at the expense of the investing public,' says Securities and Exchange Commission Chairperson Emilio Aquino
Members say Kapa founder Apolinario is 'modern day Moses'
For a member, Kapa founder Pastor Joel Apolinario is the Moses who leads them and they are the Israelites persecuted by government for their love donations that return a 30% profit
Kapa-Community Ministry can file impeachment complaint vs Duterte – Trillanes
'Para sa mga lider at miyembro ng Kapa, magfile ng kasong impeachment laban kay Duterte for culpable violation of the Constitution dahil sa pagbalewala nito sa kanilang religious freedom,' says Senator Antonio Trillanes IV
FALSE: Militant groups to 'protest' shut down of Kapa-Community Ministry
It's not true that Bayan and Gabriela released a statement about Kapa or the alleged protests against its shutdown
Usurious investment schemes are haram, says sharia lawyer
Salih Musa, a former head of a sharia court in Central Mindanao, says it is forbidden for Muslims to participate in schemes that give outrageous returns as it is already a form of usury
Cebu Archbishop Palma warns public vs investment scams
'Some people have ways to use schemes that fool other people,' Cebu Archbishop Palma says in a statement
SEC intensifies crackdown vs investment scams
The Securities and Exchange Commission taps law enforcement agencies to carry out 24 raids in two days against companies involved in investment scams
EXPLAINER: How Kapa Ministry took advantage of investors
Kapa Ministry merges religion and social media to orchestrate one of the biggest investment scams in Philippine history
Kapa-Community Ministry Cebu office raided
The raid comes 3 days after a fire destroyed the office in Compostela town in northern Cebu
Court freezes Kapa-Community Ministry's assets over Ponzi scheme
The Securities and Exchange Commission calls Kapa-Community Ministry's scheme the largest investment scam in recent Philippine history
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
Central Visayas’ top cop warns police vs joining investment scams
The police have been monitoring the Cebu operations of Kapa-Community Ministry International, an alleged investment scam
8 foreigners, 24 Filipinos nabbed in Pasig over online investment scam
The top suspect, a certain Owen Lloyd Sterling, remains at large, according to the Philippine National Police
Woman nabbed for alleged P130-M investment scam
Margarita Huang and her family are accused of duping hundreds of investors in 2016
Bitcoin scam 'mastermind': Release me so I can return investors' money
[EXCLUSIVE] Rappler obtains a letter to investors by Arnel Ordonio, the alleged mastermind of the P900-million Bitcoin scam
Xian Gaza surrenders to police, asks for bail help
The alleged scammer apparently pokes fun at his surrender, flashing a wide smile and a peace sign inside the police station
Filipino couple amasses at least P900M in alleged Bitcoin scam
(UPDATED) According to Criminal Investigation and Detection Group chief Director Roel Obusan, the scam is structured like a pyramid scheme but with electronic money
SEC warns public against investing in Pluggle
(UPDATED) While Pluggle is registered with the Securities and Exchange Commission, it is not authorized to solicit investments
Court grants bail to Aman Futures scam alleged mastermind
The Court of Appeals says the prosecution failed to prove that former Pagadian City mayor Samuel Co performed any overt act in furtherance of the alleged conspiracy
Ex-PSE employee faces estafa charges over 'biggest stock scam'
Jose Cecilio Jay Peñaflor and 4 others are believed to be behind the biggest scam in the history of the Philippine Stock Exchange
SEC files raps vs 'agent' for using Facebook in shady deals
The commission says that Mary Grace Miranda Lapid is not registered and claimed to be an agent of firms facing cases
RCBC money-laundering scam mirrors sins of the past
[EXCLUSIVE] Documents obtained by Rappler show executives of RCBC Securities knew of irregular transactions by a rogue trader early on but failed to take action
Victims of investment scam fight back
Victims of an investment scam file a case against HPI Direct Sales and Trading Corporation
SEC warns public against dealing with ex-PSE employee
The unnamed individual whose firm is not registered is allegedly pooling funds from the public to be invested in PSE stocks promising quick returns as high as 50
Slam the scam: How to spot investment fraud
Does the offer promise “guaranteed wealth?” Avoid these red flags and protect your hard earned money
Pyramid scam queen Rose Baladjay, husband sentenced to 7 years
The Makati Regional Trial Court has ordered Multitel s Rose and Saturnino Baladjay to pay their victims P8 million
PSE to public: Be vigilant against investment scams
The public should never believe in solicitations for stock market investments that guarantee returns on investment the local bourse warns
The 4 'deadliest' combinations to lose money
It s the season of bonuses Are you going to spend all of it right away?
SEC to DOJ: Issue lookout bulletin order vs EmGoldex scammers
Considering the gravity of the offense and the imposable penalty provided under Section 73 of the Securities Regulation Code there is a real danger that the respondents may flee the country to avoid criminal liability the SEC says
Alleged investment scam leader nabbed in Bacolod
NBI says Juan Pinoy Marketing Ventures while registered with SEC is not authorized to engage in solicitation and investment taking activity
Global Intergold to SEC: Group misusing our name
Global Intergold has become aware of certain activities in the Philippines by an unauthorized group that has promoted business similar to or purporting to be Global Intergold its president Jens Krebs says
SEC issues cease and desist order vs EmGoldex
As more people are recruited into the scheme it eventually reaches a point wherein it can no longer sustain its payouts and payments will stop thereby leaving investors penniless warns the SEC s Enforcement and Investor Protection Department
SEC warns anew vs investment scams
The commission cautions the public against SUCCESS200 and FLAG Prosperity for their unauthorized investment taking activities
SEC flags 4 firms on unauthorized investment offers
The SEC warns the public against 2 firms luring investors with hefty returns and 2 foundations promising up to a P1 billion award in the form of Central Bank of the Philippines checkbooks
BSP warns the public versus text scams
Apart from the central bank the Philippine Stock Exchange also warns the investing public against ‘too good to be true’ investment schemes
One Lightning Corporation submits to SEC probe
Pyramiding company? The firm maintains that it is a legitimate corporation and awaits steps prescribed by the Securities and Exchange Commission
Have you been hit by ‘One Lightning?'
The Securities and Exchange Commission says One Lightning Corporation has no license to sell products or accept investments beyond its registered business
Not all that glitters is gold
The lure of a quick return on investment momentarily blinds many until they realize they are trapped in a scam
How to spot investment scams
Want to ensure sound investments for you and your family? Here are a few tips to prevent you from being duped by fraudulent investment scams
