Rappler's latest stories on investment scams in the Philippines
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
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
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
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
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
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
