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Kapa execs get life in prison for duping millions in Ponzi scheme (newsinfo.inquirer.net)

submitted 8 months ago by [email protected] to c/[email protected]

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The 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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