After allegedly getting into trouble with Bislig officials who questioned his investment scheme, Apolinario moved his operation to Region 12, or Soccsksargen, in 2017. ADVERTISEMENTEliazar Recopelacion, a Kapa member from Alabel town, remembered Apolinario as an “approachable person.”“We could talk to him directly. The Securities and Exchange Commission (SEC) said Kapa was running a Ponzi scheme in which existing investors are paid with funds from new investors. Before leaving 30 minutes later, Apolinario then led the crowd into chanting, “Mabuhay ang atong presidente! According to the SEC, Apolinario set up at least 10 businesses since last year registered in the name of his wife.

Source: Philippine Daily Inquirer June 14, 2019 21:10 UTC