Too good to be true: Why the government is shutting KAPA downMANILA, Philippines — President Rodrigo Duterte last week said he wants KAPA-Community Ministry International, Inc. shut down amid allegations that the non-stock corporation is operating a fraudulent investment scheme. KAPA stands for Kabus Padatoon, which is Bisaya for "make the poor rich," but authorities warn it will actually not do that. KAPA continued its operations despite being issued a cease and desist order by the SEC on February 14. KAPA says open to probeWith its assets frozen, KAPA will no longer be able to give investors the returns they were promised. Philippine National Police Chief General Oscar Albayalde reportedly said they are already building up the case against KAPA.

Source: Philippine Star June 11, 2019 11:07 UTC