KAPA masterminds sentenced to life in prison
MASTERMINDS of Kapa Community Ministry International, Inc. (KAPA), touted as the largest investment scam in Philippine history, have been sentenced to suffer the penalty of life imprisonment for syndicated estafa, following a case build-up by the Securities and Exchange Commission (SEC) over its illegal investment-taking activities.
In a decision promulgated on December 12, Branch 33 of the Regional Trial Court (RTC) of Butuan City found Kapa leaders Joel Apolinario, Cristobal R. Baradad, and Joji A. Jusay guilty beyond reasonable doubt of eight counts of syndicated estafa, as defined and penalized under Article 315 (2)(a) of the Revised Penal Code, in relation to Presidential Decree No. 1689.
Apolinario, also referred to as Pastor Joel, was the founder and president of KAPA, wh...