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× SEC secures P100M in Kapa assets

MANILA, Philippines --- The Securities and Exchange Commission (SEC) said it had "secured" over P100 million in assets from the Kapa Community Ministry International Inc., whose founder and pastor Joel Apolinario was accused of engineering a massive Ponzi scheme.


In a statement on Saturday, the SEC said the seizure followed an asset freeze order issued by the Court of Appeals on June 4.