‘File case to get your money back'

Lo­cal SEC head: We’re not the in­surer of your bad in­vest­ments

Sun.Star Cagayan de Oro - - Front Page - By PJ Orias

AN of­fi­cial of the Na­tional Bureau of In­ves­ti­ga­tion (NBI) in North­ern Mindanao said there might just be a way for "in­vestors" to get the money they poured

into the Kapa Com­mu­nity Min­istry In­ter­na­tional.

NBI re­gional direc­tor, lawyer Pa­tri­cio Ber­nales said to get the money back, "in­vestors" will have to file a case against Kapa.

"Naay way makuha ang kwarta pero mag­sum­bong sila, isum­bong nila ang tag-iya ani labina ug nag-in­vest sila ug wala sila nakadawat, wala na­tu­man ang pasalig sa ila, pwede sila manum­bong, mao na among hu­la­ton, lain na sab na sya nga

in­ves­ti­ga­tion,” Ber­nales said.

The money how­ever will not be re­turned im­me­di­ately, as it will form part of the ev­i­dences against Kapa.

Lawyer Re­nato Egypto, Se­cu­ri­ties and Ex­change Com­mis­sion (SEC) re­gional direc­tor in North­ern Mindanao, mean­while re­minds the pub­lic that while the govern­ment is ready to help the vic­tims, he said “we are not how­ever the in­surer or guar­an­tor of your bad in­vest­ments”.

Egypto said the pub­lic should be cau­tious be­fore in­vest­ing into a firm with sus­pi­cious of­fers.

He ex­plained that al­though Kapa is reg­is­tered as a cor­po­ra­tion, it has no sec­ondary li­cense to is­sue un­reg­is­tered se­cu­ri­ties in the guise of do­na­tion.

“Get­ting a sec­ondary is easy, and if they are in­deed le­gal, dili sila ma­had­lok mopaila­wom sa balaod,” he said.

Egypto said there are many en­ti­ties with the same na­ture as Kapa--that is, ac­cept­ing do­na­tions, but they are not promis­ing the pub­lic to ac­cept a big­ger amount in re­turn.

“If we talk about do­na­tion, you do not ex­pect some­thing in the fu­ture be­cause it is an act of lib­er­al­ity,” he added.

Egypto made spe­cial men­tion of the Ponzi scheme, which thrives on the peo­ple’s trust and con­fi­dence that they will be gain­ing.

“In­gon sila mu­tuo sila kay makadawat man lagi sila, but that is the point of Ponzi scheme. While naa pay tao nga musu­lod nga mo­hatag ang kwarta, naa gyuy madawat es­pe­cially kad­tong nakauna,” he said.

“Ayaw hi­moa ug base­han inta­won nga mu­tuo mo kay nakadawat si kuan, in­y­ong amigo, ug uban pa, naa nay naka­palit ug sakyanan kay ang atong gi­tan-aw ang sus­tain­abil­ity, dili ni siya maka sus­tinir nga klase sa scheme, dili mu­lung­tad sa hang­tod hang­tod. If it’s too good to be true, it’s fraud,” he added.

NBI agents on Mon­day served a search war­rant against the Kapa satel­lite of­fice in barangay Ig­pit, Opol, Misamis Ori­en­tal, seiz­ing mem­ber­ship forms, money, and other Kapa-re­lated items.

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