Sec registration of ang dating daan sex dating in carthage mississippi

Why has the government been hounding Kapa-Community Ministry International Inc. The Securities and Exchange Commission (SEC) has stripped Kapa of its corporate title and declared illegal its money-making activities, calling them fraudulent. Police and NBI have raided its offices in Mindanao, Cebu and elsewhere.Criminal charges have been readied or filed against Kapa founder and chief executive officer, pastor Joel Apolinario, his wife and Kapa officers and managers.Critics of Kapa suspect that it cannot compete with the likes of Apollo Quiboloy’s Kingdom of Jesus Christ or Brother Mike Velarde’s El Shaddai or Eli Soriano’s Ang Dating Daan, and the like.Thus, the dangling of a hefty ROI on members’ donated cash.Kapa is short for “Kabus Padatoon” or making the poor rich.Here’s the thing: Kapa, the SEC charges, used religion to conceal its investment activities.

The crackdown on Kapa is not for its religious activities but for its allegedly illegal business on investments.Kapa has been using religion to justify its business activity--and sloppily disguising it by labels: donations, not investments; gifts or blessings, not interest on deposited money. With its meager assets, in cash and business profits, Kapa has convinced SEC that no way could the group ever meet its pay-out obligations.‘Cannot compete’Kapa may choose to go the way of other religions, religious groups, and evangelists: collect donations and call them donations.No promise of return except, probably, reward of joy in heaven or reduced suffering in hell. There are several ways, from outright dole-outs to soup kitchens and livelihood projects.It is again being heard in the court of law, as filed by a former Secretary of Justice.Soriano; their church name; Their Trinity is a different Trinity; Christ is not a personal saviour; ADD salvation resembles the Mormon Gospel; Their baptism is like that of Roman Catholics; Their salvation is like the INC; They are part of the Jerusalem church.

Leave a Reply