KAPAS SCHEME IS AN ULTRA VIRES ACT Ms Jamaica P Saquilabon KAPAS INVESTMENT

Kapas scheme is an ultra vires act ms jamaica p

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KAPA’S SCHEME IS AN ULTRA VIRES ACT
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Ms. Jamaica P. Saquilabon
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KAPA’S INVESTMENT SCHEME
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KAPA INVESTMEN T SCHEM E 1. INVESTMENT OF MONEY In KAPA’s scheme, the money invested is the “DONATION” worth at least Php. 10, 000 2. IN A COMMON ENTERPRISE The common enterprise is KAPA COMMUNITY MINISTRY INTERNATIONAL, previously registered as a religious corporation. 4. PRIMARILY FROM EFFORTS OF OTHERS The member-donor NEED NOT DO ANYTHING other than invest and wait for the day of the monthly payout. 3. EXPECTATION OF PROFIT The member-donor expects A “ BLESSING” Equivalent to 30% of the amount “donated” every month for life
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In KAPA, members are enticed to make “donations” with a promise of “blessings” equivalent to 30% of their donations to be paid out every month and for life. Yet, KAPA does not have any concrete and stable business or source of income. The investment scheme is doomed to fail. KAPA cannot possibly sustain paying out a 30% monthly interest without recruiting new members and soliciting more money from the public. To illustrate, KAPA would need at least P15 billion monthly to pay 5 million members who have invested at least P10,000 each, as shown below. Without new members or additional investments coming in, the pooled funds would have diminished by the third month.
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No. of Members 5,000,000 Minimum Investments Php. 10,000.00 Pooled Funds Php. 50,000,000,000.00 Monthly Returns 30% Contract Term ----- Monthly Payout Php. 15,000,000,000.00
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Ms. Pauline Angela M. Roma, MAec
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THE EFFECTS OF INVESTMENT SCHEMES IN THE PHILIPPINE ECONOMY
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PRODUCTIVITY refers to the amount of products
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  • Fall '15
  • precy wata
  • Collective investment scheme, Ponzi scheme, KAPA

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