Alexandoy
VIP Contributor
Let me share this investment scheme of KAPA, a religious group headed by Pastor Joel. Members are encouraged to give donation. In return God will bless them with 30% monthly interest on their donation. Clearly it is an investment scheme that is HYIP because it is too good to be true.
What started the hype was when someone got paid the blessing of 30% interest. The people in his circle joined the religious sect. If they had no savings they borrowed money from the usurer to donate to the sect of Pastor Joel. That was the boom period of the investment scheme until those who invested later on didn’t receive the promised blessings from God. Why so? Because they have not recruited. Now Pastor Joel is in jail for a case of estafa (swindle).
What started the hype was when someone got paid the blessing of 30% interest. The people in his circle joined the religious sect. If they had no savings they borrowed money from the usurer to donate to the sect of Pastor Joel. That was the boom period of the investment scheme until those who invested later on didn’t receive the promised blessings from God. Why so? Because they have not recruited. Now Pastor Joel is in jail for a case of estafa (swindle).