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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  11/26/2014
Choice News WEDNESDAY, AUG 8, 2001  |  1 comments
Securities regulators see sharp rise in religious-based scams


Gerald Payne

At the intersection of old-time religion and old-line Ponzi schemes some 90,000 people in three years have been bilked of nearly $2 billion by con artists promising unearthly rewards from divinely blessed investments, state securities regulators said Tuesday, adding that the scams are “rising dramatically” across the U.S.

THE TREND IS NEFARIOUS. Con artists tap into the accepting and often non-questioning pockets of religious-minded people with malicious and unrepentant intent, the regulators said. The scams are spread mostly through quasi-religious meetings where God, Gospel and greed are mixed in an intoxicating cocktail promising heavenly financial rewards.

“Pretty soon you are going to be financially free because you… [and your wife are] going to have money to go do something for God,” is how former house-painter- turned-minister and now convicted con artist, Gerald Payne put it ...


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News Item8/8/01 8:56 PM
John P. Vandenberg | Brazoria, Tx  Contact via email
If you are born again and studying the WORD everyday, the scammers won't touch you. JESUS is LIGHT and in HIM is no darkness at all. If you will try the spirits you won't fall for the gimmicks of the fleshly preachers. STUDY to show thyself approved unto God,a workman that needeth not be ashamed, RIGHTLY dividing the WORD of TRUTH. Meditate on the WORD daily and be led by THE HOLY GHOST and you won't be trapped. Greedy people feed the greedy scammers!!!!
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