Tag: churches targeted in Ponzi schemes
-
NEWS AND NOTES: Arrests Made In Ponzi And Affinity Fraud Scheme That Targeted 21 Michigan Churches; Pennsylvania Man Accused Of Targeting Credit Unions In Ponzi Scheme
Two Maryland men were charged and arrested, amid allegations they fleeced 21 Michigan churches out of $660,000 in a Ponzi and affinity fraud scheme in which pastors were duped into giving a leasing company access to church bank accounts. Authorities said the men perhaps targeted more than 160 churches in 13 states and the District…