Tag: Church of Grace and Peace
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Minister Who Bilked Church Members In Twin Ponzi Schemes Pleads Guilty; Congregants Lost More Than $1 Million
A Pennsylvania minister who ran two Ponzi schemes and bilked New Jersey churchgoers out of more than $1 million has pleaded guilty to mail fraud and wire fraud. Terence Mayfield of Phoenixville faces up to 40 years in prison and fines in excess of $250,000. Sentencing is set July 14, before U.S. District Judge Joseph…