Prosecutors have uncovered more financial fraud in church networks than they ever imagined. "It took the financial downturn. Money was drying up—the new investors were not coming in, so Ponzi schemes collapsed," IRS Special Agent in Charge for Criminal Investigations Ken Hines told Christianity Today.
Hines, based in Seattle, has helped expose Ponzis for more than 20 years. He has seen first-hand how the church environment has proven to be an ideal context for affinity fraud. "When you go to church, you don't expect to get lied to or deceived or manipulated into losing your life's savings...."
The sickening net effect of fraud puts a dark cloud over pastors and other leaders in local churches....If a faithful church member cannot trust his or her own pastor, whom can they trust?
Read it all.
Filed under: * Christian Life / Church Life Parish Ministry Ministry of the Ordained Stewardship * Culture-Watch Law & Legal Issues * Economics, Politics Economy Credit Markets Currency Markets Personal Finance Stock Market * Theology Ethics / Moral Theology Pastoral Theology
To comment on this article: To article and comments
© 2014 Kendall S. Harmon. All rights reserved.
For original material from Titusonenine (such as articles and commentary by Dr. Harmon) permission to copy and distribute free of charge is granted, provided this notice, the logo, and the web site address are visible on all copies. For permission for use in for-profit publications, please email KSHarmon[at]mindspring[dot]com