| Topic: |
Religions > Atheism |
| User: |
"Fredric L. Rice" |
| Date: |
25 May 2005 05:04:11 PM |
| Object: |
'Financial Pastor' Pleads Guilty in Scam |
May 24, 2005
'Financial Pastor' Pleads Guilty in Scam
By THE ASSOCIATED PRESS
Filed at 11:27 p.m. ET
ROANOKE, Va. (AP) -- A man who conducted investment seminars at churches,
billing himself as the ''financial pastor,'' pleaded guilty Tuesday to
federal charges of bilking Christian investors out of nearly $20 million.
William T. Warren, 53, agreed to a 21-year sentence on the day his federal
trial was to have started. The judge scheduled a hearing Sept. 19 to decide
whether to accept the plea agreement.
Warren pleaded guilty to mail fraud, securities fraud and embezzlement. He
targeted people at churches and religious organizations and ran a Web site
that said he wanted people to ''achieve victory and godliness in their
finances,'' according to court documents in the case.
Warren persuaded people to invest their life savings, promising rates of
return of up to 40 percent, according to FBI agent Dave Frey. Instead, he
operated a scheme in which he paid investors who had been with him longer
with money he received from new investors, prosecutors said.
Warren also used investors' funds for personal expenses, according to the
indictment.
Churchgoers in several states, including Alabama, Nevada, Virginia and
Washington, were victims. Most of the investors were from Washington.
Warren, who remains in jail because he is deemed a flight risk, faced up to
60 years in jail and more than $5 million in fines if convicted at a trial.
He has been in jail since his January 2004 arrest.
---
http://www.ElmerFudd.US/ http://www.notserver.com/
Scientology crooks: http://sf.irk.ru/www/ot3/otiii-gif.html
http://PerkinsTragedy.org http://www.rightard.org/
Oppose race hatred: http://www.skeptictank.org/nohate.htm
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| User: "David H." |
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| Title: Re: 'Financial Pastor' Pleads Guilty in Scam |
25 May 2005 05:43:58 PM |
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"Fredric L. Rice" <FRice@SkepticTank.ORG> wrote in message
news:1199u8tb5vl1m2b@corp.supernews.com...
May 24, 2005
'Financial Pastor' Pleads Guilty in Scam
By THE ASSOCIATED PRESS
Filed at 11:27 p.m. ET
ROANOKE, Va. (AP) -- A man who conducted investment seminars at churches,
billing himself as the ''financial pastor,'' pleaded guilty Tuesday to
federal charges of bilking Christian investors out of nearly $20 million.
When will they learn. Never do business with a Xian wearing their
religion on their sleeve. In the yellow pages, a lot of them are nice enough
to put the little fishy in their ads. I like that so I know who not to call.
When a person with whom I am considering doing work for me personally
starts to remind me how much of a Xian they are, well, adios. ( Excuse the
pun.)
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| User: "Fredric L. Rice" |
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| Title: Re: 'Financial Pastor' Pleads Guilty in Scam |
25 May 2005 09:33:22 PM |
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"David H." <davidhaapala@sbcglobal.fart.not.net> wrote:
"Fredric L. Rice" <FRice@SkepticTank.ORG> wrote in message
news:1199u8tb5vl1m2b@corp.supernews.com...
May 24, 2005
'Financial Pastor' Pleads Guilty in Scam
federal charges of bilking Christian investors out of nearly $20 million.
When will they learn. Never do business with a Xian wearing their
religion on their sleeve.
Or a Scientology customer!
---
http://www.ElmerFudd.US/ http://www.notserver.com/
Scientology crooks: http://sf.irk.ru/www/ot3/otiii-gif.html
http://PerkinsTragedy.org http://www.rightard.org/
Oppose race hatred: http://www.skeptictank.org/nohate.htm
.
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