Saturday, September 30, 2006

Fraudsters Use Religion to Cover their Misdeeds

I believe that the majority of people - who profess a belief in god are good people. Unfortunately, there are some out there, who use religion as a cover for their "misdeeds."

And when they do so - they steal from the "good" to line their own pockets.

The LA Times is reporting that two former executives with the Baptist Church of Arizona were sentenced of defrauding approximately $600 million from their flock.

Sadly enough - they've only been ordered to repay about half that amount and are getting six years in prison. With good behavior (I have no doubt both of them will be extremely religious), I wonder how much time they will actually serve?

Oh - and most of the people they defrauded were elderly! Some might term this "elder abuse."

LA Times article, here.

Another story broke yesterday about two priests - who are being accused of skimming $8.4 million from collection plates to pay for lavish vacations, luxury apartments, girlfriends and even an Irish Pub.

Full story from, here.

Interestingly enough, the Alabama Securities Commission issued a warning about how religion is being used a tool to defraud unwary people, here.

I guess the moral of the story is to be careful when investing, or giving to anyone. If it doesn't make sense, or seems to good to be true, it probably isn't.

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