more Kennard background
(perhaps he should have used the Pat Robertson or Jerry Falwell faith-based deluxe model - maybe diamond mines vs. non-existent Christian 'resorts') ...
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Witness: I'm now bankrupt
Rome News-Tribune, Jan. 14, 2005
Lauren Gregory, Rome News-Tribune Staff Writer
Pastor says he let faith carry him past doubts about Abraham Kennard’s program.
Two years ago, Pastor Billy Brooks was sure that God wanted him to join
Network International Investment Corporation (aka Church Kingdom Investments, Ltd.; Life Outreach Worship; Safe Haven). But when the windfall of money he was promised never came, he told federal prosecutors Thursday, things changed.
In 2001, Brooks said he took out a loan on his car and used his credit cards to pay NIIC
$9,000 in membership fees.
Abraham Kennard, NIIC president and chief executive officer, promised Brooks that money flowing into the company from private investors
would ensure he’d get more than $6 million back.
~snip~
Brooks, testifying for prosecutors in U.S. District Court in Rome on Thursday, said he understood back in 2001 and 2002 that profits from the 50 Christian resorts that NIIC was building in every state would mean even more money for members of the company’s “Church Funding Project.”
What he learned later, he said, was that there were no resorts and no investors — and therefore no money to claim on behalf of his struggling congregation.
~snip~
Brooks testified that during his membership he ended up signing off for six cars in NIIC’s name — five Cadillac Escalades worth between $56,700 and $86,900 and a Mercedes Benz Roadster worth $110,600 — that he couldn’t afford, all because Kennard believed his associates should “look prosperous.”
~snip~
http://religionnewsblog.com/9915/Witness--I--m-now-bankruptSEC lawsuit
http://www.sec.gov/litigation/complaints/comp17827.htm'Affinity Fraud'
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Religion-based scams take Lord's name in gain
http://www.religionnewsblog.com/2118-.htmlCon artists preying on faithful
Authorities say religious affinity scams skyrocketing across nation
http://www.apologeticsindex.org/news1/an011128-17.htmlInvestment frauds using religion on the rise, state regulators warn
http://www.apologeticsindex.org/news1/an010810-23.htmlExample: One of America's largest affinity fraud cases (Reed Slatkin)
http://www.slatkinfraud.com/index.phpHow To Avoid Investment Scams That Target Groups
http://www.sec.gov/investor/pubs/affinity.htmGood God! Faith-based scams proliferate, raise questions about Federal, Local Funding Inititatives
~snip~
"Churches say they want taxpayer funding, but they don't want the type of regulatory oversight and accountability that is designed to protect the public," she said. "Bush is proposing the biggest transfer of wealth in the history of this country between churches and the U.S. Treasury, which is going to create more fraud and theft than ever before."
~snip~
Florida Gov.
Jeb Bush's "Front Porch" program is already experiencing trouble. The outreach involved heavy emphasis on recruiting houses of worship to operate faith-based community initiatives. In one case, though, money from a Department of Justice grant for a "revitalization" program ended up in the hands of a man with a 12-year history of drug and weapons convictions. In another case, a Health Department program review uncovered thousands of dollars being used for "indirect" and "other" expenses. And the Tampa Tribune newspaper raised questions about a "faith-based Trojan horse" bill in the legislature which would increase the number of religious groups receiving funding.
~snip~
"No one's keeping track," said Ellen Johnson. "We're just handing out the money, and it's there for the taking."http://www.atheists.org/flash.line/faith34.htm