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Fake pastors scam churchgoers out of $28M in Ponzi scheme

U.S. authorities have charged three Maryland men, who presented themselves as pastors to defraud more than 1,000 church members and other investors in a $28 million Ponzi scheme.

By Anugrah Kumar of Christian Post U.S. authorities have charged three Maryland men, who presented themselves as pastors to defraud more than 1,000 church members and other investors in a $28 million Ponzi scheme. The three – identified as Dennis Mbongeni Jali, 35; John Erasmus Frimpong, 40; and Arley Ray Johnson, 61 – “allegedly recruited investors at churches, presenting themselves as pastors concerned about the investors’ financial freedom,” U.S. Attorney Robert K. Hur said in a statement. “The indictment alleges that instead, the defendants used new investments to further their Ponzi scheme and to fund their lavish lifestyles, including luxury vehicles and private...

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