The Denver-based pastor of an online-only church was charged with civil fraud last week after raising $3.2 million from victims who invested in his worthless cryptocurrency, reported The Denver Post and BusinessDen.
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(ANALYSIS) Three men have filed a lawsuit against the Church of Jesus Christ of Latter-day Saints – also known as the LDS or Mormon church – and its investment arm, Ensign Peak Advisors, Inc. The men, at least one of whom remains an active member of the church, according to the lawsuit, allege that the church had fraudulently induced them into making donations.
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A North Carolina church cheated out of more than $793,000 in funds it had raised to build a new sanctuary has set up a GoFundMe account to try to replace some of the stolen money. Elkin Valley Baptist Church lost the funds when cyber thieves compromised a staff member’s computer and intercepted an email from Landmark Construction.
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An Oklahoma City woman has been charged with wire fraud and aggravated identity theft for allegedly embezzling more than $360,000 from the California church where she was an administrator for five years.
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