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Resource ID: #12691
Subject: Nonprofits
Source: Wall Street Journal (New York)
Date: 1995-05-15



The stories exposed the Foundation for New Era Philanthropy, a fast-growing charity that was, in fact, a giant Ponzi scheme. The articles traced how New Era managed to dupe hundreds of colleges, evangelical groups, churches, museums, other charities and prominent philanthropists out of more than $100 million. (May 15, 16, 19, June 2, 15, 22 & Nov. 1, 1995)

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