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Resource ID: #16301
Subject: Fraud
Source: Tribune (Tampa, Fla.)
Affiliation: 
Date: Feb. 14, 1999; March 13-14, 1999; March 17, 1999; Aug. 7, 1999; Aug. 20-21, 1999; Sept. 5, 1999 Oct. 19, 1999; Dec. 5, 1999;

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Description

A Tampa Tribune investigation of the Greater Ministries International revealed that the Tampa Bay ministry was using a Ponzi scheme, a fraud in which cash from investors pays pervious investors. "Eventually, organizers can't keep pace and the Ponzi collapses, wiping out nearly everyone in it." This was "A scam mixing God and greed... Ringleaders dabble in patriot political ideology that they believe protects them from secular law. They go as far as to plan an 'ecclesiastical domain' on a tropical island stocked with automatic weaponry and mines for security."

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