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THERE IS A GOD'S FRAUD SQUAD - ON EARTH!
Ed. Note: The MLM WatchDog has long learned to raise his “shields” when some MLMer whips out religion. There is a long list of supposed preachers and not so pious laymen that have long plundered our good MLM business. When religion and investing money come up in the same breath, the WatchDog starts reaching for his trusty .45 automatic!
The worst of the worst are scam artists that use religion to suck money out of the pockets of God fearing, church going folks. The favorite ploys the scammers use are Ponzi (1 person or small group selling the scam), or pyramid schemes (commissions may be to 1,000’s of sales people who sell the scam). In either of these cases, money from new investors is used to pay earlier investors (which excites new victims). The last victims generally lose all their money.
In Canada’s Bible Belt (a religious area) a Catholic priest and a Presbyterian minister noticed many of their church flock suffering from depression and stress related injuries. The result was that a good number of these church members were so badly traumatized, they ended up hospitalized. In separate avenues of providing care, both clergymen found that the root of the problem was fraud through pyramid or Ponzi schemes that had left innocent victims financial devastated.
When Rev. John Haycock and Father Seamus Mackrell compared notes on this church based “Affinity Fraud” through Ponzi and pyramid schemes, they realized that it was a serious problem. The minister and priest were struck by what they had found out. The increase of religious con victims matched a rise in Affinity fraud among religious groups in North America.
Since 2003, financed by fines and penalties that the BCSC levies against delinquent companies and individuals, Father Mackrell and Mr. Haycock have been traveling to churches throughout the Fraser Valley - and as far away as New Mexico - spreading their peculiar gospel: how to identify and report the fraudsters who consider religious flocks easy prey.
LINK: GREAT STORY BY WRITER PATRICK WHITE – GLOBELIFE OF CANADA
