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Bible-beating criminal masterminds

How about these Arizona flim-flam geniuses?

Or so they thought they were, untill their investment scheme collapsed, affecting more than 11,000 people — mostly senior citizens — who lost money. These clowns didn’t profit, they simply hid the fact that the whole enterprise was going bust. (KVOA):

A heavy sentence has been handed down to two men who squandered the life savings of thousands of Arizonans.

It marks the end of the scandal surrounding the defunct Baptist Foundation of Arizona. In the 1990’s, the Baptist Foundation collected more than $550 million from 11,000 investors, mostly elderly people. When the foundation collapsed in 1999, all that money was gone.

Earlier this month, former executives, Bill Crotts and Tom Grabinski were found guilty of fraud and operating an illegal enterprise. Crotts and Grabinski were sentenced for their crimes. Crotts will serve 8 years in prison and is ordered to repay $159 million to investors.


Alabama pastor charged with forging checks

The pen of Reverend Stephen Hudson, pastor of Greater Sardis Missionary Baptist Church must have had the devil in it — it signed the names of church members on the house of prayer’s benevolent fund checks.

Police said the Rev. Stephen Hudson, 55, turned himself in to the Ozark Police Department on Monday after a warrant was issued for his arrest last month. Hudson is accused of signing the checks in the names of Carl Crittenden and Nellie Traylor for payment at two utility companies and a convenience store. Crittenden filed three different police reports for each check.

Hudson, who is charged with three counts of possessing forged instruments, could face one to 10 years in a prison if convicted.

…Former church clerk Julie Jones said the checks were given to Hudson by someone after the death of the man in charge of the account.


Youth Pastor Convicted In Phony Mortgage Scheme

Boy, do we see a trend here? This one’s from White Plains, NY.

Israel Pena faces decades in prison and millions of dollars in fines after a federal jury in White Plains convicted him Monday on conspiracy and fraud charges.

The U.S. Attorney’s Office says Pena and other unidentified co-conspirators arranged bogus loan applications to buy various properties in Westchester and New York City – which they didn’t own.

One case involved a property in Yonkers that was bought with a mortgage secured by a fake letter showing that the buyer had received a $50,000 gift and a $50,000 certified check that was never negotiated but instead returned after the closing was complete.

In another instance, Pena and the others sold a Manhattan property that they never owned, leaving the buyer with a mortgage but no property.

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Pam Spaulding

Pam Spaulding