S.E.C. SUES JEHOVAH'S WITNESSES FOR INVESTMENT FRAUDS

News articles exposing "undercover" scandalous activities of the Watchtower Society, otherwise hidden from unsuspecting Jehovah's Witnesses.

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Mary
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S.E.C. SUES JEHOVAH'S WITNESSES FOR INVESTMENT FRAUDS

#1 Post by Mary » Tue Jul 18, 2006 1:54 pm

S.E.C. SUES JEHOVAH'S WITNESSES FOR INVESTMENT FRAUDS

This is a very sad day as it seems that some so-called Jehovah's Witnesses acting very wickedly, have scamed other elderly brothers and sisters, from their own Congregations, out of their hard earned money using investment schemes. Schemes that took 16 million dollars from these poor elderly brothers and sisters.

The defendants operated using a Ponzi scheme, paying earlier investors with funds raised from later investors. The majority of investors in Renaissance, a company named in the litigation suit, never received the interest or return of their principal the defendants had promised.

Wow, stealing from the elderly brothers in their own Kingdom Halls...this is another low. Not even mentioning the reproach upon Jehovah God, Himself??? My question is, "where is the love?"

(Matthew 24:12) and because of the increasing of lawlessness the love of the greater number will cool off.

Here is the link to this story with all of the PROOF and details on JW.com:

http://www.jehovahs-witness.com/11/117025/1.ashx



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