Skip to main content.
A non-profit service providing academics, religion professionals and other researchers with religion & cult news
ReligionNewsBlog

Religion news articles about religious cults, sects, world religions, and related issues

Home | About RNB Related: Cult FAQ | Cult Experts | Apologetics Index | Cult Information Search Engine
More articles about: Abraham Kennard:

Two Men Indicted in Church Scam

Associated Press, USA
Jan. 20, 2004
www.11alive.com

ReligionNewsBlog.com • Wednesday January 21, 2004

ATLANTA (AP) — A federal grand jury has indicted two men on charges of scamming about 1,600 churches out of nearly $9 million.

The jury returned the 91-count indictment against Abraham L. Kennard, 45, of Wildwood, and R. Scott Cunningham, 52, of Dalton, the U.S. Attorney’s office announced Tuesday.

According to prosecutors, the pair began a scheme in July 2001 in which they promised a forgivable loan or non refundable grant of $50,000 for every $3,000 in fees a church or other non-profit paid their company.

Nationwide, churches in 41 states invested at least $8.7 million after Network International Investment Corp., based in Wildwood, promised great returns, according to the Securities and Exchange Commission.

The indictment claims Kennard paid a group of affiliates to locate potential victims for the company’s “Church Funding Project.” He then hosted a series of bogus financial presentations throughout the country.

In 2002, Cunningham, a Dalton attorney, deposited the proceeds from the scheme into a trust account, the indictment claims.

The money paid for limousines, private jets, luxury automobiles and property for Kennard, his family and girlfriend and Cunningham, the indictment claims.

“This is a disturbing scheme that preyed on the trusting members of the faith community,” said U.S. Attorney Bill Duffey.

No trial date has been set in the case.

info Original content is © Copyright Religion News Blog. All rights reserved.
    Do not republish or repost. Page copy protected against web site content infringement by Copyscape

share this article Share this article

tag Related Articles

arrow
arrow Topic(s): Abraham Kennard

Comment Comment

Join Religion News Blog at Google+ to comment, share, and follow.

RSS Feed Follow Us


 Follow

Religion News You May Like This As Well

Why are you not using Nozbe?

Don't you need to get things done?

Religion News Search Search Religion News Blog