Former businessman Ephren Taylor, who describes himself as a ‘Social Capitalist,’ has been charged with fraud by the U.S. Securities and Exchange Commission for an alleged $11 million Ponzi scheme that targeted socially conscious churchgoers.

Among the victims are members of Atlanta’s New Birth Missionary Baptist Church. They are suing their pastor, Eddie Long, for promoting Taylor’s scheme.

What a South Florida family of psychics did for 20 years was criminal fraud, federal prosecutors say.

But the defense team for the Rose Marks family says it was something very different — religion, free speech and a sincere belief in spiritual healing.

A federal judge has sentenced a promoter of Christian rock concerts to nearly five years in prsion in a wire fraud scheme that bilked nearly $1 million from investors.

Lauren Baumann, 43, of Downey, California, was the owner of Stewardship Estates, LLC, which collected nearly $1 million in loans, promising investors that the money would be used to host Christian rock concerts.

A former Los Angeles church pastor, who owned and operated several fraudulent durable medical equipment supply companies with her husband, was sentenced today to serve 3 years in prison for her role in a $14.2 million Medicare fraud scheme.

Last January her husband was sentenced to 15 years in prison.

Updated A French appeals court on Thursday upheld the Church of Scientology’s 2009 fraud conviction on charges it pressured members into paying large sums for questionable remedies.

The case centered on the complaints of several people who spent huge amounts of money for the cult’s ‘purification packs’ and other alleged ‘cures.’

A federal judge has sentenced the pastor of a now defunct Los Angeles church to 15 years in prison after he was convicted for bilking millions from Medicare for unnecessary power wheelchairs.

Christopher Iruke, 61, must also pay $6.7 million in restitution, jointly and severally with his co-conspirators.

A wealthy musician lost $20 million over six years to scammers who persuaded him of threats against him coming out of Central America, the conservative Catholic movement Opus Dei and the CIA, a prosecutor said Tuesday.

Vikram Bedi’s co-defendant, Helga Invarsdottir, pleaded guilty last year to grand larceny and is awaiting sentencing.

A Paris appeals court has rejected a bid by the Church of Scientology to get the group’s fraud conviction thrown out because the case has taken too long.

The refusal of that request means the appeals hearing will move forward

The appeal for the Church of Scientology’s conviction on fraud has opened in a Paris court.

The cult’s defense lawyersh plan to argue during the appeal that the conviction curtails freedom of religion and association.

The owner and operator of a Downey, California, firm has pleaded guilty to wire fraud in a Ponzi scheme that collected nearly $1 million from victims who were falsely promised that their money would be used to host Christian rock concerts.

The charge of wire fraud carries a statutory maximum penalty of 20 years in federal prison.

A doctor and evangelical minister who used bogus herbal medications to offer false hope to dozens of people suffering from diseases such as cancer and Alzheimer’s was found guilty of nearly a dozen federal charges.

Twenty-eight victims or family members of victims who died while taking the products testified against Christine Daniel.

Two pastors of a defunct Los Angeles church have been found guilty of preying on their trusting parishioners to run a $14.2 million Medicare fraud scheme.

The couple was accused of using information from parishioners to set up several fraudulent medical supply businesses that billed Medicare for power wheelchairs and other pricey equipment that was never provided or was unnecessary.

A noted music composer and oil-family heir was fleeced out of as much as $20 million over a six-year period by a Westchester computer repairman and his girlfriend, authorities said Monday.

The saga began in August 2004 when Roger Davidson, 58 years old, a pianist and jazz composer who once won a Latin Grammy, took his computer to Datalink Computer Services in Mount Kisco, saying the machine had been infested with a virus.

The owners of the company, Vickram Bedi, 36, and his girlfriend, Helga Invarsdottir, 39, became aware of Mr. Davidson’s high profile and allegedly proceeded to convince him that he was the target of an assassination plot ordered by Polish priests affiliated with Opus Dei, a conservative Roman Catholic organization, authorities said.

On March 18, 2009, Shawn Merriman visited his lawyer. Together they went to the federal government and handed them a case.

His next stop was to talk to the leaders at the Church of Latter Day Saints, where he was a respected bishop. He confessed that the company he started 14 years earlier, Market Street Investors, was a fraud.

Then he came home and told his wife.

Shawn Merriman had accumulated a $4 million fine-art collection, classic cars, expensive boats and a luxury mobile home. He had paid off the families’ million dollar house in Aurora. It had all been funded with money he stole from his clients.

Last September the admitted Ponzi-schemer was sentenced to 12 1/2 years in prison in an emotion-filled hearing that included an appeal from his mother, one of his victims, to “make him pay.”

Now divorced, Andrea — who was unaware of her husband’s fraudulent business — shares her story on her blog, The Unexpected Life.

• Ponzi’s Scheme: The True Story of a Financial Legend
• How Ponzi Schemes and Pyramid Frauds Work
• In every Ponzi scheme, some investors profit early on. But courts can force them to return the money, even if they were unaware of the fraud.

Former pastor Vaughn Reeves is headed to trial in Indiana for allegedly taking some money parishoners thought was going toward building churches and using it to buy himself and his sons planes and sports cars.

Authorities say Reeves — founder and owner of now-defunct Alanar Inc. — and his three sons duped about 11,000 investors in the Ponzi scheme.

The State of Indiana alleges that the Reeves’ scheme was an affinity fraud in that Alanar’s marketing strategy was devised to appeal to the Christian faith of potential investors.