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Nakami Chi Group Ministries International

Friday March 9, 2012
Nakami Chi Group Ministries InternationalRNB's Religion News Blog:
Eward Purvis An Arizona con man who used promises of Christian goodwill to prey on churchgoers in Arizona and 12 other states will spend the next five years in prison.

Authorities say Purvis and his partner, Gregg Wolfe, operated a Ponzi scheme through a non-profit called Nakami Chi Group Ministries International, which promised to fund Christian causes around the globe while repaying investors 24 percent annual returns.

Wednesday January 18, 2012
Nakami Chi Group Ministries InternationalRNB's Religion News Blog:
Fraud For more than six years, an Arizona con man maintained his innocence in a fraud that bilked millions of dollars from churchgoers in Arizona and 12 other states.

But on Tuesday, Edward Purvis of Chandler pleaded guilty to orchestrating a Ponzi scheme that involved fake gold mines, phony businesses and a bogus promise to fund Christian causes with investor money.

Saturday September 11, 2010
Nakami Chi Group Ministries InternationalRNB's Religion News Blog:
Edward Purvis, owner of Nakami Chi Group Ministries International — a Christian non-profit that lured investors with promises to fund religious work while delivering 24 percent annual returns — was awaiting trial on fraud charges last month when a judge took the unusual step of having him arrested.

The Aug. 6 arrest was triggered by a story in The Arizona Republic that documented a trip Purvis took in April to Las Vegas to promote a gold-mine project to potential investors. At the time, Purvis was on probation after spending about a year in prison on charges related to impeding the fraud inquiry.

But state prosecutors said that is just the beginning of their case against Purvis. At an Aug. 24 hearing, they argued that he needed to remain locked up not only because there is a risk he will flee prosecution but because of the risk he poses to people still willing to give him money.

Saturday May 8, 2010
Nakami Chi Group Ministries International:
Ponzi Scheme A month before he stands trial on fraud charges, Ed Purvis — the owner of a Christian non-profit accused of bilking millions out of churchgoers in Arizona and 12 other states — is now seeking an expert’s endorsement to promote a gold-mine project to investors.

He is scheduled to stand trial June 14 in Superior Court on 43 counts of criminal fraud and theft charges related to his non-profit company Nakami Chi Group Ministries International, which authorities describe as a Ponzi scheme.

Saturday January 17, 2009
Nakami Chi Group Ministries International:
Ponzi Scheme Edward Purvis, the man who promised churchgoing investors in Arizona and 12 other states he could make them wealthy while funding Christian causes, was indicted Friday on 43 counts of fraud and theft.

Authorities accuse the 40-year-old Chandler man of operating a multimillion Ponzi-scheme through Nakami Chi Group Ministries International.

Saturday December 20, 2008
Nakami Chi Group Ministries International:
Nakami Ponzi Scheme The Arizona Corporation Commission has voted to sanction a Chandler couple and another city resident for their alleged involvement in a bogus church-based scheme that cost investors millions of dollars.

Edward and Maureen Purvis, Gregg Wolfe and their Scottsdale-based company — Nakami Chi Group Ministries International — were ordered to pay $11 million in restitution Wednesday and an additional $250,000 in administrative penalties.

Saturday December 6, 2008
Nakami Chi Group Ministries International:
Nakami Ponzi Scheme The ruling crowns a three-year investigation by the Corporation Commission into Valley-based Nakami, which investigators say targeted churchgoers as part of a Ponzi scheme, including at least one pastor, church elders and members of Chandler Christian Church and Vineyard Church in Avondale.

None of the principals could be reached for comment Friday. Purvis has denied any wrongdoing.

Wolfe last year agreed to turn state’s evidence and admitted to investigators that he and Purvis for years funneled millions of dollars in investors’ money into offshore accounts as part of the scheme.

Sunday December 16, 2007
Nakami Chi Group Ministries International:
One of the owners of a Christian non-profit company accused of defrauding churchgoers in Arizona and 12 other states has admitted funneling millions in investors’ money into offshore accounts as part of a pyramid scheme.

Saturday September 22, 2007
Church and StateNakami Chi Group Ministries International:
You won’t find these Arizona religious groups in any neighborhood directory of churches. They don’t have temples. They don’t hold services. Instead, state and federal authorities say they are individually owned corporations, called corporations sole, that were set up to dodge income taxes. Promoters of the schemes rake in large fees and, in one case, used them as part of a pyramid scheme, authorities say.

Saturday June 30, 2007
Nakami Chi Group Ministries International:
A former Chandler police officer accused of aiding suspects in a state fraud case has agreed to testify against them

Thursday May 3, 2007
Nakami Chi Group Ministries International:
Ed Purvis, co-owner of Nakami Chi Group Ministries International, faces 20 years in prison if convicted on four counts of harassing public officials with bogus property liens and other filings and bribing the Chandler officer.

Thursday December 14, 2006
Nakami Chi Group Ministries International:
A Chandler officer indicted in a public corruption case resigned Thursday before police could question him, and as state prosecutors released documents detailing how they linked him to the case.

Nakami Chi Group Ministries International:
The grand jury alleges Forward, a seven-year employee with the department, misused police computers and his position to illegally search records from January 2005 until last month for two Chandler men, Edward Purvis and Gregg Wolfe. The men were principals of a Scottsdale nonprofit now under investigation by the Arizona Attorney General’s Office and the FBI.

Friday December 8, 2006
Nakami Chi Group Ministries International:
A pair of 2-carat diamond earrings. A gold ring. A down payment on a house. These are just some of the items purchased with funds from a non-profit company that told investors in Arizona and 12 other states that their money would be used to fund Christian charities.

Thursday October 5, 2006
Nakami Chi Group Ministries International:
State regulators took action Wednesday to shut down a non-profit company that has been promising to fund Christian charities and pay investors 24 percent annual returns.

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