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	<title>Religion News Blog &#187; Cynthia Setszer</title>
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		<title>Woman sentenced in Ponzi scheme that targeted religious leaders and ministries</title>
		<link>http://www.religionnewsblog.com/23058/cynthia-setser-2</link>
		<comments>http://www.religionnewsblog.com/23058/cynthia-setser-2#comments</comments>
		<pubDate>Tue, 16 Dec 2008 09:23:56 +0000</pubDate>
		<dc:creator>Religion News Blog</dc:creator>
				<category><![CDATA[IPIC International]]></category>
		<category><![CDATA[Cynthia Setszer]]></category>
		<category><![CDATA[George Setser]]></category>
		<category><![CDATA[Ponzi Scheme]]></category>

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		<description><![CDATA[<a href="http://www.religionnewsblog.com/23058"><img src="http://rnbpull.99streets.netdna-cdn.com/graphicspics/george cynthia setser.jpg" alt="George and Cynthia Setser" width="90" height="90" border="0" style="float:left;padding-right:5px;" title="George and Cynthia Setser"></a> Her husband Gregory Earl Setser was <a href="http://www.religionnewsblog.com/17361/gregory-setser-gets-40-years-in-import-scam">sentenced</a> to 40 years in prison for his involvement in the scheme. His sister Deborah S. Setser was convicted and sentenced to 15 years in prison and Joshua Nathan Setser was sentenced to two years in prison.<br /><br />Beginning in 2000 in North Texas, the defendants devised a scheme to induce people to enter into investment contracts with IPIC.
<br /><br />
They <a href="http://www.religionnewsblog.com/5164/misplaced-faith-stings-evangelists">targeted</a> churches, ministries and religious organizations and their pastors, leaders and members and represented to investors that IPIC was a highly successful import/export business.]]></description>
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