Tag: Nakami Chi Group Ministries International

‘Christian’ con artist gets 5 years in prison

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.

Edward Purvis admits huge Ponzi scam that targeted Christians

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.

Chandler fraud suspect Edward Purvis jailed after trip to pitch deal

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.

Ponzi suspect’s latest deal questioned

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.

Fraudsters who targeted churchgoers sanctioned; ordered to pay $11 million in restitution

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.

Ponzi ruling: Pay $11 mil to churchgoers

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.