The three men involved in the scheme were convicted of bilking more than500 investors out of more than $32 million. Jennings was found guilty in July following a three-week jury trial. The evidence at trial showed that Jones, Simburg and Jennings solicited investors for a coal mine venture and an alleged
international gold transaction that purportedly involved the sale of 20,000 tons of gold between Israel and the United Arab Emirates. They duped investors largely through nightly conference calls in which investors were promised huge rates of return on their investments – as much as 300 percent within 60 days. Most of the conference calls included group prayer, during which investors were told that the gold transaction was “divinely inspired” and that it was God’s will for it to come to fruition.
I guess the old adage is true. There is a sucker born every minute. especially if one is a pastor whose gullible followers thinks his investments are sanctioned by god. I guess Christians are just a greedy as the rest of the world.
Earlier post on Jennings:
