How They Used Christian Radio For a Giant Scam скачать в хорошем качестве

How They Used Christian Radio For a Giant Scam

How did these guys use Christian Radio to scam over $150 Million from investors? Find out in this video! Subscribe to Pablito's Way below:    / @pablitosway   New to Pablito's Way? Start here!💯    • New to Pablito's Way?  Start Here!   Check out some more of our favorite videos below: Animals Who Are Evil GENIUSES!🐬    • Видео   The Untold Truth About the Escape From Alcatraz⛏️    • The Untold Truth About the Escape From Alc...   Rappers Who Went Broke with Dumb Decisions💸    • Dumbest Rappers Who Went Broke   Follow me on Instagram!   / _pablitos_way   Christian Money This group of men almost pulled off one of the biggest radio scams in history, with more than 155 million dollars stolen from over 700 Christian investors. Just how did they come together to decide to specifically target Christians to separate them from their money? A Scam is Born It all started when Bo Beckman met Christopher Pettengill in 2004. Each of them owned a money management firm but decided to put their heads together and launch Oxford Private Client Group in August 2005. Living Like Kings And here’s where red flag number 1 comes in. Back in June of 2007, Cook bought the historic and castle-like Van Dusen Mansion in Minneapolis. They set up shop and got to work. Beckman continued to run his money management firm from the mansion. Forex Market If you’re not familiar, foreign currency exchange, most commonly known as Forex, is simply converting one form of currency to another. It’s one of the most active markets with over 5-trillion dollars in daily trading volume. Follow the Money So how on earth did a Christian radio station play into Cook and Co.'s scheme? In his late 60's early 70's at the time, Patrick Kiley hosted "Follow the Money," which aired on over 200 stations nationwide. Spending Habits Cook and his co-conspirators lived a lavish lifestyle while the rest of the country, especially their victims, suffered from the recession. For example, Tim Cook spent his dirty money buying decorative Faberge eggs, a multitude of luxury vehicles, and a collection of expensive watches. Promised Returns Cook promised investors annual returns of 10-12% on their investments. He highlighted the fact that trading would present little or no risk to the investors. Cook pretty much convinced them that it was free money. The Castle Falls Cook's scheme came undone in the summer of 2008. Investors began hearing things, especially Ken Locklin. They heard whispers that Cook's firm was under federal investigation. Lessons Learned Cook and his partners scammed over 700 innocent victims before the scheme finally collapsed in 2009. One of the most outspoken advocates for victims was a Texas-based investor named Ken Locklin. Plot Twist While their lives were beginning to crumble, another devious plot was unfolding in the back of Durand's mind—a plot to simply get rid of Beckman! Prosecutors introduced this plot claiming Durand approached Pentegill and proposed they off Beckman to collect on his life insurance policy. Caught Green Handed The five men connected to the Ponzi scheme weren’t all tried at the same time. Trevor Cook was the first to go down after pleading guilty in April of 2010. He admitted that between 2007 and 2009, he was the ringleader of the elaborate scheme to scam investors by convincing them to back his fake Forex trading.