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NEWS: FBI Arrests 7 In Charity Scam

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posted on Aug, 18 2004 @ 07:14 PM
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The FBI has arrested 7 people in a nationwide scam. Religious and philanthropists promises were made to investors and nearly $30 million or more was made. 3 suspects are still at large.
 


signonsandiego.com
SAN DIEGO The FBI announced Wednesday the arrests of seven people, including four in San Diego County, allegedly involved in scams that used religious and philanthropic claims to bilk investors out of some $30 million.

Federal agents took the suspects into custody yesterday as part of an ongoing investigation dubbed "Operation Good Samaritan," FBI Special Agent Jan Caldwell said.

Please visit the link provided for the complete story.

Operation Good Samaritan was what the FBI called the investigation of the mastermind John Franklin Harrell. Harrell was believed to have had at least 20 people working on the operation at any given time. Nationwide victims of the scam, from Oregon to Florida, invested money into the charity on promises such as miracle cures for diseases, proposed biblical theme parks, and social development centers.

The Mormon Church allegedly put $1.6 trillion into a fund which was kept in an offshore account for Harrell to take charge of. Harrell testified that he was to raise enough money to start an insurance company after which the trust would be available to him. Having the trust would give him the ability to pay back the investors that he scammed.

Investments in the charity ranged from $2,000 to millions on empty promises and 100% annual percentage rates for 99 years.

Three of the suspects including, 63-year-old Daniel Anderson of San Diego and John Fletcher, 51, of Santa Barbara, are still at large. Anderson and Fletcher are still wanted in connection with this crime.




posted on Aug, 18 2004 @ 07:37 PM
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Sad. Not that it sounded very believable to me, but I am always sorry to see crooks use peoples good nature toward charity for profit.



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