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Investors will get 70 cents for every dollar they invested in an $85 million Ponzi scheme operated by a fundraising branch of the Church of God.
A federal judge in Indianapolis on Monday gave final approval to the terms ending the case. As part of those conditions, U.S. District Judge David Hamilton also granted permission for properties causing a financial drain on Church of God assets to be abandoned. The case is expected to be finalized in September or October.
Court documents said the Securities and Exchange Commission filed suit against the church's prior fundraising organization in 2003, alleging it had defrauded investors who believed their money would go to church-related construction.
Instead, the judge said the leaders of the former fundraising organization used the money raised to make interest and principal payments to prior investors to cover up bad business decisions, The Herald Bulletin reported.
"It's more of the same old cliche, if you find yourself in a hole, stop digging," Hamilton said.
The 70-percent payback will go to unsecured investors. Under those terms, someone who invested $100,000 could receive about $70,000 back.
Much of the money has already been repaid. Hamilton has approved a final installment of about $750,000 before the case is closed. Any unclaimed funds would then go to the unclaimed property division of the Indiana attorney general's office.
Records show more than $73 million was recovered from the liquidation of church assets and other funding such as private contributions. However, part of that went for professional fees associated with the case.
Hamilton called the recovery of funds "extraordinary."
Frank Johnson, president of the Reconstituted Board of Church Extension, said the new fundraisers were determined to recover as much money as possible for church members who had invested their money.
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Investors in church-related fraud to get most of their money
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Investors will get 70 cents for every dollar they invested in an $85 million Ponzi scheme operated by a fundraising branch of the Church of God.
A federal judge in Indianapolis on Monday gave final approval to the terms ending the case. As part of those conditions, U.S. District Judge David Hamilton also granted permission for properties causing a financial drain on Church of God assets to be abandoned. The case is expected to be finalized in September or October.
Court documents said the Securities and Exchange Commission filed suit against the church's prior fundraising organization in 2003, alleging it had defrauded investors who believed their money would go to church-related construction.
Instead, the judge said the leaders of the former fundraising organization used the money raised to make interest and principal payments to prior investors to cover up bad business decisions, The Herald Bulletin reported.
"It's more of the same old cliche, if you find yourself in a hole, stop digging," Hamilton said.
The 70-percent payback will go to unsecured investors. Under those terms, someone who invested $100,000 could receive about $70,000 back.
Much of the money has already been repaid. Hamilton has approved a final installment of about $750,000 before the case is closed. Any unclaimed funds would then go to the unclaimed property division of the Indiana attorney general's office.
Records show more than $73 million was recovered from the liquidation of church assets and other funding such as private contributions. However, part of that went for professional fees associated with the case.
Hamilton called the recovery of funds "extraordinary."
Frank Johnson, president of the Reconstituted Board of Church Extension, said the new fundraisers were determined to recover as much money as possible for church members who had invested their money.
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Investors in church-related fraud to get some money
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St Luke #39;s Church Construction - 2014
Time lapse video of the St Luke #39;s construction. The first part that you see rising up is the new school gymnasium.
By: Ryan Schon
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St Luke's Church Construction - 2014 - Video
Photo by Lynn Bruggemann
The church on Irving Street that is at the center of a controversy involving its possible use as a mosque.
MIDLAND PARK The boroughs first Islamic house of worship has received a zoning certificate to operate at 218 Irving St., the site of the former Han Maum Reformed Church.
Construction Official Mark Berninger said the El-Zahra Education Foundation Inc. received a zoning certificate to operate a "house of worship and related activities."
"A house of worship is a permitted use in a residential zone," Berninger said.
Established in 1997, the Teaneck-based foundation is a non-profit religious educational organization serving the Muslim community.
Sheikh Mohhamad M. Charaf, president and founder of the foundation, confirmed the congregation received the certificate and was in the "process of purchasing" the property, but declined further comment.
The 12,000-square-foot building it would occupy sits on 2.81 acres and has a sanctuary with seating for approximately 300.
The building also features eight classrooms/offices, four bathrooms, two kitchens and an additional large meeting room. It has a large lawn area, playground and parking for 80 cars.
Located at the end of Irving Street, the property sits near the intersection of Fifth Street. It was listed by RE/MAX for sale at $2.59 million.
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Teaneck-based group to buy church on Irving
A former Milwaukee priest was suddenly removed from his position at a suburban Chicago church over the weekend.
Father James Dokos was a trusted leader and pastor for years at the Annunciation Greek Orthodox Church until 2012, when he transferred to Glenview, Ill. Then questions began surfacing about some lavish spending of church money.
VIDEO:Former Milwaukee priest may soon face criminal charges
The famous Frank Lloyd Wright-designed Annunciation Greek Orthodox Church on Milwaukee's northwest side has been gaining new attention because of allegations of fraud against a former pastor.
WISN 12 News began investigating last fall, after Milwaukee County prosecutors served multiple search warrants stating they were seeking information on Dokos' use of more than $100,000 in a trust fund.
In October, the church's lawyer told WISN 12 News, "Our mission was to get the explanation out, and we got the explanation out, and it's in the district attorney's hands, and we have all faith in the District Attorney's Office," Annunciation Greek Church attorney Emmanuel Mamalakis said.
According to those warrants, the money in a trust fund was intended to be used by the church, mainly for construction of the church's new cultural center.
Instead, Dokos is suspected of using tens of thousands of dollars to pay his personal bills, including meals at Fleming's Steakhouse in Brookfield and Trieber and Straub Jewelers -- a luxury jewelry store also in Brookfield.
Dokos transferred to Sts. Peter and Paul Greek Orthodox Church in Glenview, Ill., in 2012.
WISN 12 News has obtained a letter sent to members there this weekend by the Greek Orthodox Metropolis of Chicago that they've been informed that the Milwaukee district attorney, "intends to file a criminal complaint" against Dokos, and in light of that he's been placed on administrative leave and "suspended from his pastoral and administrative duties as parish priest."
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Former Milwaukee priest removed from Chicago area church
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GIFFORD Volunteers from Paxton and Loda churches have completed two weeks of volunteering on a blitz build of three houses under the auspices of Champaign County Habitat for Humanity.
The Paxton Area Ministerial Association raised nearly $50,000 and provided volunteers for the home for Christy and Benjamin Calhoun being built on Gifford's east side.
Though that home and the one next door for Randy and Tracy Westmoreland, where volunteers from American Baptist Home Mission Societies and the Great Rivers Region of American Baptist Churches USA are working, aren't complete, much was accomplished.
Ron Dudley, a member of the Loda United Methodist Church and Loda's mayor, spent all two weeks on site. He's never built a house before, but said he learned a lot of construction techniques. He worked part of the time with fellow church member Jay Ross, an experienced carpenter who has traveled even to Europe to volunteer his services.
Dudley had worked in the fall in Gifford on post-tornado clean-up and earlier this spring he and Ross completed demolition of a house there. Dudley said he'd be happy to volunteer at a Habitat site again.
Chuck Werner, 74, a member of the Paxton Church of Christ, knows his way around a construction site, having made his living earlier in life as a contractor. He noted the construction business has changed a lot since then. Another first-time Habitat volunteer he said he learned new things and was pleased with the willingness of the volunteers to pitch in, and of the Habitat construction staff to lead.
Werner's wife, Mary, delivered meals in town one day and worked three days on the building site. She said she noticed that lots of older people were working and figured she could as well. She learned and participated in siding the house, cleaned up the drywall mess before interior painting could start and even sorted nails.
She likes the premise of Habitat in which the new owners put their own sweat equity in their home.
Norris Skonberg is another member of the Church of Christ. He spent six days at the site. His wife, Susan, helped deliver meals along with other church members.
It is Tom Anders, pastor of the church, who initiated the effort and moved the process along. Norris Skonberg, retired from the plumbing business, spent his time working on siding, soffits and framing.
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Church volunteers finish two weeks of Habitat work in Gifford
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TOWN OF GRANT, Wis. Seventeen months after an explosion destroyed a Dunn County church, a new building is scheduled to be rededicated with a service next week.
The old St. John's Popple Creek Lutheran Church was one year shy of its 100th birthday. With the new building nearly complete, members said they hope it will take them into the next century.
In Jan. 2013, an explosion from an L-P leak burned the church into a pile of charred rubble.
Oh, it was shock. We had a lot of memories in that church, but it's just a building. We still have our faith, that's the main thing, church president Bruce Winget said.
The general consensus was that if possible, we were gonna rebuild and thanks to the Lord I guess, for having good insurance and we were able to keep the congregation together and rebuild, he said.
Kristi Welle, who lives nearby, said although she's not a member, the church is an important part of the rural community.
It reminds us of what's important, the important things of family, community and faith, Welle said.
Winget, who was baptized and confirmed in the old building, said members found a temporary place of worship at a nearby church while a new church was being built.
It's important we keep it going and we're so pleased we're able to do that, Winget said.
After a year of construction, the new building opened in Jan., but was getting its finishing touches Monday. Windows from Eau Claires Epiphany Lutheran School were installed and Winget said all the costs were covered by the church's insurance, allowing for necessary upgrades.
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17 Months after explosion, Dunn Co. church puts finishing touches on new building
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TULSA, Oklahoma -
A Tulsa County man is suing First Presbyterian Church of Tulsa and its pastor, blaming them for publicizing his conversion from Islam to Christianity which he claims led to him being tortured when he visited Syria.
The man is referred to as John Doe in court documents because his attorneyssay using his real name would expose him to physical harm or even death.
According to the suit, which was filed on June 9, 2014, the plaintiff moved to the United Statesat about the time he became an adult. Hehas completed all the requirements to become a United Statecitizen except for taking the oath of citizenship, which he will do as soon as his adopted country schedules it,the suit says.
10/21/2014: Related Story: Tulsa's First Presbyterian Church Begins $33 Million Construction Project
The plaintiff says hebecame involved in the Christianfaith at First Presbyterian Church which led to his decision toconvert to Christianity. The suit claims he discussed his decision with the leadership of the church, including pastor Dr. Jim Miller. It also claims they discussed at length the need for his conversion to remain confidential, becauseSharia law calls for the death of anyone who converts to another religion from Islam.
The plaintiff says he agreed to be baptized on December 30, 2012 only after being assured by the defendants that his baptism would be kept private. He was scheduled to fly to Syria that same day and claims in his lawsuit that the defendants knew that.
First Presbyterian Church published the news of his baptism on January 6, 2013, according to the suit. The suit claims two church leaders told him they were "horrified" that the church had published the announcement and promised to remove it, but the plaintiff says they did not do so until April of 2014.
The plaintiff says he was in Damascus, Syria in mid-January of 2013 when he was confronted by radical Muslims who told him they'd read about his conversion to Christianity on the internet. Even though he denied it, the accusers tiedand blindfolded him and told him they were going to carry out the death sentence.
He was bound, beaten and forced to spend up to 18 hours a day in a 55-gallon "electrified drum," he claims in the suit. He says he was periodically taken out andtortured and his captors told him he was going to be beheaded.
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Muslim Who Converted To Christianity Sues Tulsa Church After Torture In Syria
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By KATY DAIGLE Associated Press
NEW DELHI (AP) - Forty Indian citizens working for a Turkish construction company near the Iraqi town of Mosul have been kidnapped, India's Foreign Ministry said Wednesday.
Ministry spokesman Syed Akbaruddin said there had been no contact with the kidnappers, and no ransom demand had been received. Over the past week, militants have overrun Mosul and seized wide swathes of territory as they stormed toward the Iraqi capital of Baghdad.
It was not immediately clear when the Indian workers were abducted. Akbaruddin said they were mostly from northern Indian states including Punjab, and had been working for the Tariq Noor al-Huda construction company in Iraq.
Relatives in the Punjabi city of Amritsar said they had received phone calls from some of the Indian workers on Sunday, five days after Mosul was captured.
Gurprender Kaur said her brother called and told her the workers were alone, in trouble and needed help. She did not give any further details about that call on Sunday, or say when she had last heard from him.
Another woman cried and clutched a family photograph as she spoke with Indian journalists in Amritsar about her missing son.
"Our children are in trouble. We want them back safe and sound," Ranjeet Kaur told Indian TV news agency NNIS. "We want the government to help us."
There are about 10,000 Indian citizens working and living in Iraq, but only about 100 are in violent, insecure areas, Foreign Ministry spokesman Akbaruddin said.
That includes 46 Indian nurses working in a hospital in the Iraqi town of Tikrit, but Akbaruddin said humanitarian organizations had been in touch with them and they were all safe.
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40 Indian construction workers kidnapped in Iraq
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ENID, Okla. There was no music, no sermon and no one at Enid First Church of the Nazarene on Sunday morning.
We didnt go to church this morning, Pastor Bruce Johnson said. Ive been preaching to my people about being the church and loving on people, doing acts of kindness. So thats what we did today, instead of going to church and sitting in a building.
The whole emphasis was dont go to church, go put your faith into action.
Approximately 130 church attendees headed to a neighborhood in east Enid to clean up debris from yards, mow eight lawns, clean out a window air conditioning unit and scrape, prime and paint a house.
Johnson said the church also served a free lunch and held a church service for the community at Garfield Elementary School.
Some church members went to a local nursing home, where they held a church service and served communion.
The church started the Garfield Neighborhood Initiative almost four years ago, after the construction of Garfield Elementary School was announced, Johnson said.
We went into the neighborhood and helped them start to clean up their neighborhood and prepare for that new school, he said.
While the church had been working in the neighborhood for nearly four years, the initiative had kind of died down in the past year, Johnson said.
Sunday was a kick-off day to get the initiative going again, he said.
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Church helps residents in east Enid
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