Weblog: Couple Charged with $5 Million Fraud Appealing to Christian Investors
Plus: Combating anti-Semitism in Europe, sharia law in Canada
Compiled by Rob Moll | posted 4/01/2004 12:00AM
Armand DeAngelis and his wife Marcela Ospina Cardona from Miami, Florida, were charged this week for allegedly conning up to $5 million from Christians by selling gold coins for two or three times their worth.
The couple apparently owned a company that sold gold coins, calling itself ''the leading Christian gold dealer." The company claimed its coins would double or triple their value in a matter of months, based on the judgment of another company the couple owned.
According to the Miami Herald, "'From in or around March 2000 through in or around June 2003, the defendants raised over $5 million through the sale of supposedly rare gold coins worldwide."
The couple took out ads in Christian magazines including World, The American Prospect, Christianity Today, Pulpit Helps, and Christian Parenting Today. Respondents to the ads were told "of an alleged impending financial crisis facing the economy while touting the purported benefits of investing in gold," the Herald said.
The couple raised more than $5 million between March 2000 and June 2003. They live in a $3.5 million home. DeAngelis is scheduled for an unrelated hearing for the violation of probation following a 1991 securities-law conviction in New Jersey, according to the Miami Herald.
One customer bought a set of four coins for $3,560, when the coins were actually worth $37.50. The defense attorney told the Herald that the value of investment coins is subjective.
An attorney for one of the plaintiffs in the case told the Associated Press that DeAngelis "has done awful, awful things to people from all over the country. He pretends to be a born-again Christian."
More articles
Anti-Semitism:
-
Berlin talks tackle anti-Semitism | A major conference on anti-Semitism has opened in Berlin with calls for renewed efforts to fight the problem. (BBC)
-
Conference looks to fight anti-Semitism | Nobel laureate Elie Wiesel warned European and North American countries Wednesday that anti-Semitism is on the rise and fervently urged them to keep "the poison from spreading." (Associated Press)
-
'Israel's actions don't justify anti-Semitism' | Jewish leaders won a major victory in Europe Thursday with the announcement of a major European political body, that Israel's actions do not justify anti-Semitism. (Jerusalem Post)
-
Ending a 'deadly hate' of Jews | At Berlin forum, Powell and other diplomats pledge vigilance (Washington Post)
-
Halting the new hatred | Two years ago members of Congress and the German Bundestag launched a joint project that will come to fruition this week in Berlin. More than 500 representatives from the 55-nation Organization for Security and Cooperation in Europe (OSCE) are meeting to formulate an action plan to tackle the growing problem of anti-Semitism. (Gert Weisskirchen and George Voinovich, Washington Post)
-
Security summit urges unity against rising anti-semitism | Anti-semitism is on the rise and to defeat it will take coordinated action by many countries, speakers told an international conference on the subject yesterday. (Reuters)
-
Christian scholars gather to study dangers of Zionism | Over 600 Christian bible scholars, religious leaders and peace activists representing 32 countries, have gathered in Jerusalem's Notre Dame Centre to look at ways of challenging Christian Zionism. (Palestine Chronicle)
Islam in Europe:
-
European Muslims search for identity | As the European Union gets bigger and more diverse with the entry of 10 new members in less than a week, the question of European identity and minorities will once again spring to the fore - including that of Europe's largest religious minority, the Muslims. (BBC)
April (Web-only) 2004, Vol. 48