ChristianityTodayLibrary.com
Member Login  |  E-mail:  Password    Not a member?  Join now!
home
 Search:  browse by topicbrowse by publicationhelp

Seminary &
Grad School Guide
Search by Name
 

or use:
Advanced Search
to search by major, region, cost, affiliation, enrollment, more!

Search by
Location & Setting
Programs & Degrees
Enrollment
Affiliation
Athletics
Costs, Scholarships & Grants
List All Schools


Member Services
My Account
Contact Us
Christianity TodayJanuary 11 1999

FREE ARTICLE PREVIEW

 ARTICLE TOOLS


A Gospel Gold Mine or a Sinking Pyramid?
Greater Ministries International promises eye-popping returns, but investigators suspect a Ponzi.



Depending on whom you talk to, the Greater Ministries International Church (GMIC) is either the biggest religious Ponzi scheme since the Foundation for New Era Philanthropy scandal or God's greatest gift to Christian missions in decades.

Organizationally, GMIC offices are in Tampa, Florida, where services are held several times each week, but the ministry is incorporated in the Cayman Islands. Staff members give varying answers as to its inception, ranging from 1968 to 1988. It claims to have several hundred "affiliate" churches but is not a denomination. Its founders share many of the ideas of the "common law" and militia movements, and several have prison records. But all insist they are not antigovernment. GMIC appears to handle multimillions of dollars in donations to its "Faith Promise Plan" but operates largely in cash and makes no annual reports or other financial figures available, even to members. As its founder and leader, Gerald Payne, told an Ohio audience last year, "For those who really want a financial statement, I can get you one—we're doing real good!"

MULTIPLE INVESTIGATIONS:

Such a response did not satisfy the Pennsylvania Securities Commission, which issued a cease-and-desist order against GMIC in 1995 that it renewed in 1996. In November, state Attorney General Mike Fisher charged in Harrisburg that GMIC is engaged in "fraudulent activity in the name of religion" and obtained an injunction ordering it to stop soliciting new donors in Pennsylvania.

Similar cease-and-desist orders have been issued by authorities in Ohio and California. In late 1997, one of the church's key leaders, Patrick Henry Talbert, was indicted on 15 counts of fraud, racketeering, and grand theft, and has since left the group.

After ...



Are you a CTLibrary member or a Christianity Today subscriber with archives privileges?
To read the rest of this article, log in here:
E-mail  Password  

If you're a Christianity Today print subscriber...
...but have not yet registered for online access to CTLibrary.com, you can receive a full-year's access for just $29.95!

Register Here
 If you're NOT a Christianity Today print subscriber...
You're entitled to a special, introductory offer for new subscribers only! Subscribe now and receive a one-year Christianity Today print magazine subscription and one-year access to all Christianity Today archives for just $39.95!

Subscribe now!


Subscribe!

Subscribe to Christianity Today
Risk-free trial issue

Give a gift subscription


Shopping
ChristianBook.com
  Books|Music|Videos|Gifts

Bible Studies
Christian History
Leadership Training
Small Group Resources

Featured Items




















Subscribe to CTDirect
Get CT headlines in your mailbox every day!




ChristianityToday.com
HomeCT MagChurch/MinistryBible/LifeCommunitiesEntertainmentSchools/JobsShoppingFree!Help
Magazines:
Books & Culture
Christian History & Biography
Christianity Today
Church Law Today
Church Treasurer Alert
Ignite Your Faith
Leadership Journal

Men of Integrity
MOMsense
Today's Christian
Today's Christian Woman
Your Church
ChristianityTodayLibrary.com
Resources:
BuildingChurchLeaders.com
ChristianBibleStudies.com
Christian College Guide
Christian History Back Issues
Christian Music Today
Christianity Today Movies

Church Products & Services
Church Safety
ChurchSiteCreator.com
PreachingToday.com
PreachingTodaySermons.com
Seminary/Grad School Guide


Christianity Today International
www.ChristianityToday.com
Copyright © 1994–2008 Christianity Today International
Privacy Policy | Contact Us | Advertise with Us