U.S. Attorney Warns of Church-based Fraud Schemes

The Department of Justice is seeing more church-based investment fraud in the Nashville area, and a rise in financial schemes across the country generally. This year, the U.S. Attorney’s Office for the Middle District of Tennessee has made indictments totaling $60 million. According to U.S. Attorney Jerry Martin, many of these schemes involve a church-goer who uses his or her fellow members as sources to invest in a phony product or money-making opportunity. He reminds Tennesseans that if it sounds too good to be true, it probably is. An event today at the Vanderbilt Law School is designed to educate the public about investment fraud. Read more from WPLN