Comments on: When the government can’t investigate fraud http://www.sequenceinc.com/fraudfiles/2008/10/22/when-the-government-can%e2%80%99t-investigate-fraud/ Sat, 20 Mar 2010 22:05:23 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: SANDRA ASEREMO http://www.sequenceinc.com/fraudfiles/2008/10/22/when-the-government-can%e2%80%99t-investigate-fraud/comment-page-1/#comment-166481 SANDRA ASEREMO Sat, 25 Oct 2008 13:57:41 +0000 http://www.sequence-inc.com/fraudfiles/?p=2680#comment-166481 I have gave up on the government. From the police, district attorney , IRS, FBI etc. I have contacted all of them and none of them want to investigate. Here are the simple fact of what happened. My former pastor raised money to buy a church building. This is a church of 150 people. Extremely small church. A lot of people sacrificed and gave. The building cost $845,000. This was in 1998. Then My former pastor took out an equity of $510,000. The very next year. Nobody knew it except one person in the church office because he has to sign it too. As time goes by,equity grew. My former pastor is also the chief financial officer of a huge Ministry. So to get more money(equity) out, he had the church property transfer to this Huge ministry. Nobody knew that the building does not belong to the small church any longer. except again this one same person who works in the administrative staff. And sure enough, my former pastor kept draining the equity of the building and in the meantime kept asking from the church for donation for the building funds. In the meantime also, my former pastor bought a $1.13 million home. Since he is also the chief financial officer of a huge ministry, not just our senior pastor. He is in charge of this huge ministry money. The worldwide churches are required to donate 10% of their tithes. And he also is in charge of another ministry called World partner. World Partner is supposedly another ministry to fund the missionaries worldwide. Guess where all those money went ? TO his pockets and all his close friends pockets within this ministry. So what you are looking is like a Mafia church/ministry. Remember the person who signed the building over to the huge ministry ? yea , he was in the pockets too. Earning 6 figure income to do his bidding. My former pastor was earning $603,000 a year. His boss was making $800,000. And a lot of his friends within the ministry were earning $150,000 - $225,000. All of those money came from the worldwide tithes and World Partner ministry and some of it from the equities of our building. Now one of their friend is also doing the same thing as my former pastor is doing. He has his own ministry called Malachi Foundation. Malachi Foundation according to the IRS is to raise money for the poor , widows and the orphans and some allowance to the pastors. And guess where the money went ? Same people, to my former pastor and his boss. Its called money laundering. Its right there on file 990. Because my former pastor daugther was caught sleeping a another pastor who is married with 3 kids, he has to step down. The associate pastor has to take over the church. He was also paid in 6 figure income to NOT to question anything. When my former pastor step down and fled to Florida, thats when everybody realized that the building does not belong to the church. And all the building funds have disappeared. And the administrative person who signed the building over to the Hige Ministry is gone too. By this time, the same people who were being paid huge amount of salary, had made a few investigation themselves that sure enough, they are overpaid. That all of those money came from the missions. Some of the people who works directly for my former pastor, who knew the fraud going on, immedietly resigned. Because none of them want to be questioned. BUT Nobody wants to call the IRS or report to the police, because ALL of them were embarassed at the financial scandal at a huge scale. The loss is over $30 million in the span of 10 years. The church building was sold for $3 million. They received $800,000. The church received only $500,000. from the sale. The Huge Ministry kept $300,000 . What my former pastor doing right now ? starting a new church. Called Storyteller church in Irvine Ca I have gave up on the government. From the police, district attorney , IRS, FBI etc. I have contacted all of them and none of them want to investigate. Here are the simple fact of what happened. My former pastor raised money to buy a church building. This is a church of 150 people. Extremely small church. A lot of people sacrificed and gave. The building cost $845,000. This was in 1998. Then My former pastor took out an equity of $510,000. The very next year. Nobody knew it except one person in the church office because he has to sign it too. As time goes by,equity grew.

My former pastor is also the chief financial officer of a huge Ministry. So to get more money(equity) out, he had the church property transfer to this Huge ministry. Nobody knew that the building does not belong to the small church any longer. except again this one same person who works in the administrative staff.

And sure enough, my former pastor kept draining the equity of the building and in the meantime kept asking from the church for donation for the building funds. In the meantime also, my former pastor bought a $1.13 million home.

Since he is also the chief financial officer of a huge ministry, not just our senior pastor. He is in charge of this huge ministry money. The worldwide churches are required to donate 10% of their tithes. And he also is in charge of another ministry called World partner. World Partner is supposedly another ministry to fund the missionaries worldwide. Guess where all those money went ? TO his pockets and all his close friends pockets within this ministry.

So what you are looking is like a Mafia church/ministry. Remember the person who signed the building over to the huge ministry ? yea , he was in the pockets too. Earning 6 figure income to do his bidding.
My former pastor was earning $603,000 a year. His boss was making $800,000. And a lot of his friends within the ministry were earning $150,000 – $225,000.

All of those money came from the worldwide tithes and World Partner ministry and some of it from the equities of our building.

Now one of their friend is also doing the same thing as my former pastor is doing. He has his own ministry called Malachi Foundation. Malachi Foundation according to the IRS is to raise money for the poor , widows and the orphans and some allowance to the pastors.

And guess where the money went ? Same people, to my former pastor and his boss. Its called money laundering. Its right there on file 990.
Because my former pastor daugther was caught sleeping a another pastor who is married with 3 kids, he has to step down. The associate pastor has to take over the church. He was also paid in 6 figure income to NOT to question anything.

When my former pastor step down and fled to Florida, thats when everybody realized that the building does not belong to the church. And all the building funds have disappeared. And the administrative person who signed the building over to the Hige Ministry is gone too.

By this time, the same people who were being paid huge amount of salary, had made a few investigation themselves that sure enough, they are overpaid. That all of those money came from the missions. Some of the people who works directly for my former pastor, who knew the fraud going on, immedietly resigned. Because none of them want to be questioned.

BUT Nobody wants to call the IRS or report to the police, because ALL of them were embarassed at the financial scandal at a huge scale. The loss is over $30 million in the span of 10 years.

The church building was sold for $3 million. They received $800,000. The church received only $500,000. from the sale. The Huge Ministry kept $300,000 .

What my former pastor doing right now ? starting a new church. Called Storyteller church in Irvine Ca

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