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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Oct 27, 1998

Page

22

Christian minister fraud case roils Orlando investors

The Orlando affair centers on Jonathan Strander of Sovereign Ministries International who raised 11 to 14 million dollars from more than two thousand Christians nationwide with promises of 360 percent returns and church-building gifts abroad. Investigators say the scheme resembled a pyramid plan, with early investors paid from later funds. only about 12 million returned while 412 million was kept as commissions. Strander and ambassadors faced fraud charges. the ministry was placed under receivership as assets worth 865 million were traced, and victims faced losses.

Orlando Fla Jonathan Strander Diane Frank Smith United States Strander Sovereign Ministries International Strawder Kenya Poland Smiths Florida State Comptroller’s Office Sovereign Ministries Chicago Jon Smith

Prosecution argues publicity taints Bennett trial in Syracuse

Prosecutor says publicity makes a fair trial impossible in Syracuse and that Bennett cannot easily switch lawyers. He notes Bennett offered to pay his own counsel, but another attorney would not be up to speed. Bennett’s firms raised far more from investors than actual leases, with $15 billion in inflated leases and loans. Alleged transfers hid losses from auditors, moving funds to Bennett Management and Development Group co owned with his brother.

Bennett New York New Jersey Bennett Funding Group Bennett Management and Development Group

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