Starting in 2001, YWAM Thailand, through leader Stephen Goode, invested $62,090. In 2010, Sweden brought criminal action against Westergard, charging him with defrauding 29 plaintiffs, including his son-in-law, a member of the Swedish Parliament.
But YWAM International Chairman Lynn Green says investors made private decisions and YWAM has no organizational involvement or responsibility in the case.
To enhance NCI's cachet, one document cited minimum investments of $10 million while saying some traders required $100 million. Target demographics: to increase access to health care..
When the Pauws returned the following summer, Spruyt repeated the suggestion. In 1998, the Pauws went to Le Rucher-then associated with Youth With a Mission (YWAM)-with their evangelical church in Ermelo, the Netherlands. photograph. This means faith-based fraud and theft "are growing at a rate 4.5 times greater than Christianity as a whole," Johnson says. "The invested monies have not been placed on the financial market or in any investment pro-gram but rather have primarily been used for Kristian Westergard's and others' overhead as well as the reimbursement of other investors," the judges wrote.
Look what good he does: he has been supporting Mercy Ships and other Christian projects.'
To learn more about this medical charity, please visit our website today!
It had the potential to generate enough income to support the couple. Now doing temp work in addition to a part-time office position, the resident of Cuxham, Wallington, says her two children will have to rely on loans for college. A spokesman for the Mercy Ministries board, which oversees Le Rucher, said, "At no time during any of these matters has Mr. Spruyt been charged with any wrongdoing. Jun 2018 23,. NCI, imitating the name of a European-based group of private equity funds (Nordic Capital), promised high-yield, risk-free returns. It's a real shame." I think it's very important to tell people where the money went." Goode also invested $250,000 in personal funds. Non sono state trovate recensioni corrispondenti alla tua ricerca per questa azienda.Seleziona un'altra lingua e leggi altre recensioni. To see more documents/articles regarding this group/organization/subject
All. MSC Continues Support for Mercy Ships on 2018 Cargo Day | MSC photograph. Seymour is particularly upset over Spruyt's silence in 2005, when payments started to dwindle, prior to her renewing a contract in 2006. The organization has received 4, … Currently, the Africa Mercy is the only Mercy Ship in service, but it represents greater capacity than all prior hospital ships combined. NCI's methods mirrored the 1990s-era Foundation for New Era Philanthropy, a Pennsylvania-based scam that victimized hundreds of individual Christians, seminaries, and other charities. Mercy Ships has been rated by Charity Navigator for 16 years and receives 4 out of 4 stars.
It's different people, different victims, and different contexts."
Initially, the investment looked promising. We have to keep these cases in front of believers. "It's a human activity," Johnson says.
This amount of financial fraud outstrips the $31 billion given annually to missions worldwide. Its founder, John G. Bennett Jr., is on probation after serving his prison sentence.
Yet as early as 2001, Spruyt raised questions about tardy payments. Mercy Ships is an international relief organization that operates hospital ships in different parts of the world. Westergard first offered promises, followed by different explanations for why he couldn't return their money. No one is immune.
(Spruyt was not a plaintiff at the Swedish trial.) Westergard, whose attorney did not respond to CT's interview request, is appealing the fraud conviction.
We have found a powerful way to share our blessings and our hope is that you will do the same. At a minimum, a full accounting of the missing money would bring Jan and Henny Pauw some peace of mind.
Mercy Ships has been criticized recently for high salaries paid to its top officers. Other documents show that in 1999, Stichting Mercy Ministries Netherlands, a YWAM associate, invested $117,000. They were all living in England.
Mercy Ships demonstrates remarkable integrity and innovative thinking. In a 2001 e-mail with a sample NCI contract, he said, "If you want to take this seriously then this is the procedure that I recommend to you with the amount you want to invest."
Other court evidence lends support to O'Donnell's assertion. Spruyt attorney Calvin Huge told CT that his client was also defrauded by NCI.
I have been able to let my children go through university debt free." They told CT that if the truth comes out, other Christians would learn from their great financial misadventure. Mercy Ships receives 91.45 out of 100 for their Charity Navigator rating. "All we have now is our old-age pension and a small pension from my work as an industrial chemist," Pauw says.
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