False ‘missionary’ raised $30M for Bibles—then blew it on diamonds and gambling: DOJ
(Daily Beast) — Federal authorities have launched an international manhunt for a Georgia everyman-turned-fugitive who is being sought for an alleged scheme that redirected more than $30 million from Christian charities meant to be spent on Bible distribution in China.
According to a federal indictment unsealed Tuesday, 45-year-old Jason Gerald Shenk took more than $33 million in donations from charities and individuals—money that he allegedly promised to use for producing and distributing Bibles and Christian literature—and spent it on a slew of expensive personal purchases.
Shenk allegedly spent about $1 million on diamonds and precious metals, $7 million on his family farm, $320,000 on real estate in Chile, $4 million on 16 life insurance policies, $850,000 on shares of a private U.S. nuclear company, $820,000 on credit card payments and $1 million deposited in an online sports betting site—which was subsequently shut down for fraudulent activity.
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