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.
Continue reading this story >>
Become a Christian News Network Supporter…
Dear Reader, has ChristianNews.net been of benefit and a blessing to you? For many years now, the Lord has seen fit to use this small news outlet as a strong influential resource in keeping Christians informed on current events from a Biblical worldview. With much compromise and many falsehoods in modern-day Christianity, we strive to bring you the news by keeping Christ and His word in focus. If you have benefited from our news coverage, please prayerfully consider becoming a Christian News supporter by clicking here to make a one-time or monthly donation to help keep the truth of God’s word widely and freely published and distributed. May Christ continue to be exalted through this work!
Jesus Christ is King
Comments are closed.