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September 24, 2021

Posted  September 24, 2021

The former pastor of the Church of the Healthy Self has been sentenced to 14 years in federal prison and ordered to pay over $22.5 million in restitution for orchestrating an investment scam that defrauded church members of more than $33 million over a five-year period.  To solicit investments for the church’s investment arm, CHS Trust, church representatives under Kent Whitney’s direction appeared on television and live seminars and made false and misleading statements that were often recorded and uploaded to YouTube.  The statements included guaranteeing a 12% annual rate of return and return of principal with no risk, and claiming that the trust was audited by KPMG.  USAO CDCA

Tagged in: Criminal Proceedings, Financial and Investment Fraud,