Christ Church Construction Promo 3
Construction progress as of June 20 2014.
By: Loren Zimmer
Here is the original post:
Christ Church Construction Promo 3 - Video
Christ Church Construction Promo 3
Construction progress as of June 20 2014.
By: Loren Zimmer
Here is the original post:
Christ Church Construction Promo 3 - Video
Investors will get 70 cents for every dollar they invested in an $85 million Ponzi scheme operated by a fundraising branch of the Church of God.
A federal judge in Indianapolis on Monday gave final approval to the terms ending the case. As part of those conditions, U.S. District Judge David Hamilton also granted permission for properties causing a financial drain on Church of God assets to be abandoned. The case is expected to be finalized in September or October.
Court documents said the Securities and Exchange Commission filed suit against the church's prior fundraising organization in 2003, alleging it had defrauded investors who believed their money would go to church-related construction.
Instead, the judge said the leaders of the former fundraising organization used the money raised to make interest and principal payments to prior investors to cover up bad business decisions, The Herald Bulletin reported.
"It's more of the same old cliche, if you find yourself in a hole, stop digging," Hamilton said.
The 70-percent payback will go to unsecured investors. Under those terms, someone who invested $100,000 could receive about $70,000 back.
Much of the money has already been repaid. Hamilton has approved a final installment of about $750,000 before the case is closed. Any unclaimed funds would then go to the unclaimed property division of the Indiana attorney general's office.
Records show more than $73 million was recovered from the liquidation of church assets and other funding such as private contributions. However, part of that went for professional fees associated with the case.
Hamilton called the recovery of funds "extraordinary."
Frank Johnson, president of the Reconstituted Board of Church Extension, said the new fundraisers were determined to recover as much money as possible for church members who had invested their money.
View post:
Investors in church-related fraud to get most of their money
Investors will get 70 cents for every dollar they invested in an $85 million Ponzi scheme operated by a fundraising branch of the Church of God.
A federal judge in Indianapolis on Monday gave final approval to the terms ending the case. As part of those conditions, U.S. District Judge David Hamilton also granted permission for properties causing a financial drain on Church of God assets to be abandoned. The case is expected to be finalized in September or October.
Court documents said the Securities and Exchange Commission filed suit against the church's prior fundraising organization in 2003, alleging it had defrauded investors who believed their money would go to church-related construction.
Instead, the judge said the leaders of the former fundraising organization used the money raised to make interest and principal payments to prior investors to cover up bad business decisions, The Herald Bulletin reported.
"It's more of the same old cliche, if you find yourself in a hole, stop digging," Hamilton said.
The 70-percent payback will go to unsecured investors. Under those terms, someone who invested $100,000 could receive about $70,000 back.
Much of the money has already been repaid. Hamilton has approved a final installment of about $750,000 before the case is closed. Any unclaimed funds would then go to the unclaimed property division of the Indiana attorney general's office.
Records show more than $73 million was recovered from the liquidation of church assets and other funding such as private contributions. However, part of that went for professional fees associated with the case.
Hamilton called the recovery of funds "extraordinary."
Frank Johnson, president of the Reconstituted Board of Church Extension, said the new fundraisers were determined to recover as much money as possible for church members who had invested their money.
More here:
Investors in church-related fraud to get some money
Appliance Repair, Union, NJ, (908) 279-8931
Appliance Repair, Us Highway 22 E, Union, NJ, (908) 279-8931, Specializing in Appliance Repair services. Servicing Refrigerator, Oven, Stove, Washer, Dryer, ...
By: Mickey Hidalgo
Read more:
Appliance Repair, Union, NJ, (908) 279-8931 - Video
Whirlpool Repair, St Charles, IL (630-443-0006)
Same day service. We Repair Whirlpool Dryers, Whirlpool Washers, Whirlpool Stoves, Whirlpool Ovens, Whirlpool Refrigerators, Whirlpool Dishwashers, Whirlpool Ranges, and any other Whirlpool...
By: Appliance Repair
Read the original:
Whirlpool Repair, St Charles, IL (630-443-0006) - Video
BEST Commercial Appliance Repair Schertz TX, CALL (210) 201-2518 |HVAC|Stove|Oven|Fryer|Fridge
BEST Commercial Appliance Repair Schertz TX, CALL (210) 201-2518 |HVAC|Stove|Oven|Fryer|Fridge http://youtu.be/FsRDXgj8JRc Our Local Equipment is a service based company that specializes...
By: Floyd S. Crowley
See the rest here:
BEST Commercial Appliance Repair Schertz TX, CALL (210) 201-2518 |HVAC|Stove|Oven|Fryer|Fridge - Video
Emergency Appliance Repair Jamul CA, (619) 273-5838 |24Hour|hvac|AC|Fridge|Refrigerator
Emergency Appliance Repair Jamul CA, (619) 273-5838 |24Hour|hvac|AC|Fridge|Refrigerator http://youtu.be/U4MZtEts7lk Our Local Equipment is a service based co...
By: Floyd S. Crowley
Read more:
Emergency Appliance Repair Jamul CA, (619) 273-5838 |24Hour|hvac|AC|Fridge|Refrigerator - Video
#1 Sub Zero Repair NJ, (201) 241-3150 Refrigerator|Appliance|Service|Fridge|Subzero
1 Sub Zero Repair NJ, (201) 241-3150 Refrigerator|Appliance|Service|Fridge|Subzero http://youtu.be/HbJEbHVWe90 Our Local Equipment is a service based company that specializes in restaurant...
By: Restaurant Commercial Appliance Repair
See the rest here:
#1 Sub Zero Repair NJ, (201) 241-3150 Refrigerator|Appliance|Service|Fridge|Subzero - Video
Stove Repair Atlanta | 404-620-6669 | Gas Stove Repairs Atlanta
Stove Repair Atlanta - http://ApplianceRepairProsAtlanta.com - Gas and Electric Stove Repair Services in Atlanta GA Give us a Call today at 404-620-6669 When you need expert appliance service...
By: James Conley
Originally posted here:
Stove Repair Atlanta | 404-620-6669 | Gas Stove Repairs Atlanta - Video
This post comes from Stacy Johnson at partner site Money Talks News.
Over the 20-plus years Ive been doing consumer news, I've done several stories about extended warranties and service contracts. They've mostly been negative.
My opinion has always been these add-ons are merelyprofit centers for retailers and rarely worth the money.
Recently, however, I began questioning that advice, not because the service contracts are better, but because some products they protect are getting worse.
Here's a look at this week's reader question.
Are service plansworth it?
We've all been there: You're at the checkout buying anything from a cellphone to a dishwasher, and the salesperson launches into a newpitch. "Don't you want an extended warranty/service plan to protect you from expensive repairs?"
There's a reason these pitches are so intense. These post-sale policies come withmarkups of 50 percent or more, typically a much higher profit margin than the retailer makes from the product itself. That profit margin alone should tell you something -- namely, lots more money is being taken in than is being paid out for repairs.
Other reasons to just say no:
They don't make 'em like they used to
Originally posted here:
Ask Stacy: Are extended warranties worth it?