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AROUND THE WEB

Associated Press
August 12, 2006
Rachel Zoll

Religion-related fraud getting worse

...Billions of dollars has been stolen in religion-related fraud in recent years, according to the North American Securities Administrators Association, a group of state officials who work to protect investors.

Between 1984 and 1989, about $450 million was stolen in religion-related scams, the association says. In its latest count — from 1998 to 2001 — the toll had risen to $2 billion. Rip-offs have only become more common since.

Also see:

Faith based watch

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