Friday, February 02, 2007

Swindling the Swindlers

From the Feb. 1st Dallas Morning News:

A federal judge on Wednesday sentenced a former Canton ceramics salesman to 40 years in prison for swindling millions from hundreds of Christian investors.

U.S. District Judge Barbara Lynn had harsh words for Gregory Setser, 50, whose four-month trial last year produced a parade of ruined investors - who together lost more than $60 million - that she found "terribly disturbing."

"This crime is as horrific as a crime of violence," Judge Lynn said. "It was a giant holdup."

...Targeting mostly Christian investors, including televangelist Benny Hinn, through churches and other groups, Mr. Setser claimed that his company, IPIC Investments, could produce up to 50 percent returns by buying cheap, foreign-made products that would be sold to major U.S. retailers such as Michaels, Hobby Lobby and Costco.
My question is, how many years should Benny Hinn get for swindling his followers?

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