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Non-Tech : Gambling, The Next Great Internet Industry

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To: kidl who wrote (670)	8/9/2001 9:04:54 AM
From: Herc	of 827

This is a wonderful rebuttal for the sanctimonious internet gaming opponents in the religious right. <<August 8, 2001 Fla. Preacher Sentenced to 19 Years By THE ASSOCIATED PRESS Filed at 10:51 p.m. ET TAMPA, Fla. (AP) -- A preacher who promised investors that God would double their money was sentenced Wednesday to more than 19 years in a federal prison. Patrick Talbert, 53, an official in Greater Ministries International and a key player in the church's $448 million Ponzi scheme, was convicted on multiple counts of fraud, conspiracy and money laundering in a scam in which hundreds of millions of dollars disappeared. Talbert sold the Greater Ministries' investment plans and trusts in ``roadshows'' that traveled the country. Greater Ministries is accused of swindling mostly fundamentalist Christians from about 1993 to 1999 when the church disintegrated in financial ruin. Talbert was paid $500,000 for selling investment plans. Church leaders invested some of the money in failed gold and diamond mines. The church had allegedly crafted plans to buy a Caribbean island, arm it and declare it a sovereign nation. Talbert and four other Greater Ministries officials were convicted in March. Talbert is also serving a state prison sentence in a separate marketing scam that preyed on the elderly. ``I'm sorry for the harm I have caused all these folks,'' Talbert said. ``My heart was not in hurting people.'' Among the many unanswered questions in the case is what happened to investors' money. U.S. District Judge James Whittemore urged Talbert to help investigators find the money and perhaps earn himself a reduction in the long sentence. ``There are a lot of people who love and respect you and want you near them,'' the judge said>>

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