Churches need to be aware of Wolves in their midst
Fraud targeting Christians is an epidemic. Of the $40 billion that Americans lose to investment fraud every year, fraud against the faithful accounts for as much as $1 billion of it. Antiquated notions of why churches fall victim to fraud are at least partially responsible for the epidemic. Old adages like, “If it sounds too good to be true, it probably is,” are not only useless as protection against fraud, but also dangerous. Church executives concerned with sound financial stewardship and protecting the flock must reach beyond trite axioms. In this post-Madoff world, where scam artists are smarter and their schemes harder to spot, church leaders must adopt a pro-active, 21st century approach to protecting their church.
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