Both men are charged with fraud over $5,000 (Section 380(1)(a) of the Criminal Code of Canada) and theft over $5,000 (Section 334(a) of the Criminal Code of Canada). In fact unsuspecting (gullible) investors in Canada and the USA may have been defrauded of well over one million dollars by the Ponzi scheme designed by this pair. A Ponzi scheme is an investment swindle in which high profits are promised & early investors are paid off from funds raised from later ones. It was named after Italian speculator Charles Ponzi, who organized such a scheme in 1919-1920.
You can read more about this investigation at CBC news.
Return on investment is something we seldom consider outside the monetary arena yet it is relevant. My parents worked at common laborious vocations in order to provide for their family of three sons. Each of us sons received post high school education, and since faith in God was central to our lives each of us also independent from one another chose to work in an area of Christian service. My parents never ceased to derive deep satisfaction from what they considered a priceless return on their investment.
When I think of the squandered years and the distress that each of these men will face in the years ahead, I conclude that their alleged investment in deceit will be valueless and destructive. Spiritual principles direct us to invest in an economy with the highest rate of return rather than running the risk of losing everything of real value. In fact we do not have the faculties now to fully appreciate what God is preparing to deliver to those of us who love him exclusively now. That’s the way I see it.
"Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be also… You cannot serve both God and Money” Matthew 6:19- 21, 24
"None of the rulers of this age understood it, for if they had, they would not have crucified the Lord of glory. However, as it is written: "No eye has seen, no ear has heard, no mind has conceived what God has prepared for those who love him" but God has revealed it to us by his Spirit. 1 Corinthians 2:8-9
"Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless." Ecclesiastes 5:10
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Top Photo: Gary Sorenson
Second Photo: Charles Ponzi