This year seems to be a harvest year, and the harvest was indeed plentiful. The leading Christian ministries headquartered in the United States were fleeced of hundreds of millions of, no not wool, but millions of your hard earned dollars. By being able to drop names like Rockefeller, Billy Graham, etc. as references, John G. Bennett was able to convince the financial officers of the leading Christian organizations to invest hundreds of millions of believers money into a fund called New Era. The idea is to take the money the latter investors give to pay off the earlier investors. Then the news goes out that this thing really works.
Greedy people looking for a quick dollar are usually the only ones who fall for such a scheme.
An accountant from one of the Christian Colleges saw through this scheme and recommended his college not participate. They rejected his suggestion. He followed up on his hunch, reported his finding to the proper federal authorities and the hammer came down. It was a scam. International Inter-Varsity Christian Fellowship Salvation Army Walk Through the Bible Ministries Young Life Moody Bible Institute Christian Broadcasting Network Wheaton College Chapel of the Air . .