Southern Baptist Foundation Scheme in Arizona
10/02/2006 | Share this article:
Investors Lost Millions in Church Fraud — Executives Sentenced PHOENIX -- In 1999, Richard Kimsey and his wife, Susan, deposited $100,000 with a Phoenix-based Southern Baptist agency that promised to do the Lord's work. A few days later, the Kimseys' money had all but vanished. And when Richard Kimsey, a Southern Baptist pastor, spoke out against the foundation that had defrauded him, he received death threats, the words "white trash" were painted on his house, and half his congregation abandoned him.
"Money is not the issue," Susan Kimsey said. "This has been a black mark on Christianity as a whole."
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