Monday, October 25, 2004

MSNBC - Scammers can't pin this one on God

MSNBC - Scammers can't pin this one on God

Two women were convicted of running a religion-laced scam that duped more than 1,000 investors out of nearly $2 million by promising a cut of the late Philippines President Ferdinand Marcos’ fortune.

The story goes to tell that one of the two women, lived in a posh $5,000 a month hotel room since 1999. And that when they got caught, some of the victims, who already paid $1,000 each, still wanted to help them believing that this conviction will not help them get the returns on their investment. The expected returns? $1 million for each $1,000 invested.

--andoy

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