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Michigan pastor who used faith to trick people out of millions of dollars faces fraud charges

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The U.S. Securities and Exchange Commission announced on Thursday it is pursuing fraud charges against a pastor based in Flint, Michigan who stands accused of exploiting members of the church, retirees, and auto-workers who have been laid off.

According to a statement released by SEC, 59-year-old Pastor Larry Holley used faith-based rhetoric to mislead individuals into investing in what they thought was a “successful” real estate business. Holley’s assets have been frozen along with the fraud charges.

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Holley allegedly told individuals he had targeted for investments that he prayed for their children, and claimed to be more trustworthy with their money than a “banker.”

He also attracted prospective investors by holding financial presentations at churches across the country, but called them “Blessed Life Conferences” to attract people. At the conferences, Holley would ask attendees to fill out cards with information about their financial holdings, inviting them later to have one-on-one consultations. Holley referred to these individuals as “millionaires in the making,” according to the SEC statement.

The complaint notes that Holley’s company Treasure Enterprise LLC and his associate Patricia Enright Gray obtained $6.7 million in investments from over 80 people, who were told “they were investing in a profitable real estate company with hundreds of residential and commercial properties.”

Holley’s partner, Gray, reportedly singled out laid-off auto-workers for investments during a religious advertisement she made on a Flint radio station.

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“Holley and Gray targeted the retirement savings of churchgoers, building a bond of trust purportedly based on faith but actually based on false promises,” said David Glockner, who is the director of the SEC’s Chicago Regional Office.


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Trump has figured out how to get taxpayers to renovate one of his golf courses: MSNBC panel

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President Donald Trump has figured out how to have taxpayers pay to renovate his Trump National Doral Miami golf course, according to an analysis by MSNBC's Stephanie Ruhle.

"Before setting himself on fire on Ukraine yesterday, Mick Mulvaney came into the White House briefing room to break to the nation the fact the that the Trump Doral golf resort turns out to be -- in his estimation, organically, just sitting there -- the best possible place to have a G-7 Summit of world leaders," MSNBC's Brian Williams reported. "That was provision number one. There’s no better place that we can find. Number two was, the president will not profit from said G-7."

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Bill Maher reveals plan to ‘bribe’ Trump with one billion dollars — for him to leave office

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The Constitution has two mechanisms to remove President Donald Trump from office prior to his term ending on January 20, 2021: impeachment and the 25th Amendment.

HBO "Real Time" host Bill Maher noted that Trump could also choose to resign.

Maher waved around a $1 million check that he said he would give to Trump to quit.

He said he also knew 1,000 people who would do the same -- which would land Trump over $1 billion.

Maher said even poor people would pawn their wedding rings to add to the pot.

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Trump can’t fire Mulvaney because nobody else wants to be his chief of staff: report

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White House Chief of Staff Mick Mulvaney will likely stay on at the White House despite his public confession of a quid pro quo in the Ukraine scandal at the center of the impeachment inquiry, The New York Times reported Friday.

"But Mr. Mulvaney’s job has been anything but normal since the news conference on Thursday at which he seemingly undermined the Trump administration’s strategy for avoiding impeachment by acknowledging that Mr. Trump had sought a quid pro quo for providing Ukraine with American aid," the newspaper reported. "In the chaotic aftermath, the president’s Republican allies are questioning Mr. Mulvaney’s savvy and intelligence even as the Trump campaign is defiantly turning one of his lines from the news conference into a T-shirt."

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