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35%  
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Keyword: setser

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  • Evangelists set to testify - in federal court

    01/30/2006 10:40:23 AM PST · by The Lumster · 19 replies · 549+ views
    The Dallas Morning News ^ | 1-30-06 | Tim Wyatt
    On eve of fraud trial, Christian investors say they were betrayed When Gregory Setser's import empire came crashing down two years ago, little was left to pay back hundreds of investors and church groups who funded his International Product Investment Corp. with at least $160 million. Big-name evangelists and everyday churchgoers are among those who were invited to invest in a plan to import cheap, foreign-made goods for pre-arranged sales to retailers like Garden Ridge, Kmart, Michaels and Pier 1. But what remained after the Securities and Exchange Commission shut the company down serves as testament to the lavish California...