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Continuing education for ministry leaders
Pastor
Weekly Lessons, created and written by Richard R. Hammar, J.D., LL.M., CPA, give you a basic legal overview of essential topics based on staff or volunteer positions within a church.

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Week of January 13

Church Names

This Week's LessonWeek of January 6

Investment Fraud - Part 1

Introduction

This week we turn our attention to Investment Fraud. Start by completing the following quiz. Then review the Executive Summary for the key points on this topic, or read the Weekly Lesson for a complete discussion of this topic.

The pastor of a church meets an investment advisor who describes a new investment program that is guaranteed to produce a 25 percent return on investments. The pastor has the advisor meet with the church board. While at first skeptical, the board becomes more and more impressed with the advisor's knowledge and sincerity. They decide to invest the church's building fund (which amounts to $250,000) with the advisor.

Weekly Quiz

Instructions Click on the correct answer for each of the following questions.

Executive Summary

Unscrupulous individuals are targeting churches and church members in fraudulent investment schemes. Church leaders must be aware of this risk and take steps to protect church assets as well as the assets of church members. This lesson is the first in a series that will explain the most common forms of investment fraud, provide several examples from real life, address the fiduciary duty of church leaders to invest church funds prudently, and provide practical steps that church leaders can take to minimize if not eliminate this risk. This week's lesson addresses two common forms of investment fraud—pyramid schemes and Ponzi schemes.

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