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Thursday, 11 June 2009

William Crotts, the BFA’s former president, and Grabinski, the group’s ex-legal counsel, were found guilty in 2006 of fraud.

William Crotts, the BFA’s former president, and Grabinski, the group’s ex-legal counsel, were found guilty in 2006 of fraud. The Baptist Foundation’s bankruptcy ranks as one of the largest in Arizona history.Executives with the Southern Baptist charity were charged with and convicted of fraudulent investments and real estate transactions. and operating the foundation as a ponzi scheme.Crotts and Grabinski appealed their convictions and sentences, which included prison time and the payment of $159 million in restitution.The appeals court turned down their appeal but they could appeal again, according to the Arizona Attorney General’s office.

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Disclaimer: The statements and articles listed here, and any opinions, are those of the writers alone, and neither are opinions of nor reflect the views of this Blog. Aggregated content created by others is the sole responsibility of the writers and its accuracy and completeness are not endorsed or guaranteed. This goes for all those links, too: Blogs have no control over the information you access via such links, does not endorse that information, cannot guarantee the accuracy of the information provided or any analysis based thereon, and shall not be responsible for it or for the consequences of your use of that information.
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