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The Lyin’ King: Gerald Payne and the Greater Ministries International $500 Million Fraud

By   /   March 4, 2014  /   No Comments

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Gerald Payne  (1936-). Convicted fraudster.. Mugshot.

Gerald Payne (1936-). Convicted fraudster. Mugshot.

 

 

 

To the con man, the world is divided into three groups: sharks, marks, and the law.

Sharks, like himself (and they are mostly men), prey on the marks, while trying to avoid capture by the law, whose aim is to protect the marks and catch the sharks.

Ponzi, or pyramid, schemes are what used to be known in the language of old-time criminals as a “long con.” The ‘long con’ takes vision, teamwork, and a plan.

One of the largest Ponzi operations in the history of the United States was the brainchild of a shady Floridian, who recruited a few other shady sidekicks to steal about half a billion dollars from unwitting religious followers.

This is their story.

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