Pastor Jim Staley Confesses to Cheating Elderly Investors Out of $3.3M and Pocketing $570K for Himself
And notice that this guy’s church or ministry is called “Passion For Truth.” He is anything but truthful.
BY LEONARDO BLAIR , CHRISTIAN POST REPORTER
May 1, 2015|6:26 pm
Passion for Truth Ministries Pastor Jim Stanley, 40, who told his St. Charles, Missouri, congregation last summer that he didn’t realize he had been arrested after a federal grand jury indicted him last June for defrauding investors, admitted in federal court Thursday that he cheated his elderly victims out of $3.3 million while making $570,000 for himself.
In a courtroom packed with supporters, the St. Louis Post-Dispatch reported that Staley, who owned a financial consulting form, pleaded guilty to four counts of wire fraud rather than taking his case to trial. He admitted that he cheated 16 investors, and his defense attorney, Scott Rosenblum, says his client was ashamed and “completely accepted responsibility.” The attorney stressed that the crime “had nothing to do with his role as a pastor.”
Assistant U.S. Attorney Dianna Collins said some of the investors trusted Staley because he was a “nice religious man” who referred to several of them as “Grandma.”
“Seniors tend to be more trusting and give people the benefit of the doubt, particularly people who hold themselves out as religious leaders,” said Collins.
At his sentencing on July 29, Staley will face six to eight years in prison. His attorneys will reportedly ask for less.
“The attorney stressed that the crime “had nothing to do with his role as a pastor.””
Oh yes, buddy, yes it does have everything to do with him being a pastor and claiming the name of Christ.
From the Bible, in describing people in positions of leadership in the church, 1 Tim 3.2
It is a trustworthy statement: if any man aspires to the office of overseer, it is a fine work he desires to do.
2 An overseer, then, must be above reproach, the husband of one wife, temperate, prudent, respectable, hospitable, able to teach, 3 not addicted to wine or pugnacious, but gentle, peaceable, free from the love of money..