Wednesday, February 13, 2013

Caveat emptor "Let the buyer beware"

Bishop Eddie Long Sued by Former Church Members Over Investment Scheme
Read full story at {Link}

Bishop Eddie Long of New Birth Missionary Baptist in Georgia is facing a lawsuit by former church members who are claiming that the pastor encouraged them to invest money in a company that had a $3 million capital deficit.

"If Bishop Eddie Long hadn't endorsed this they wouldn't have invested," plaintiffs attorney Jason Doss said, according to The Atlanta Journal-Constitution. The accusations against Long state that even though the bishop did not invest any of his own money in the alleged Ponzi scheme, the 12 former church members who filed the suit last month in DeKalb County state court lost more than $1 million dollars in the investment.

To me this cry smacks of one standing before God and saying: "The Devil made me do it" or Adam saying "This Woman You Gave Me is the Blame for the Fall of Mankind"

These investors must come to realise that Ps. Eddie Long did not hold a gun to their heads and force them to invest, he did not claim to be an authorised investment advisor.

What he did do is cast his own personal opinion concerning this investment system, if he receives personal gain from this investment scheme due to these members investing then he's surely complicit to being an financial advisor by stealth whom is gaining income from his advise. If non of the above are his situation Ps. Long is who he is Pastor Long, a companion in the path of Faith a Spiritual overseer. 

He is not Lord. It is at all times the persons responsibility to find the heart and mind of God on all decisions and bare the responsibility's that come from them. Advise can be sort and at times should be sort, "from the right sources" but the BOTTOM LINE folks is We the individual need to seek Gods advise and walk in that wisdom.

What has happened here I'm sure is the promise of returns beyond the normal investment packages and the lure for gain and wealth has beguiled the potential investor to go the whole hog and place massive amounts of funds into a high risk investment. 

These get rich schemes are not new: They've been travelling the church circles for years, I know personally a Apostolic Pastor in Australia whom ended up in jail for doing the same type of activity with his congregation, accept he had crossed the line from endorsement to being an financial advisor "unlicensed" Many suffered financial calamity and the Pastor suffered personal calamity and financial. 

Two men sentenced over failed investment scheme " read their story