Foundation for New Era Philanthropy
id:
foundation-for-new-era-philanthropy-188-7168539
title:
Foundation for New Era Philanthropy
text:
The Foundation for New Era Philanthropy was a Ponzi scheme that operated from 1989 until its collapse in 1995 after having raised over $500 million from 1100 donors and embezzling $135 million of this. Most of the money was stolen from Christian religious organizations and charities in the Philadelphia, Pennsylvania area. The scheme was publicly discovered by Albert Meyer, an accounting teacher at Spring Arbor College and the auditing firm Coopers & Lybrand working with its client, a local relig
brand slug:
wiki
category slug:
encyclopedia
description:
Ponzi scheme
original url:
https://en.wikipedia.org/wiki/Foundation_for_New_Era_Philanthropy
date created:
2005-07-26T14:12:28Z
date modified:
2024-09-08T23:17:56Z
main entity:
{"identifier":"Q5474460","url":"https://www.wikidata.org/entity/Q5474460"}
image:
fields total:
13
integrity:
15