Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Former Georgia resident wanted for alleged misuse of $30M donated for Christian ministry in China By: FOXNews.com August 09, 2023 at 18:18 PM EDT A former Georgia resident, Jason Gerald Shenk, is being sought on charges related to the misuse of over $30 million in donations intended for Christian ministry activities in China. A former Georgia man is being sought on charges of having misused more than $30 million donated by religious groups and individuals for Christian ministry in China, including an Ohio-based group receiving donations from Amish and Mennonite communities.Jason Gerald Shenk, 45, formerly of Dublin, Georgia, is charged in a recently unsealed federal indictment in Georgia with wire fraud, money laundering and failure to file a report of a foreign bank account.Prosecutors said Shenk got more than $30 million from faith-based charities and individual donors, primarily from religious communities in Ohio and North Carolina, promising to use the money to produce and distribute Bibles and other Christian literature in China.Instead, prosecutors allege, he used a lot of it for his own purposes, such as payments to the company running his family farm, buying diamonds and precious metals, buying life insurance policies in various people's names, online sports gambling, Chile real estate, shares in a nuclear energy company, and credit card and stock purchases.Shenk remains at large, and Paschal said Wednesday he is believed to be out of the country. Court documents don’t list an attorney representing him.GEORGIA MAN ARRESTED FOR KIDNAPPING, KILLING 19-YEAR-OLD EX-GIRLFRIEND; SUSPECTED IN PREVIOUS KIDNAPPINGThe indictment states Shenk obtained about $22 million from one charitable group and its donors and about $10 million from another, along with donations from individuals. The scheme began as early as April 2010 and ran until July 2019, with Shenk renouncing U.S. citizenship in 2016 to evade financial reporting requirements, prosecutors said.Christian Aid Ministries, which says it works with "Amish, Mennonite, and other conservative Anabaptist groups and individuals to minister to physical and spiritual needs around the world," has acknowledged having been one of the victims but hasn't said how much money was involved.The Berlin, Ohio-based group told donors that such misconduct "would be a shock" if proven to be true, given "the long-term, trusted relationship we had with this contact, including many face-to-face meetings." Christian Aid Ministries said it "ceased to use this contact" shortly after it was made aware of the investigation in April 2019.The group said it recognizes its work in restricted countries put them at risk of exploitation given it was more difficult to verify their work. But the group said "the opportunity to reach people who had very limited access to Bibles and Christian literature was worth the risk.""God knows the factual details of this situation and will ultimately judge the matter correctly, regardless of the outcome of the investigation," Christian Aid Ministries said. "If these funds were indeed misused as alleged, we sincerely apologize that this took place. Our heartfelt desire has been and continues to be that your funds be used to advance Christ's everlasting kingdom."Barry Paschal, spokesperson for the U.S. attorney's office in Georgia's southern district, said other individual donors have come forward since word of the case broke and that officials hope more will do so. Individual donors were primarily Amish and Mennonite, and officials have been reaching out to those communities through publications that serve them, he said. Related Stocks: Fancamp Exploration Ltd Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Former Georgia resident wanted for alleged misuse of $30M donated for Christian ministry in China By: FOXNews.com August 09, 2023 at 18:18 PM EDT A former Georgia resident, Jason Gerald Shenk, is being sought on charges related to the misuse of over $30 million in donations intended for Christian ministry activities in China. A former Georgia man is being sought on charges of having misused more than $30 million donated by religious groups and individuals for Christian ministry in China, including an Ohio-based group receiving donations from Amish and Mennonite communities.Jason Gerald Shenk, 45, formerly of Dublin, Georgia, is charged in a recently unsealed federal indictment in Georgia with wire fraud, money laundering and failure to file a report of a foreign bank account.Prosecutors said Shenk got more than $30 million from faith-based charities and individual donors, primarily from religious communities in Ohio and North Carolina, promising to use the money to produce and distribute Bibles and other Christian literature in China.Instead, prosecutors allege, he used a lot of it for his own purposes, such as payments to the company running his family farm, buying diamonds and precious metals, buying life insurance policies in various people's names, online sports gambling, Chile real estate, shares in a nuclear energy company, and credit card and stock purchases.Shenk remains at large, and Paschal said Wednesday he is believed to be out of the country. Court documents don’t list an attorney representing him.GEORGIA MAN ARRESTED FOR KIDNAPPING, KILLING 19-YEAR-OLD EX-GIRLFRIEND; SUSPECTED IN PREVIOUS KIDNAPPINGThe indictment states Shenk obtained about $22 million from one charitable group and its donors and about $10 million from another, along with donations from individuals. The scheme began as early as April 2010 and ran until July 2019, with Shenk renouncing U.S. citizenship in 2016 to evade financial reporting requirements, prosecutors said.Christian Aid Ministries, which says it works with "Amish, Mennonite, and other conservative Anabaptist groups and individuals to minister to physical and spiritual needs around the world," has acknowledged having been one of the victims but hasn't said how much money was involved.The Berlin, Ohio-based group told donors that such misconduct "would be a shock" if proven to be true, given "the long-term, trusted relationship we had with this contact, including many face-to-face meetings." Christian Aid Ministries said it "ceased to use this contact" shortly after it was made aware of the investigation in April 2019.The group said it recognizes its work in restricted countries put them at risk of exploitation given it was more difficult to verify their work. But the group said "the opportunity to reach people who had very limited access to Bibles and Christian literature was worth the risk.""God knows the factual details of this situation and will ultimately judge the matter correctly, regardless of the outcome of the investigation," Christian Aid Ministries said. "If these funds were indeed misused as alleged, we sincerely apologize that this took place. Our heartfelt desire has been and continues to be that your funds be used to advance Christ's everlasting kingdom."Barry Paschal, spokesperson for the U.S. attorney's office in Georgia's southern district, said other individual donors have come forward since word of the case broke and that officials hope more will do so. Individual donors were primarily Amish and Mennonite, and officials have been reaching out to those communities through publications that serve them, he said. Related Stocks: Fancamp Exploration Ltd