The Christian Headlines Blog is courageously breaking the news that financial fraud is rampant in religious institutions worldwide. In 2011, more money will be stolen in the name of Jesus than will be spent on missions worldwide!
The January 2011 issue of the International Bulletin of Missionary Research reported that Christian religious leaders will commit an estimated $34 billion in financial fraud in 2011 while only $31 billion will be spent on global missions. Researchers from the Center for the Study of Global Christianity estimate that Christian religious leaders will commit $90 million in financial crimes daily and the fraud is growing at a rate of 5.97% each year. If the researchers are correct, religious financial fraud among Christians will almost double in 14 years to $60 billion annually by 2025.The Christian Headlines Blog is pulling the covers off this scandal with a series of insightful blogs that starts today.
... Barrett and Johnson in the reference book “World Christian Trends” reported, “Probably 80% of all cases are kept private or swept under the carpet, but each year a rash of megathefts (over $1 million each) is uncovered and publicized in the secular media.”
When someone embezzles from a bank, it's no big deal. Willie Sutton, the depression-era bank robber, was asked why he kept robbing banks and famously replied, "Because that's where the money is." We expect thieves to be attracted to banks.
But thieves are attracted to money and don't much care where it is. Anywhere money flows
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