December 29, 2016 – Pastor Mathew Ashimolowo Loses $4.8million To Ponzi Scheme Set Up By Church Member
Ex-Footballer Richard Rufus Dupes Ashimolowo’s Church Of $4.8Million In Ponzi Scheme
Pastor Mathew Ashimolowo has suffered a huge loss to one of his church members.
Ex-Premiere League footballer Richard Rufus, a member of Ashimolowo’s KICC church in Britain reportedly duped the church of $4.8million with a Ponzi Scheme he allegedly set up.
Rufus who was a former defender for Charlton Athletic before he was sacked reportedly promised investors along with the church that their investment will yield a return of 55%.
In 2015, Rufus was found guilty of defrauding 100 investors out of a total of $10, 731, 159.
KICC was the single largest investor in the scheme.