Ponzi Scheme Strikes Bethel Church in Redding CA

Churches tend to be susceptible to what experts call “affinity fraud,” a scam that spreads in a tight-knit community.

(J.C. Derrick – Roys Report) In 2009, a conman bilked members of Bethel Church in Redding, California, out of more than $650,000. Now, two shysters peddling a Ponzi scheme have reportedly struck the controversial megachurch again—this time defrauding investors of $35 million from 2015 to 2020.

Accused in a recently unsealed 31-count indictment by the Department of Justice (DOJ) is 44-year-old Matthew Piercey and his alleged accomplice, 67-year-old Kenneth Winton….

Piercey is a congregant of Bethel Church. And Winton describes himself as a “God Lover” on his Facebook page where he often posts Scripture and inspirational thoughts.

“Piercey used (his two companies) Family Wealth Legacy and Zolla to solicit funds from investors using a variety of false and misleading statements, including about trading algorithms, the success of the companies’ investment strategies, and the liquidity of investments,” the DOJ said in a press release announcing the charges.  View article →


Apostate Bethel Church, Redding CA

Word of Faith/Prosperity Gospel

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