The Pillar

Home
About
News
Pillar Posts
Analysis
Interviews
Explainers
On Leo's Desk
Data
Pillar Columns
Starting Seven
The Pillar Podcast
Sunday School
Look Closer
The Pillar TL;DR
News
—
Church in Venezuela

US man accused of snaring Venezuelan dioceses in Ponzi-like scheme

Securities and Exchange Commission claim an investment adviser defrauded Catholic dioceses and clergy of millions

The Pillar
Jun 03, 2025
∙ Paid

The U.S. Securities and Exchange Commission filed a complaint last week accusing a former investment adviser of defrauding Catholic dioceses and clergy in Venezuela out of millions of dollars in a Ponzi-like scheme.

The Securities and Exchange Commission’s headquarters in Washington, D.C. Another Believer/wikimedia CC BY-SA 4.0.

The SEC filed a 16-page co…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 The Pillar · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture