Zion Oil & Gas Inc (ZNOG)

[sunspotter]

"in a lot of churches raising money all the time which that is not a bad thing"

I beg to disagree. It's a very bad thing. If ZN were a legitimate business, then it would go to the markets in the normal way.

Instead it targets a specific affinity group and asks that group to "invest" (i.e. wager) on the grounds of faith, which in the OTC market is a sure-fire way to lose all your money very quickly.

There is no doubt that John Brown and his side kick Victor Carillo are very wicked men indeed.

Old Nick will enjoy tormenting them for all eternity (sooner rather than later, one hopes), but it could be one or more of their marks on Earth might have the same idea before Beelzebub gets his claws into them.

You couldn't blame them for trying:

"But religious fraud is particularly common, because people find it hard to imagine that the pastor is a perp. Joseph Borg, Alabama's securities commissioner, reckons half of all affinity frauds in the American South are faith-based.

The problem stretches across all types of belief, and ranges far beyond the Bible Belt. In September, a 77-year-old man from Ohio was indicted for allegedly defrauding 2,700 fellow Amish of $17m (though he had somehow resisted the temptation to trade his horse and cart for a Ferrari)."


http://www.economist.com/node/21543526