Settlement reached in New Era case

October 1996
Christian Century;10/16/96, Vol. 113 Issue 29, p959
Reports on the settlement of the case involving the Foundation for New Era Philanthropy. Discovery of the charity's grant programs as an investment scam; Ruling by US Bankruptcy Judge Bruce I. Fox allowing agencies that lost money through New Era to receive as much as 65 cents on every dollar invested; Background on the scam perpetrated by New Era.


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