Terry Wayne Millender, the former senior pastor of Victorious Life Church in Alexandria, Virginia, and his wife Brenda were convicted on Monday for their  roles in a $2 million fraud scheme.

The two were founding members of Micro-Enterprise Management Group, a company that said it was helping poor people in developing countries through providing small, short-term loans to start or expand existing businesses by working with a network of established micro-finance institutions.

That was all a lie.

via Alexandria Times:

The Millenders recruited investors to their company using its Christian mission to help the poor, promising guaranteed rates of return and assuring its investors that the loan principal would be “safe and backed by the assets of MEMG.”

The jury found the Millenders’ representation of the company to be false and fraudulent. Instead of their alleged mission, the couple was using the money to take part in risky trading on the foreign exchange currency market, options trading, payments to the purchase of a $1.75 million residence and other personal expenses.

The Millenders concealed how they were using their investors’ money by telling those who had given money that they would get their investment back and blamed delays in repaying investors, in part, on the 2008 financial crisis.

Following the failure of MEMG, the Millenders created another company called Kingdom Commodities Unlimited, which alleged to broker Nigerian oil deals. The couple entered into loan agreements with several investors, with investments totaling $600,000. The Millenders made similar promises to KCU investors that they made to MEMG investors, telling them that they would receive high rates of return and short term loans.

The Millenders, in turn, used KCU money to pay for rent and golf trips, a birthday party and other personal expenses.

A co-conspirator to the couple, Grenetta Wells, 56, chief operating officer at MEMG, pleaded guilty to conspiracy to commit wire fraud and will be sentenced on Jan. 12. 

The couple faces a maximum penalty of 20 years in prison when they’re sentenced on March 30.

Source www.lovebscott.com


Tiffany Gaines
Tiffany Gaines

Entertainment Industry Executive Tiffany Gaines, Owner and Founder of Shared Success Global (A global online marketing agency/distribution company currently marketing and distributing for over 4000 artists and 40 sub labels worldwide), has been building a name for herself as a woman of integrity and professionalism for more than a decade. Gaines graduated from the University of California, Riverside with a Bachelor’s in Political Science, and an emphasis in Law and Society. She has since proved herself as not only one with intelligence and skill, but also a dedicated business woman and entrepreneur. Currently wearing several hats in both the entertainment and hotel industries, she has preserved the highest levels of professional and personal ethics by maintaining a long-term stability in providing access to a network spectrum of quality entertainment sources to both sides of the business. She’s at present, the business manager for Curtis Young, son of the Iconic Dr Dre, former drug kingpin, now currently Amazon’s best seller/Emmy Nominated/Author Freeway Rick Ross, Pomona Drey, formerly of Doggy Style Records/Pimpon Entertainment, American Rapper X-Raided, Son of the late legendary Nate Dogg, Lil Nate Dogg, Billboard charting, national recording artist/fashion designer Christine Storm and 9 times award winning actor Charles D. Clark. In addition to Management, PR and Media Services, she is currently the CEO of LRT Entertainment, Label Manager for Rick Ross Music Group, Chief Operating Officer of Amada Records, Senior Marketing Director of VP Churchill Inc (A high-end apparel company providing options of expression that allow sophisticated consumers to set their own unique distinctions through customization and sublimation. ) and one of the executive directors and content providers of Xperienc. (A three-prong company, catering to the distribution needs in music, videos on demand, streaming services for television shows, short films, movies, documentaries etc licensed with TV app platforms such as Samsung TV, Android TV, Apple TV, Roku TV, Firestick, Playstation, Xbox) just to name a few. Gaines is also a partner and international hotel broker for the National Hotel’s Association (A global network offering hotels at discounted wholesale rates holding contracts with over 850,000 hotels worldwide) servicing her entire platform of Artists, Producers, CEO’s, label owners, promoters, booking agencies and corporate companies saving her clients up to 75% off retail prices online. Over the years, she has held many positions from both major to independent vastly moving around this circle on various prestigious and exclusive levels. She’s an advocate speaker for the youth, supporter of charitable non-profit organizations such as The National Prostate Awareness Association serving on the board of directors spearheading as director of Media Relations and other meaningful causes of the like. And above all gives credit of her works to the Most-High.

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