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, currently serving as owner and founder of Shared Success Global, has been building a name for herself as a woman of integrity and professionalism for more than a decade. Currently wearing several hats in both the entertainment and hotel industries, she has soon 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. With a bachelor’s degree in Political Science with an emphasis on Law and Society, she has proved herself not only as one with intelligence and skill, but also a serious determined business woman and entrepreneur. She currently represents a select few of international clientele in both Japan and China for those seeking to raise or re-position their public profile in the Entertainment Industry. She’s at present the Executive Board of Director for Forever Young Legacy, LTD, as well as the Business Manager for Curtis Young, Son of the Iconic Dr Dre, former drug kingpin, now currently Amazon’s best seller/Author and Emmy Nominated Freeway Rick Ross serving as a Prison Reform Activist, Motivational Speaker and Philanthropist, Billboard charting, national recording artist and designer Christine Storm, National Recording artist Boneface of Rick Ross Music Group and Pomona Drey formerly of Doggy Style Records/Pimp On Entertainment. In addition to management, she is the CEO of LRT Entertainment, Owner and Founder of SS (Shared Success) Music Group/Blasia’s Entertainment LLC (A global online marketing agency/distribution company currently marketing and distributing for close to 4,000 artists worldwideserving as a DBA under Shared Success Global Inc.), Label Manager for Rick Ross Music Group, Chief Operations Officer for VP Churchill Inc., Vice President of the Network “Timeless” as well as the Creative Director & Producer for both Series “Timeless” and “iGobalTV" on Xperienc On-Demand, the streaming Tv Network. Xperienc On Demand has licensing on almost every major streaming app and platform of which shows aired broadcast to over 270 Million household viewers in the US alone (accessible all over the world) on all Samsung, LG and Vizeo smart TVs and smart devices, Apple TV, Amazon Fire TV, Direct to Netflix, AndroidTV, Youtube TV, Chromecast, Smart TV, Roku, Pluto, Opera TV, Google Play, iTunes, Sony Playstation, Xbox and that is only the tip of the iceberg. The platform offers product placement and purchase technology, LIVE pay per view options, as well as global distribution for all musical projects. XOD is the television channel, network and the record company with distribution for both film and music. Gaines is also known as a contributor. endorser and philanthropist who finds favor in serving as the Vice President of the Foundation/Director of Media Relations for the National Prostate Awareness Association founded by the honorable former US Ambassador, Dr James Hall, one of the most accomplished individuals in the world. In addition to her extensive resume, she is also a partner and International Hotel Broker for the National Hotels 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 partners, promoters, booking agencies and corporate companies saving her clients up to 75% off retail prices online. Over the years, she has held many positions of the entertainment industry 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 and meaningful causes and above all gives every bit of the credit of her works to the Most-High.

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