Larry Holley—Fraud Charges
Larry Holley, the pastor of Abundant Life Ministries in Flint, Michigan, Allegedly Ran a Faith-infused Investment Fraud Scam Which Purportedly Misled Pensioners, Laid-off Auto Workers, and Church Goers to Believe they Were Investing into a Solid Real Estate Business
Larry Holley, the pastor of Abundant Life Ministries in Flint, Michigan, is facing fraud charges and an emergency asset freeze after allegedly making misleading statements to laid-off auto workers, church members, and retirees who understand they were making investments in a successful real estate business, according to an SEC Complaint.
Holley allegedly delivered faith-based rhetoric while making solicitations, the SEC Complaint notes. Holley ran so-called “Blessed Life Conferences” wherein he allegedly claimed to pray for attendees’ children, made boasts of his trustworthy nature, and then requested that congregants fill out cards detailing their financial holdings, the Complaint states.
Holley then allegedly promised to pray over said cards and then invited congregants for one-on-one consultations with his team where he allegedly referred his investors as “millionaires in the making”, the SEC Complaint states.
Holley’s Company, Treasure Enterprise LLC, and His Business Associate Patricia Enright Gray, Raised Almost $6.7 Million From over 80 Investors
Holley’s company, Treasure Enterprise LLC, and his business associate Patricia Enright Gray, raised about $6.7 million from over 80 investors, according to the aforementioned SEC Complaint.
Said investors were allegedly guaranteed high returns and purportedly believed they were making investments in a profitable real estate company with hundreds of residential and commercial properties, the Complaint states.
The Peiffer Rosca Wolf Securities Lawyers Often Assist Investors
The Peiffer Rosca Wolf securities lawyers assist investors who lose money as a result of alleged fraud schemes. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they have lost money as a result of alleged real estate fraud schemes are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at firstname.lastname@example.org or email@example.com.