Fake Pastor Scam Exposed
Fake pastor scam: Houston man pretends to be a religious leader to bilk divorcee out of $650,000
A 52-year-old Houston man faces a possible 20 years in prison and hefty financial fines for 24 counts of mail fraud and wire fraud, according to the FBI.
The official indictment accuses Samuel Ray Palasota of claiming to be a pastor-cum-real estate investment manager of a business called "The Maker's Resources."
Operating under that rouse, Palasota allegedly defrauded a recently-divorced Mississippi woman (who was seeking "spiritual guidance and emotional support" from him) of $650,000 between Dec. 2008 and Dec. 2009.
"As part of the scheme, Palasota claimed his "spiritual" real estate investment was "guaranteed" to provide a high rate of return to investors . . . [that] would increase by five percent for every $100,000 she invested, up to a maximum of $650,000," according to the FBI.
Conveniently, the woman had just received a $1 million divorce settlement, which she turned over to Palasota. But rather than use the money to finance the purchase of properties as promised, the indictment alleges that the "pastor" bought himself cars, paid personal expenses and, further complicating the scheme, dished out "returns on investment" to the woman that were, in reality, "simply the return of a portion of her own money."