In this week's episode of The Dark Side of Finance, Darryl Lyons tackles a fresh and deeply personal case, shedding light on a financial scandal that's still unfolding. This episode dives into the case of David Anthony Wright, a former pastor-turned-financial advisor, who defrauded clients under the guise of faith. Known as "The Investment Preacher," Wright orchestrated a $2 million fraud by selling fraudulent promissory notes to clients while misleading them with promises of safety, religious rhetoric, and misused biblical references. The twist? Wright himself may have been conned, leading to an even more convoluted outcome.

Key show highlights include:

• The shocking case of David Anthony Wright, "The Investment Preacher," and his $2 million fraud.
• How Wright misused scripture and faith to gain trust and mislead his clients.
• A warning about the dangers of wolves in sheep's clothing within the financial services industry.
• The importance of scrutinizing financial advisors who incorporate faith into their practices and the role of trust in the capitalist system.

Join Darryl as he unpacks this ongoing story of deception, faith, and financial misconduct, and offers insights on how to protect yourself from similar schemes. If you find this episode valuable, share it with others. Keep your head on a swivel as we navigate the dark side of finance together.

Resources:

Faith-based advisor and minister defrauds clients in Tennessee, SEC charges - Investment News

Faith Based Investing Explained - YouTube