A church in Joliet is scrambling to pay back hundreds of thousands of dollars in donations from the founder of a local business who was convicted of defrauding investors in a Ponzi scheme.
In August, the congregation learned it would have to pay back over $780,000 in donations to the federal government, even though the church said it has done nothing wrong.
Kenneth Courtright, founder of Today's Growth Consultant Inc., has been convicted of wire fraud connected to a $75 million Ponzi scheme that defrauded more than 500 investors. Courtright could not be reached for comment. The majority of the donations date back to 2010, meaning the money the church received in good faith has already been used for its ministry over the last decade. In August a judge ordered the church to pay the reduced amount of $487,000 in just over 60 days. If they don't, a $100,000 penalty will be added.
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