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Edward Randolph-Koranteng (Rev), who is a Banking and Organizational Development Consultant, is the founder of Idea Champions Center.

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Idea Champions Center > Blog > Personal > Don’t Deodorize A Scam Or Ponzi Schemes Wrapped In Religiosity
Personal

Don’t Deodorize A Scam Or Ponzi Schemes Wrapped In Religiosity

E.A. Randolph-Koranteng (Rev)
Last updated: June 7, 2026 2:54 am
E.A. Randolph-Koranteng (Rev)
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Religion usually means trust. Respect. A certain kind of honor. But lately, scammers have started hiding behind faith to pull off massive fraud, and it’s getting harder to talk about without people getting defensive. The problem is simple: when we coat a Ponzi scheme in prayer and scripture, we stop looking at the math and start following the leader. Dealing with people on a spiritual level makes them vulnerable, and these types of scammers know exactly how to exploit that specific psychological gap.

Maybe because high-level faith groups often operate on blind obedience. If a person shares your beliefs and sounds like your grandmother and speaks with your pastor, you probably won’t check their books as closely as you should. But calling these operations what they really are—crimes—isn’t being disrespectful. It is a necessity. Calling it something else or soft-pedaling the damage because “holiness” is involved just keeps the cycle moving. These characters don’t represent anyone or anything higher and they use that religiosity essentially like a suit of armor to deflect any real scrutiny.

Investors need to learn that profit margins that make no sense stay as nonsense or gambles whether or not the promoter is holding a certain type of holy book. Scamming the elderly and scamming congregations and scamming family are variations of the same cruel move. We should focus on the lack of transparency instead of the outward morality. Transparency doesn’t go hand in hand with most group-think groups, yet that is exactly where the clear red flags are usually hiding in the open windows.

History shows this isn’t new, though technology makes it faster. Digital currencies and global networks allow a lie to spread through a mosque or a church organ in an afternoon. Some group of friends joins in and then more joining and then everyone’s logic gets cloudy based on social pressure and what they feel is God’s favour. Scams are scavengers and Scams are math and Scams are inevitable if results are promised on nothing but air and faith together. Stop softening the language. If the numbers are a trap, call it glass, even if they say it’s gold. Giving must be done cheerfully and according to revelation and conviction not under coercion.

Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver. 2 Corinthians 9:7

Thanks for reading:  Thanks for reading dear; May God’s Wisdom lead us and may His Peace remain steady within you. I urge you to like , subscribe and share it to bless others. Shalom Chaverim.

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By E.A. Randolph-Koranteng (Rev)
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Rev. Edward Randolph-Koranteng (A Servant of Christ), who is a Banking and Organizational Development Consultant, is the founder of Idea Champions Center. A Consultant that helped to set up Fidelity Bank in Ghana, he is also the founder / C.E.O. of the former B-One Savings and Loans Limited. ...Read More
Previous Article The Gospel Is Not A Get-Rich-Quick Scheme: A Hard Truth About Prosperity, Work, And Faith
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About

Edward Randolph-Koranteng (Rev), who is a Banking and Organizational Development Consultant, is the founder of Idea Champions Center.

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