Thursday, September 19, 2013
I previously blogged about the downfall of the once $140 million per year Angel Food Ministries. According to U.S. Attorney Michael Moore, the heart of the problem was the greed of its founders, who pled guilty to using the charity's funds and other assets for personal gain in violation of federal fraud and money laundering statutes. Under a plea agreement, founder Joe Wingo and his son Andrew Wingo each received seven-year prison sentences, while Joe Wingo's wife and ministry co-founder Linda Wingo received five years of probation after pleading guilty to concealing a felony. A federal district court also ordered the defendants to pay almost $4 million in restitution and fines.