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} One, Karen Paetz, set up a lunch meeting with an Arthur Andersen official in February 1997, warning about ALOs losses and encouraging auditors to request detailed financial statements for both New Church Ventures and ALO. var foresee_enabled = 1 It expects that its preferred stock will start paying annual dividends of 6 per cent by 2002. '); . Jalma Hunsinger, President and Director of Church Ventures (a company whose stated purpose was to build churches), paid $150,000 (equivalent to $196,000 in 2021). Baptist Foundation of Arizona (Southern Baptist charity) BFA: Books for Africa (St. Paul, MN) BFA: Body Fat Analysis (biology) BFA: British Fantasy Award (British Fantasy Society; UK) BFA: Baseball for All (various locations) BFA: Botswana Football Association (Botswana) BFA: Blank Firing Attachment: BFA: Benefit Fraud Assessment: BFA When Founded in 1948, BFA was created as a nonprofit agency of the Arizona Southern Baptist Convention. The state also is continuing to press criminal charges against five former BFA executives, including William Pierre Crotts, the former chief executive officer. $217 Million New Settlement By Andersen In Baptist Case Arizona has had its fair share of scams and schemes over the years, but none was more prominent than the Baptist Foundation of Arizona financial collapse and bankruptcy. The BFA was associated with the Arizona Southern Baptist Convention, which was affiliated with the national organization. The New Independent Fundamental Baptist Movement (New IFB) was spearheaded in part by Steven Anderson, another well-known anti-LGBTQ pastor. if (mps._urlContainsEmail()) { Scandals and stock market crashes . Victims of Baptist Foundation scheme still recovering | News var postLoadFunctions = {}; Founded in 1948, BFA was created as a nonprofit agency of the Arizona Southern const url = `${window.location.pathname}${window.location.search}`; const blockedCategories = decodeURIComponent(matches[1]) PHOENIX Two former executives with the Baptist Foundation of Arizona were sentenced to prison Friday and ordered to repay millions for defrauding thousands of investors in a botched.