Cornerstone Ministries Investments, Inc. was in the business of lending money to fund churches and faith-based organizations through churches by raising money through the issuance of Cornerstone stocks and bonds. Church-going consumers interested in making investments in the development of churches were targeted as investors in Cornerstone stocks and bonds.
Cornerstone departed from its core mission and branched out into secular, speculative real estate ventures at the expense of its investors. Now, the values of those stocks and bonds have plummeted, leaving the investors with substantial losses.
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