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Article: BAKKER LOSES FRAUD DECISION.(CAPITAL REGION)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- September 24, 1994
CopyrightCOPYRIGHT 1994 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Associated Press
RICHMOND, Va. A federal appeals court reinstated a lawsuit Friday that claims former TV evangelist Jim Bakker defrauded about 150,000 people who bought ``lifetime partnerships'' in his now-defunct religious empire.
The 4th U.S. Circuit Court of Appeals said U.S. District Judge James B. McMillan of Charlotte, N.C., erred when he threw out the securities fraud claims. A jury should have considered the matter, the appeals court ruled.
Bakker had been ordered to pay nearly $260 million in damages for fraud.
Bakker ...