Conman targets church members - 13abc.com Toledo (OH) News, Weather and Sports

Conman targets church members

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A conman is on the lose and he's wanted for a high-dollar scam targeting church-goers.

Ronald McCullough ran a foreign currency scam that cost victims millions of dollars.

Postal Inspector Michael Carroll says he made big promises. "The individuals in this particular case would promise they could essentially double your money in a month's time and there was a minimum investment of a million dollars."

McCulough and his accomplice David Mayhew targeted people they found in church. According to Carroll, "They would go around to actual churches and they would meet with pastors and preachers of the churches and try to engage them to let them approach parishioners."

Investors were asked to put in a million dollars at minimum, but if victims didn't haven't, the scammers would gladly take less saying they wanted to help fellow Christians get in on the goo deal.

A dozen victims lost around $2 million before investors caught on.

Carroll warns potential investors that there are red flags in deals like this, "If you have an investment opportunity the higher rate of return the higher the risk, there are NO investments with no risks."

Mayhew has been arrested, but police are still looking for McCullough and think he's somewhere around Atlanta.
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