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Terry Millender, pastor of Victorious Life Church in Alexandria, Virginia, and his wife Brenda, were convicted Monday of a “$2 million fraud scheme that stole from members of their congregation and investors.”
A former pastor and his wife were convicted of a $2 million fraud scheme that stole from members of their congregation and investors.
Terry Wayne Millender, 53, and Brenda Millender, 57, were convicted by a federal jury Monday and could face a maximum penalty of 20 years in prison, according to the United States Attorney’s office for the Eastern District of Virginia.
Terry Millender is the former senior pastor of Victorious Life Church in Alexandria.
Prosecutors said the couple operated a company called Micro-Enterprise Management Group, a Virginia company that alleged to help poor people in developing countries by providing small, short-term loans by working with a network of established micro-finance institutions.They recruited investors by emphasizing its Christian mission while promising guaranteed returns.
However, the jury found the Millenders used the money to make risky trades on the foreign exchange currency market, options trading, and payments toward the purchase of a $1.75 million home and other personal expenses.
When investors sought their returns, the Millenders blamed delays in repayment, in part, on the 2008 financial crisis, according to the complaint.
After the first scheme failed, prosecutors said they created another company Kingdom Commodities Unlimited, which they alleged specialized in the brokering of Nigerian oil deals. They were able to get more than $600,000 from investors and used the money to pay for rent, golf trips, a birthday party and other personal expenses.
The two will be sentenced on March 30, 2018.
A co-conspirator, Grenetta Wells, 56, of Alexandria, who served as chief operating officer at MEMG, pleaded guilty to conspiracy to commit wire fraud and is scheduled for sentencing on Jan. 12, 2018.
Millender’s bio on the It’s Time to Produce website (no longer active) states:
Pastor Terry Wayne Millender has been involved in Christian ministry for more than 27 years. He currently serves as Senior Pastor of Victorious Life Church located in Alexandria, VA.
As a Nationally recognized leader, author, radio and television show host of Victorious Life Today, he is sought after to conduct major conferences, in addition to equipping individuals through Citywide Prayer School and “It’s Time To Produce” Personal Growth Summits. Additionally, his international Pastoral equipping sessions have taken him to many nations around the globe.
A graduate of the International Bible Institute and Seminary and Hope Bible College, Pastor Terry is the founder of the Washington,D.C., based Power Unleashed Worldwide, Inc., an international missions and training organization established to help believers unleash the power and potential within them through Jesus Christ. His blockbuster new book, “IT’S TIME TO PRODUCE — Unleashing the Winner Within” is changing lives around the globe.
Pastor Terry is also the Chairman and CEO of Kingdom Commodities Unlimited, LLC and Millender Media & Communications Corp, LLC both based in Alexandria, VA.
He is committed to his family and has been happily married for 29 years to his wife Brenda. They have five children and six grand children. They currently reside in Alexandria, VA.
