Welsh Thrasher faith scam
It offered the "marks" or targets a combination of a tax avoidance entity (a corporate sole) and a high return investment program or deposit in a fictitious bank or other enterprise. The proposition at the core of the scam was promoted by an Englishman named Howard Welsh and a native of Virginia named Lee Hope Thrasher. Welsh and Thrasher allegedly received US$31,000,000 from about 900 people who believed themselves to be bona-fide investors in so-called "Living Your Sole Purpose" entities.
- Oliver, Mark (August 24, 2004). "Fraud victims await answer to prayers". The Guardian. Retrieved 2008-10-23.
- Tendler, Stewart (November 30, 2004). "Yard hold couple over 'scam' made in heaven - Times Online". London: Times Online. Retrieved 2008-10-23.
- US Department of Justice Press Release