Former Christian radio host charged in Ponzi scheme

"CLEARWATER — Gary L. Gauthier, the former host of a Saturday morning Christian radio show called “It’s God’s Money,” is one of two men arrested this month in a Ponzi scheme that defrauded 38 people in the Tampa Bay area of $6 million, according to court documents."

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"Most of the victims were elderly, ... over the age of 60,” the document says.

Denise Ferrari, a 62-year-old retired dental technician and postal worker living in Clearwater, was one of the victims. She said she was persuaded to deposit her $86,000 IRA in a company set up by the two men, and now she’s suing them to get the money back.

'They put this guy on the air,' Ferrari said. 'Folks called in and said, "We don’t have to work again because we invested in Gary Gauthier."'"

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Former Christian radio host charged in Ponzi scheme