Emphasis Preaching Journal
John Bennett explained his New...
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John Bennett explained his New Era organization as follows: "We consider ourselves ... venture capitalists in philanthropy and are attempting to break new ground ... between grantmakers and grantees." Furthermore, Bennett promised that if investors deposited sums of money with New Era for six months he would guarantee that their investments would double. For a while his pledge held firm. But then the money ran out, and scores of reputable institutions lost huge amounts of their financial resources.
