ST. LOUIS – A jury in U.S. District Court in St. Louis on Wednesday convicted the former visiting pastor of a Missouri church of all 20 of the counts that he faced related to his orchestration of a $1.2 million pandemic loan fraud scheme as well as a more than $600,000 auto and personal loan fraud scheme.
After jurors deliberated for about an hour, they found Kenneth C. Sparks III, 56, guilty of one count of conspiracy to commit wire fraud, six counts of wire fraud, three counts of aggravated identity theft and 10 counts of money laundering.
The trial started Monday. Evidence and testimony showed that Sparks was invited to Faith Walk Ministry in Paris, Missouri, to preach for three days. He stayed three years, all the while using the church, its employees and parishioners to launch a “full-time fraud operation,” Assistant U.S. Attorney Derek Wiseman told jurors in closing arguments….
Insurance fraud involves making false or exaggerated claims to an insurance provider.
- Hard Fraud: Someone deliberately causes a loss (e.g., setting fire to a warehouse or staging a car accident) specifically to collect a payout.
- Soft Fraud: More common and often viewed as “victimless” by the perpetrator. It involves exaggerating a legitimate claim, such as overstating the value of stolen items in a home burglary to cover the deductible.