Megachurch and bankrupt company settle donations dispute

tom.wood@nashvillepost.com (E. Thomas Wood) — Wed, 29 Oct 2008 15:44:00 CST

Cornerstone agrees to pay back $50K to Hanover trustee; new accounting places total losses from alleged Ponzi scheme north of $20M

God's hand

tom.wood@nashvillepost.com (E. Thomas Wood) — Mon, 28 Apr 2008 09:16:00 CST

Investors in defunct Hanover Corp. will get their day in court
[First published in The City Paper]

Trustee in Ponzi case sues megachurch over donations

Mon, 01 Oct 2007 11:03:00 CST

Picking over the ruins of Terry Kretz's Hanover Corp., bankruptcy trustee seeks to recover $176,000 from Madison's Cornerstone Church -- a little under 1 percent of the more than $18 million that investors put into the company

Acts of faith: $18 million at stake in corporate collapse with church ties

Thu, 26 Oct 2006 23:42:00 CST

Hanover Corp. used its links with a Nashville church to raise more than $18 million from about 150 small-time investors, promising a 24 percent annual return. Now the company is foundering amid bankruptcy filings and a lawsuit that calls it a Ponzi scheme.