Church Elder Defrauds Investors With "Holy Spirit" Day Trading System

Tyler Durden's picture

Submitted by Daniel Drew via,

Holy Spirit

While it remains unclear if the Holy Spirit was behind these trades, one thing is for sure: When Charles Erickson's investors opened their recent statements, they said, "Holy Shit!"

As reported by Ponzi Tracker, Charles Erickson of Uxbridge, Massachusetts was looking for a way to supplement his retirement income. Despite having no day trading experience, Erickson jumped head first into the E-Mini Russell 2000 futures contract. In testimony provided to the Massachusetts Securities Division, he said,

It's going to sound a little strange to you, but ... I believe the Holy Spirit showed me this system.

Apparently, the machinations of the Holy Spirit are proprietary. When asked for further disclosure, he said, "I don't want to give my system away." However, he certainly had no reservations about letting his investors give their money away. He promised them monthly returns of 4%. It seems like a small number, but annually, that's about 50%. The 25 "investors" were convinced, and they gave him $3.5 million.

The plan started unraveling in 2013 when Erickson sustained significant trading losses. He eventually halted payments in September 2014, and in December, he told investors he had "zero capital and almost zero assets." Erickson later disclosed that the "system" did not generate returns every month and that he would use reserves to pay other investors during those situations, which is the definition of a Ponzi scheme.

Optimistic investors should consider this as a bump in the road. Eventually, we will see a "Holy Spirit ETF" that will work out the kinks in Erickson's system, and we'll all be on the road to riches.

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Fun Facts's picture

trust in god but row away from the rocks

knukles's picture

Halleluiah!  Putchu hai-ands own the Bal-loooomberg and ah paray-ah!

WOAR's picture


Did it work? Wait, I think I see the Holy Ghost as well...

Better call the Ghostbusters...

Automatic Choke's picture

they didn't give an address?  how do i know where to send my money?


acetinker's picture

I just love your dog, but I'm shocked, SHOCKED I TELL YA' that a religious leader might tell their followers to fuck off when the deal goes sideways.  If I need a /sarc tag, we're more fucked than we know.

messymerry's picture

I'm feeling a really (REALLY) big spiritual movement coming on.  I'm going to need a book the size of "War and Peace" for this one...


acetinker's picture

I think we is what we is.  Do I think Jesus was the son of God?  Yeah.

Do I think that each of us share that same status?  Yeah, I do.

All I'm saying is quit waiting for God to solve (save?) you.

God gave you a brain.

Use it!

Fukushima Fricassee's picture
Fukushima Fricassee (not verified) Fun Facts Jul 2, 2015 7:29 PM

James 5:3-4 is a testimony against the bankers who have stolen gold and silver from the people through fraudulently issuing more and more paper contracts that they never intended to honor in the first place.

But James 5 is also a testimony against the banking practice of leasing gold and silver.   For when they do that, their gold and silver literally "rust away", as they attempt to continue to list as assets in their books the gold and silver that is gone!  Truly, gold does not rust, it is only the insane practice of leasing gold that helps to explain how gold could be cankered and rust away.  Furthermore, the verse says that the rust of the gold will be a "witness against you", and today, we see the increasing awareness among people of the fraudulent banking practice of metals leasing, which, increasingly, is certainly a witness against the banks.

azusgm's picture debasement of the metal coinage was an issue about that time. Adulterated silver may well have rusted.

exonomic halfbreed's picture

Please read the book "The mortal sin that was and is not now" subtitled Usury in Christendom.  Certain northern italian families saw that the jews were becoming enormously wealthy from loaning to the royals and decided to push for a convening of the council of cardinals to address this issue.  They decided that usury needed to be redefined as not charging of interest, but the charging of exorbitant interest.   Ever since, the Vatican elite have been quietly aligned with the select families of rabbinical aristocracy.  On a side note,  how is it that the Vatican went from the wealthiest institution in the world to an impoverished entity in less than three generations?   Transfer of assets to the vatican elite (Knights etc.) should be examined by the victims of their past crimes.    =


The Holy Spirit is evident within this man  Give him 5 minutes.

i_call_you_my_base's picture

He should have just said it vaporized. Dumbfuck.

Big Corked Boots's picture

If he was in Joisey, it could have been Corzined!

kaiserhoff's picture

He who invests in magic beans,

  only gets the farts.

nmewn's picture

"It's going to sound a little strange to you, but ... I believe the Holy Spirit showed me this system."

Because the Holy Spirit endorses gambling?

Infinite QE's picture

I heard that was the name of the first Goldman Sachs pawn shop loan business.

Seek_Truth's picture

"And everyone who speaks a word against the Son of Man will be forgiven, but anyone who blasphemes against the Holy Spirit will not be forgiven." - Luke 12:10

'Nuff said.

The Delicate Genius's picture
The Delicate Genius (not verified) Seek_Truth Jul 2, 2015 6:10 PM

Hi there.

You are part of the problem. You and every other credulous cretin who thinks the bible has magic powers or was written by a supreme be-ing.

Seek_Truth's picture

We'll find out who has the problem soon enough.

"For the word of God is alive and active. Sharper than any double-edged sword, it penetrates even to dividing soul and spirit, joints and marrow; it judges the thoughts and attitudes of the heart" - Hebrews 4:12

Coletrane's picture

i love how when ONE church goer does something stupid, his actions are magically indicative of ALL church goers .



but if you apply this rationale to ANYONE else , for some reason, it's not legitimate.

lasvegaspersona's picture

Not ALL churchgoers...just enough to come to Satan's number...which is very close to 3.5 million I hear.

stacking12321's picture

plenty of neo-nazi zhers on here are constantly bashing jews, bashing muslims, bashing blacks.

why not christians, too? are they "special"? are they the chosen ones who must not be talked about in anything other than exalted praises? will their delicate spirits wither away if someone says something that questions their character?

i have no objection to people choosing one crappy religion over another one, but, keep it to yourselves and dont push it on others


Tall Tom's picture

When you make a statement and then, afterwards, I RESPOND to your post  then it is you who is doing the pushing.


YOU exerted the initial force, didn't you?


I will respond to anything that I want...including to your shallow thoughts if I choose to waste my time.


YOU are a waste of time as you cannot even comprehend that it was you who initiated the dialouge..


Just how shallow, thick and slow can you be?


Demonstrate it for me and be a target for faraway laughter.


Your hypocrisy stinks.

exonomic halfbreed's picture

They all belong to variants of the sun worshipping religions but are unaware of this for they do not study ancient religion and their structures.   They are enslaved untill they seek knowledge from sources outside their systems.

nmewn's picture

Most church goers know they're fallible. ALL Keynesians, atheists, politicians and judges know they are not.

The evidence speaks for itself ;-)


Tall Tom's picture

i love how when ONE church goer does something stupid, his actions are magically indicative of ALL church goers .

Overgeneralizations generally serve to yield to one a sense of superiority, often undeserved. It is a classic psychological defense to an inferiority complex.

It amazes me that many people who hold atheist beliefs feel so inferior.

g speed's picture

"there are no atheists in fox holes" -------- nuf said

chunga's picture

The stock price for all these different "gods" would soar if just once, not twice, just once, evil did not win the day.

AGuy's picture

"i love how when ONE church goer does something stupid, his actions are magically indicative of ALL church goers ."

There are two basic types of church goers:

1. The gulible, weak minded people that believe just about anything, especially if the speaker used the words "God" or "Jesus" in his/her message.

2. Those that prey on the guilble, weak minded, either for personal gain, to use there role to influence them for some cause (noble or not). For instance the Catholic church pedophile system.

People would be be best served by ignoring the noise and think for themselves. I dislike organized religion because it prey on people's deep emotions and use their emotions to do harm (ie Wars, money, political power) are almost always connected to religion or religous believed that are usually wrong or misguided. There are also a large number of atheists that aren't really atheists. the just substituted God with Big Gov't and socialism.  What a f***** mess!


Seek_Truth's picture

There are many types who go to church, not just those two.

Many, perhaps most, go to church to network with like minded, moral and principled people that make trustworthy and reliable friends.

Never overlook the social aspect as a major draw.

That having been said, new converts also go to learn the basics of christianity.

But for those who wish to become mature Christians, personal daily Bible study outside of church is a must.

And practicing what one preaches.

exonomic halfbreed's picture

I suggest you study neuro linguistic programming and its effect in catechism resulting in a form of enslavement of the subconcious mind.  The truth shall set you free (not adherence to dogma).

Crawdaddy's picture

The truth is all around you but it will not tap you on the shoulder and ask you to wake up. You have free will and have to change your mind on your own.

Closet Boy's picture

Woe to you, Oh Earth and Sea
For the Devil sends the beast with wrath
Because he knows the time is short
Let him who hath understanding reckon the number of the beast
For it is a human number
Its number is Six hundred and sixty six

-Iron Maiden: Number of the Beast

Monetas's picture
Monetas (not verified) Seek_Truth Jul 2, 2015 8:33 PM

Injury to God and Cops .... should not carry a heavier penalty .... killing a humble private citizen .... is just as evil .... as killing a cop .... or blaspheming God !

jez's picture

This was all God's will, presumably.

He moves in a mysterious way.

I hope you didn't speak to any menstruating women today, Seek_Truth. You know what Leviticus has to say about that.

Seek_Truth's picture

Christ fulfilled the Old Covenant when He instituted the New Covenant.

Therefore, the laws of Leviticus are not required to be kept any longer:

"34Hearing that Jesus had silenced the Sadducees, the Pharisees got together. 35One of them, an expert in the law, tested him with this question: 36“Teacher, which is the greatest commandment in the Law?”

37Jesus replied: “?‘Love the Lord your God with all your heart and with all your soul and with all your mind.’c 38This is the first and greatest commandment. 39And the second is like it: ‘Love your neighbor as yourself.’d 40All the Law and the Prophets hang on these two commandments.” - Matthew 22:34-40

nmewn's picture

Why the caveat word of "presumably"? Why not make a declarative statement and back it up, are you unsure?

lasvegaspersona's picture

So much for the equality of the Trinity...or was Luke some kind of early Protestant?


Seek_Truth's picture

Constantine's corrupt "christianity" circa 300 AD led to the great schism, and later to the Protestant reformation.

All denominations still carry extra-biblical teachings as well as omitted biblical teachings, as was prophesied in 2Thessalonians 2, and Phillipians 1:18.

The true Christian church is nondenominational, and is made up of all who put their faith in Jesus Christ, worldwide.

Salah's picture

The "Great American Mega-Church" scam-o-la will rival Wall Street.  These charlatans have the whole family on the payroll, own numerous suppliers & subcontractors, jets, yachts, mansions, REITS, you name it.  All gaming the tax code.

"singing glory-hallelujah all the time they sock-it-to-ya" Joe South

delacroix's picture

god took your money

kaiserhoff's picture

Always liked your oil paintings.

Do you still take fiat?

suteibu's picture

What does God need money for? Wouldn't be much of a god if he did, would he?

Unless of course, you meant those humans (using the term loosely) who are doing the "God's work" both on Wall Street and from the pulpit.

lasvegaspersona's picture

god may not need money but if he wants some he'll have to get it from the Fed.

AGuy's picture

"god may not need money but if he wants some he'll have to get it from the Fed."

Or Lloyd Blankfein (ie is "Lord" Blankfein to us commoners?)


q99x2's picture

Maybe it is a sign that arrest warrants will be issued for Lloyd Blankfein doing God's work.

Jumbotron's picture

This kind of chicanery is rampant amongst the churches.  These "christians" forget that just because Christ, Church, and Crony Capitalism all start with the same letter they aren't one and the same.


I remember something about serving God or Mammon.  The operative word being...."or".