Pastor Jim Staley – Chronology of Significant Events (2004-2015)

jim001To confirm these details please reference the sources cited below the listing.

Deuteronomy 19:15 “A matter must be established by the testimony of two or three witnesses.”

2004

[1] On April 14, 2004, Jim Staley registered the domain “passionfortruth.com” through enom inc.
tinyurl.com/pft2004

[2] Jim began posting his own teachings on the Passion for Truth website. tinyurl.com/staley2004


2008

[3] B&B Equity Group, LLC was incorporated January 2008

[4] Jim Staley formed Wealth Financial LLC. on February 5, 2008.
tinyurl.com/wealthfinancial

[5] Jim Staley Became a B&B Agent sometime in 2008.
tinyurl.com/plea-page3

[6] Jim Staley incorporated Passion For Truth Ministries as a 501c3 on April 22, 2008.
tinyurl.com/pftinc

[7] (2008) With intent to defraud, Jim Staley willfully and knowingly engaged in an investment scheme, bilking 11 investors out of $3.4 million in order to get $570,000 in commission for himself. Staley carried out this scheme through a number of materially false and fraudulent statements to induce potential investors. Throughout the scheme, Staley was fully aware that his investors would lose all their money.
tinyurl.com/jimguiltyplea

[8] On December 4, 2008, Jim Staley’s “producer” insurance license lapses.
tinyurl.com/staley-2008-1

2009

[9] Jim Staley failed to comply with a February subpoena ordering him to provide information about the insurance investment scheme.
tinyurl.com/jim-subpeona

[10] On March 2009, the State of Missouri issues Staley a Cease and Desist for selling the B&B product without a “securities” license. They also notified Staley that he failed to disclose facts to his investors and that he’d been making false statements of material facts.
tinyurl.com/jstaley2009, http://tinyurl.com/jstaley2009-2

[11] Staley continues to sell his securities product 3 more times (Post cease and desist) knowing that it was illegal for him to do so. He also continued to make the same false and fraudulent statements that the securities division warned him about.
tinyurl.com/plea-page6   tinyurl.com/Jim-Indictment 

2010

[12] Staley continues to sell one more of his securities product (post cease and desist) knowing that it was illegal for him to do so. He also continued to make the same false and fraudulent statements that the securities division warned him about.
tinyurl.com/plea-page6   tinyurl.com/Jim-Indictment 

[13] On May 11, 2010 The Missouri Dept of Revenue files tax lien stating that Jim Staley owes $95,030 in unpaid taxes, interest and penalties for years 2002-2006. Keep in mind, this was right after Jim just made $570,000 in commissions.
tinyurl.com/jimtaxes

[14] On July 14, 2010, Staley’s 4,560 Sq Ft house is foreclosed upon, and he squats on the property for 33 months (Into 2012).
tinyurl.com/jstaley-2010

2011

[15] On or around Sept 30th, Jim Staley publishes a Youtube video titled “What is true faith?” where he falsely claims that his house has been paid off. In this teaching Staley also claims that he is completely debt free, despite the fact that a year earlier the state of Missouri filed a certificate of tax lien for $95,030.02 in unpaid taxes.
tinyurl.com/staley2011

2012

[16] On March 5, 2012, the Missouri Department of revenue forces Staley to pay $3,392 in back taxes.
tinyurl.com/jims-2012-tax  

[17] On Dec 3, 2012, The Missouri court rules in favor of the lien-holder and Staley is forced to pay 33 months in back payments for squatting on a foreclosed home (33 months = $81,048).
tinyurl.com/staley-foreclosure 

[18] In a Youtube video published in December 2012, Jim Staley denies any criminal involvement stating that the securities case was like running an unknown stop-sign. Staley fails to mention how he continued to illegally sell the B&B product after the cease and desist while continuing to make materially false statements to his clients knowing they would lose their money.
tinyurl.com/jimexplanation1

2013

[19] In a second Youtube video published in January 13, 2013, Staley likens his securities infringement to running an unknown stop sign because he didn’t know his product was was deemed a security in Missouri. In this video, Staley claims that he would “never intentionally break the law”, however, Staley fails to mention his fraudulent criminal activity and how he continued to sell the B&B product after the cease and desist knowing it was illegal for him to do so.
tinyurl.com/jim-explanation

[20] On January 18, 2013, the Missouri Department of revenue forces Staley to pay $95,030.02 in back taxes, interest and penalties for unpaid taxes between 2002-2006 through garnishments.
tinyurl.com/jims-2013tax

[21] On April 20, 2013, staley says “I’ve been in the Hebrew Roots Movement now for 10 years, studying deeply for 7.”
tinyurl.com/10yearsHR

[22] Jim Staley claims that “we (PFT) will have a larger worldwide congregation than Moses did…over 2.5 Million.”
tinyurl.com/jim-over2million

[23] Jim Staley moves into a 1 Million dollar, 7,500 sq ft rental home. Claims it is God blessing him.
tinyurl.com/staley-home

2014

[24] On May 5, 2014, Investor Varghese wins civil suit against Staley for $165,000 related to his investment scheme.
tinyurl.com/jstaley2014-2

[25] On June 18, 2014, Jim Staley is Federally Indicted for fraud charges. The story makes local news.
tinyurl.com/staley2014-1

[26] Staley hires high profile STL attorney Scott Rosenblum and pleads “not guilty” to the charges.
tinyurl.com/staleycase

[27] In a video published on June 29 Jim Staley falsely claims that he is innocent in the charges and blames the indictment on demonic persecution.
tinyurl.com/jimclaims

2015

[28] On April 30, 2015, Jim Staley pleads guilty before a Federal judge to 4 counts of wire fraud and to willfully and knowingly engaging in an investment scheme, bilking 16 investors out of $3.4 million in order to get 20% in commission for himself. Staley admits that he carried out this scheme through a number of materially false and fraudulent statements to induce potential investors. He admitted that he was fully aware that these investors would lose all their money. Staley also admitted to selling the product after the Missouri cease and desist, knowing that it was illegal for him to do so.
tinyurl.com/jimguiltyplea

[29] On May 3, 2015, Jim Staley publishes a brief video statement admitting to 4 counts of wire fraud. He fails to mention any additional details pertaining to the case. He also claims that these events happened “prior” to his involvement in ministry, despite the fact that he incorporated PFT in 2008 and registered the “passionfortruth.com” domain back in 2004.
tinyurl.com/guiltyvideo

[30] On an August 1st, 2015 Live Stream, Staley denied personal responsibility for his crimes stating that he was in the wrong place at the wrong time going as far to compare himself to the biblical Joseph, claiming that his situation was “very similar.”

[31] On an August 19th, The Hon. Judge Webber gave Staley a prison sentence of 84 months (7 years), followed by 3 years of supervised release.

[32] On October 2, 2015, Staley was remanded eighteen days before his incarceration date. He is currently located at USP Marion as inmate #41812-044 serving his 7 year sentence.

(Present) Staley has yet to publicly address the numerous misrepresentations that he made as a Pastor regarding his criminal involvement with the securities scheme.

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