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Pastor of Center Harbor Christian Church Implicated in Loan Scam Run By Son

Robert Farah, pastor of Center Harbor Christian Church in New Hampshire, says he’s a victim of the alleged scam run by his son, Scott Farah. But in Belknap County Superior Court yesterday, lawyers investigating Scott Farah and his former business partner said Robert Farah profited from his son’s alleged fraud.

Attorney Thomas Donovan, who’s representing several former investors of Financial Resources Mortgage in Meredith, said he and the trustee overseeing Scott Farah’s bankruptcy recently uncovered loan documents, signed by Robert Farah, that detail money collected from investors, supposedly to finance a housing development behind Robert Farah’s church more than three years ago. But only two houses have been built so far, and lawyers say they don’t know where the rest of the money is.

“If that doesn’t implicate Robert Farah, I’m not sure what will,” Donovan told Judge Kathleen McGuire yesterday.

Jim Donchess, a lawyer for the trustee overseeing Scott Farah’s bankruptcy, said his records confirm Donovan’s claims.

“There is a total of $2 million in loans guaranteed by Robert Farah. And there doesn’t seem to be anything close to $2 million in assets to back that up,” Donchess said.

Read rest here.


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Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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