Decatur Man Anthony Ray given 12 years for bilking church members

Jan 12, 2012 - 17:16
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Decatur Man Anthony Ray given 12 years for bilking church members
Anthony Ray

A Georgia man has been sentenced to 12 years in prison and eight years' probation after he pleaded guilty to bilking more than a dozen church members out of nearly $660,000 in an elaborate Ponzi scheme.

DeKalb County Judge Gregory Adams sentenced Anthony Ray on Thursday. Prosecutors say between 2006 and 2008, Ray solicited investors for real estate transactions through his company Key Funding Group and told them he was going to invest in distressed property to sell at a profit.

But he never bought the properties or retued the money.

Authorities say some of Ray's victims refinanced their homes or opened credit cards to invest and ended up in bankruptcy because they couldn't repay their debt.

Ray had six prior felony convictions.

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Mike Gallagher Mike Gallagher is a Georgia-based freelance journalist covering local news, community developments, and regional issues that matter most to residents across the state. Writing for Georgianewsday.com since 2016, Mike has built a reputation for clear, balanced reporting and a strong connection to the communities he serves. His work spans city council decisions, school board updates, small business features, public safety reports, and statewide policy changes. In addition to local coverage, Mike occasionally reports on state politics and national headlines, offering readers context on how broader decisions impact Georgia communities. Known for his steady, fact-driven approach, Mike prioritizes accuracy, fairness, and accessibility in every story. Whether covering a town hall meeting or breaking political developments, he aims to inform readers with clarity and integrity. Outside the newsroom, Mike remains actively engaged in Georgia’s civic landscape, always seeking the next story that shapes the state’s future.