Earlier this year after The Hamilton Spectator made the public aware Crossroads Christian Communications executivesÂ Ron and Reynold MainseÂ had allegedlyÂ invested in anÂ ponzi scheme,Â the founders sons and their wives were yanked as hosts of the flagship show.
We want to inform you that Ron and Reynold Mainse will not be appearing on any Crossroads programming or otherwise represent Crossroads while they focus their energies on certain matters in their personal lives. They have stepped down from their duties until such time as the Board of Directors has a complete understanding of all of the issues related to a financial investment matter that they were involved in outside of their ministry at Crossroads.
Â In JulyÂ Crossroads boardÂ announced the organizationÂ had beenÂ cleared in aÂ forensic audit;Â personal statements were releasedÂ from both Ron and Reynold acknowledged they had been finders for Axcess Automation/Funds. It is not publicly known how much money the hosts lost,Â or who they drew intoÂ investing during their involvement with Gordon Driver/Axcess.Â Â It is not known if theÂ hosts remained on the payroll during the internal investigation. It is not known if investors drawn in by Ron and Reynold were told what the brothers finder fee was. It is not known how much the brothers made in finders fees.
It appears (and this is vague to me) that retired founder David Mainse who hosted the summer fundraiser will be hosting 100 Huntley Street once a week. I’m open to correction on my understanding.
Ron’s father David MainseÂ has announcedÂ Ron Mainse, President of Communication for Crossroads is returning to the show with his wife Ann the Tuesday after Thanksgiving.Â Â (October 13th?) with a half hour interview with Crossroads Christian Communications US President Jim Cantelon.
InÂ July theÂ charityÂ received an all-clear from the Canadian Council of Christian Charities.
CCCC is satisfied that the board has fulfilled its responsibility to act in a prudent, proactive and thorough manner to address this issue and safeguard the ministry.Â They took the matter very seriously when they became aware of it, and have sought and acted upon several different types of professional advice.Â As it should, the board has exercised independence from management.Â It has acted in what it believes are the best interests of the ministry, as is their duty.Â Beyond these general comments, CCCC will not report what the board has done because it is the responsibility of the Crossroads board and management to determine how much of this information to make public.
After the 1/2 interviewÂ Ron and Ann MainseÂ willÂ return to hostingÂ 100 Huntley StreetÂ by promoting a book associated with an independent film in the US.
The 2008 filmÂ FireproofÂ has beenÂ packaged with a book The Love DareÂ which was part of the story line in the film. It sold 2 1/2 million copies in the US. The screenwriters will be releasing a follow upÂ book this month.
Ron MainseÂ will return toÂ the show withÂ a half hourÂ interview with Jim Cantelon,Â President of Crossroads Christian CommunicationsÂ USA.
No word on Reynold and wife Kathy MainseÂ return to air.
It is not known if Reynold MainseÂ has resumed his position as VP of Missions.Â Â
MainseÂ relative David Rutledge was orderedÂ by the OSC in May to cease all activity with Axcess Automation/Funds.Â Rutledge was the former director of ministries at Crossroads prior to moving to Axcess Funds.Â
There is a civil suit ongoing in the US between Gordon Driver/Axcess Automation/Funds and the SEC/CFTC. As well there is an on-going criminal investigation in the US.
The Commodities Future TradingÂ CommissionÂ court documents state theÂ 13.5 million ponzi scheme targeted 100+ investors from Canada and the US. Investors who were introduced to Axcess Automation/Funds through connections with Crossroads Christian CommunicationsÂ and whoÂ lost a great deal have remained publicly quiet.
ChristianWeek reported in August Ron and Reynold Mainse were not facing charges.
Â Canadian Christianity reported neither brother had taken investment training as was believed when the story became public in Canada.
Did the board do the right thing when it removed the Mainse brothers from their positions at Crossroads? Why did they wait until the Hamilton Spectator story appeared before they took public action? Is there more housecleaning yet to come? How will donations be affected? What other changes are likely?
Media coverage has been odd, a few Canadian media outlets picked up the story but didn’t correct an error calling Crossroads a church. It is not. It is a charity with an off-shoot non-profit cable network, CTS.
A commenter made a reasonable point this summer.
What questions would you ask?