EXPLOSIVE REPORT!! GOSPELS WINANS FAMILY DEFRAUDED CHURCH MEMBERS OUT OF MILLIONS OF DOLLARS . . . COMMITTED MASSIVE FRAUD . . . HOPEFULLY YOU DIDN'T GET GOT!!! (DETAILS INSIDE)

MediaTakeOut.com just learned of some TERRIBLE news. Members of the Gospel family the Winans are being accused of running a PONZI scheme, and defrauding churchgoing Black folk out of as much as $11 million.

Heres how the scheme went. Michael Winans Jr, a former member of the gospel group Phase 2 who is the son of Michael Winans Sr. of the quartet The Winans and grandson to Delores Winans and David Winans, went to Black churches in the Detroit area selling bonds. The bonds were supposed to be backed by interests in Saudi Oil companies.

But the bonds were actually fake. Authorities told MediaTakeOut.com that Michael used his connections in Detroit churches, and his family name Winans to draw investors between early 2007 and late 2008. He scammed hundreds of people out of between $2.6 and $11 million.

For anyone that may have been SCAMMED, here is what the Office of Financial and Insurance Regulation said about he scam:

Our investigation found that Michael Winans Jr. orchestrated a scheme that resulted in hundreds of Detroit residents losing millions of hard-earned dollars. Promising sky-high, guaranteed returns, these scammers unscrupulously fleeced unsuspecting churchgoers who let their financial guard down.