Authorities say Richmond heads Life Ministries, a storefront church located at 4054 Fox Valley Center Drive in Aurora.
Police were alerted to the possible crimes in April of 2009 after a 60-year-old parishioner told them Richmond had swindled about $400,000 from him by asking him to help purchase the shopping center property where the church is located and help fund the building of a new church.
Authorities say over the next few months, Richmond allegedly used the same story to deceive a 43-year-old Aurora man out of $8,000 and a 64-year-old Chicago dentist out of more than $67,000.
Police say they don't know what Richmond did with the money.