PHOTO: Pastor Yonggi Cho Of The World’s Largest Church Sentenced To Prison,

Date: 27-02-2014 2:32 pm (10 years ago) | Author: Maheeda
- at 27-02-2014 02:32 PM (10 years ago)
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David Yonggi Cho, founder of Yoido Full Gospel Church, one of the largest Pentecostal churches in South Korea has been sentenced to three years in prison for embezzling $12 million in church funds.
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Allegations arose in November of last year when 30 church elders held a press conference accusing Cho and his family of stealing millions in church donations dating back to the 1990s.
The elders enumerated multiple instances of Cho’s dishonesty that involved him borrowing and never returning funds, acquiring enormous church donations without disclosing what they were being used toward and even taking an $18 million severance pay when he stepped down as head pastor in 2008.
One former church elder, Ha Sang-ok, was present at the press conference and urged Cho to come forward.
“A sect leader might violate the commandments and do as he wishes, but a pastor cannot do that. Over the past 14 years, I have met with Rev. Cho many times to try to persuade him to repent and return to being a great pastor, but the corruption has continued. That’s why I had no choice but to disclose it to the outside world.”
On February 21, Seoul Central Court found Cho guilty of embezzlement from encouraging church officials in 2002 to buy stock owned by his son at four times the market value,  according to Yohap News Agency. In addition to spending three years in prison, Cho will pay $4.6 million in fines as part of his sentence, though if the church elders were right this is still just a fraction of the total funds he stole.



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Posted: at 27-02-2014 02:32 PM (10 years ago) | Newbie

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