by Moody Adams “The January 2011 issue of the International Bulletin of Missionary Research reported that Christian religious leaders will commit an estimated $34 billion in financial fraud . . . while $31 billion will be spent on global missions.”
The Center for the Study of Global Christianity estimate that Christian religious leaders will skim $90 million in financial crimes daily. Growing at a rate of 5.97% a year this will increase to $60 billion annually by 2025.
“Dr. David Barrett, the first editor of the World Christian Encyclopedia and a researcher for the Center, has been studying religious financial fraud for more than 20 years. According to Dr. Todd Johnson, the Center’s director, these statistics were the result of Barrett “developing a balance sheet for global Christianity.” Barrett was “trying to understand the totality of Christian finance.”
Ed Young of Fellowship Church in Grapevine, Texas, “was paid $240,000 a year as a parsonage allowance; that’s in addition what sources say is a $1 million yearly pastor’s salary."
The Charlotte Observer reported that televangelist David Cerullo of The Inspiration network “was paid nearly 1.7 million” in 2008. He also received $331,881 in nontaxable benefits that year.
Kenneth Copeland doesn’t disclose his income but brags that he is a billionaire.
When Crystal Cathedral filed for bankruptcy, its financial records revealed “$832,490 in tax-exempt housing allowances given to eight people …”