Personally I hope this man rots in hell. Jesus did say it was easier for a camel to go thru the eye of a needle than for a rich man to enter the kingdom of heaven. I guess that scripture is missing from this person's bible. I am a Christian but am disgusted by people like this idiot who taint our faith. Clearly for this 'reverand' it's all about the money with his phoney schemes.
http://rawstory.com/08/news/2009/05/25/high-flying-evangelical-preacher-comes-under-scrutiny/‘God’s debt cancellation’ donations help evangelist strike it rich
In a detailed investigation of South Carolina’s Inspiration Network, the Charlotte Observer reports that the network’s on-air promises that viewers can obtain prosperity and “God’s debt cancellation” by donating $200 or more have made its CEO David Cerullo a wealthy man and his cable network “one of the world’s fastest growing Christian broadcasters.”
With a salary that in 2007 amounted to $1.52 million, Cerulla is “the best-paid leader of any religious charity” and earns far more than CEOs of larger non-profits, such as Pat Robertson’s Christian Broadcasting Network. An additional $600,000 was paid in 2007 to his wife and children.
Last year, Cerullo’s network had a budget of nearly $80 million, half derived from donations, much of which is going into building the “City of Light” in northern Lancaster County, SC. According to the Observer, “Taxpayers are also helping to pay for it. Eager to bring jobs to a county with 19 percent unemployment, South Carolina offered the network incentives worth up to $26 million to land the campus — a deal that has been questioned by economic development experts.”
Wall Watchers, a watchdog group which monitors religious charities, has called Cerullo’s salary “outrageous” and issued “a ‘donor alert’ to caution people against giving to the Inspiration Networks.” The Observer notes that “IRS rules prohibit nonprofits from paying ‘unreasonable compensation’ to officials. But the agency examines the returns of fewer than 8,000 of the 1.8 million tax-exempt organizations each year.”
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