David Yong-gi Cho, Pastor of One of the World’s Largest Churches, Sentenced to Three Years in Prison

Reverend Yong-gi Cho, founder (and now pastor emeritus) of the Yoido Full Gospel Church in Seoul, South Korea (which is one of the largest Pentecostal churches in the world) has recently been sentenced to three years in prison for embezzling church funds. His son will also be serving a similar jail term.

Yong-gi Cho was indicted of causing the church $12 million in losses to his church. According to reports by ChristianPost.Com, Yong-gi Cho had officials buy stocks owned by his eldest son, Cho Hee-jun in 2002 at four times the market value.

The 78-year old pastor who founded the church in 1958 will also have to pay a fine of $4.6 million. His son will also be serving three years in prison for colluding with his father to rob the church.

The Gospel Herald reports that apart from the business with shares, Cho is also guilty of evading 35 billion Won ($3.3 million) in taxes. Pastor Yong-gi Cho first came under investigation in 2011 when 29 church elders accused him of embezzling church funds and privatizing the church assets.

Cho has been given a light sentence by the Seoul court because of his contributions to society, and will therefore have a five-year stay of execution.

Yong-gi Cho

Comments

Pastor Chris Okotie Threatens INEC For Not Registering His Party, Also Claims There Will Be Trouble In Nigeria If He’s Not Allowed To Contest

Lol! This is funny… The Senior Pastor of Household of God Church, Rev. Chris Okotie has been in war with Independent Independent National Elections Commission for not. Re-registering his party Fresh Democratic Party, FDP. He threatened that INEC is playing with fire if his party is denied the chance of contesting for the 2015 presidential elections. Rev. Okotie who is also the presidential candidate of his party, is in a bad state despite the fact that a Federal High court in Abuja had ruled that INEC should re-register his party after it was de-registered which the election body has refused to comply with the court directives. I’m sure you all remember Okotie claimed that God told him to contest every election, the same Okotie is now threatening INEC and Nigeria that if he is not allowed to run, then there will be trouble in country.

Pictures From Tiwa Savage And Teebillz Pre-Wedding Party In Dubai Last Night

Chris Okotie Writes about the NIS Recruitment Stampede

Pastor Chris Okotie of Household of God International Ministries posted this an article on his official Facebook page on the tragic stampede at the Nigeria Immigration Service recruitment. Read; The big news this week was the inauguration of the National Conference, but the deaths of more than 16 young applicants who died in Abuja and other venues, during the Nigerian Immigration Service, NIS recruitment exercise, overshadowed it. This tragedy mirrors the desperate situation of Nigeria. One only hopes that this unfortunate loss of lives, coupled with the incessant Boko Haram killings and other youth-based violence, would serve as a wake-up call to the summiteers, that this country needs a new governance paradigm. If the conference cannot produce that, then the over N7 billion invested in it would amount to another colossal waste of our scarce national resources. It is an irony that each delegate would earn a whopping N12 million for the 3-month duration of the...

egberikoko

Search This Blog