Evangelical Churches siphoned off billions..

August 31, 2009 at 9:56 pm | Posted in Lifescape | Leave a comment
Money collected for charitable work…
clipped from www.religionnewsblog.com

SAO PAULO (AP) – The founder of one of Brazil’s biggest evangelical churches siphoned off billions of dollars in donations from his mostly poor followers to buy jewelry, TV stations and other businesses for himself, authorities charged Tuesday.

Prosecutors charge that money collected for charitable work, evangelism and building funds was used instead to purchase companies. Those companies in turn were allegedly used to launder money, which was then loaned to Macedo and other church leaders, and used to purchase additional businesses, as well as real estate, aircraft and a TV station.

Two of the companies involved are said to have been responsible for moving and concealing more than $71 million.

Authorities claim that Igreja Universal do Reino de Deus, as it is known in Brazil, raises approximately U.S. $ 1.4 billion per year in donations.

In some countries the church works under a local version of the name ‘Stop Suffering’.

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