News

Founder of World’s Largest Megachurch Convicted of Embezzling $12 Million

(UPDATED) Pastors defend character of South Korean pastor David Yonggi Cho, who bought stock from ‘prodigal’ son, evaded taxes.

Screenshot of Cho's "homepage" on church website.

Screenshot of Cho's "homepage" on church website.

Christianity Today February 24, 2014
FGTV.com

Update (Feb. 26): Several pastors spoke up after David Yonggi Cho's sentencing to defend his character and values.

First, Cho apologized to his church congregation when elders accused him of embezzling, and refused to blame the crime on his son in court, Taiwanese pastor Mao-Song Chang told The Gospel Herald, which describes itself as "the world's largest pan-denominational Chinese Christian news provider."

Cho also has a simple lifestyle and spends much of his resources on social welfare, Bob Rodgers Sr., pastor of Louisville's Evangel World Prayer Center and a personal friend of Cho, explained to Charisma. He attributes the scandal to Cho's "prodigal" son.

On Sunday, Cho told his Yoido congregation that his conviction was the hardest day of his 50 years of ministry, and said, "God forbid, if God calls me back today, I will still be able to go to the Kingdom of God," reports The Gospel Herald, which notes other details of the 78-year-old's Sunday sermon.

—–

The founding pastor of the world's largest Pentecostal congregation has been sentenced to three years in prison for embezzling 13 billion won (US$12 million) in church funds.

David Yonggi Cho, 78, founded Yoido Full Gospel Church, an Assemblies of God-affiliated denomination that has grown to more than 1 million members. Last year, CT noted how the pastor emeritus faced indictment for an alleged stock scheme with his son.

Last Thursday, the Seoul pastor was convicted of embezzlement as part of a scheme in which he arranged for the church to buy stock from his son Cho Hee-jun at more than three times the market price.

Hee-jun was sentenced to three years in prison for colluding with his father. Hee-jun, 49, previously served as chairman of the Yeongsan Christian Cultural Center.

Church administrators warned David Cho against purchasing the stock at an inflated price, but the pastor said he had to help his son out of a tight spot, according to Cho Hee-jun's arraignment document. Cho was also convicted of evading 3.5 billion won (US$3.2 million) in taxes, according to Yonhap News Agency.

Church elders have also accused the pastor of embezzling additional funds.

The Seoul Central District Court, which handed down its sentence Thursday, ordered Cho to pay a 5 billion won (US$4.7 million) fine. Cho's prison sentence was suspended five years; Hee-jun was jailed immediately.

Cho first came under investigation in 2011, when church elders accused him of embezzling $20 million. Cho also has been criticized for privatizing church assets. CT previously reported on the investigation of Cho, and noted in 2006 that Yoido Full Gospel had selected Lee Young-hoon to replace Cho as head pastor.

Our Latest

The Russell Moore Show

David Platt on All You Want for Christmas

What if the most radical thing about Christmas isn’t that God came near—but that he came to serve?

Excerpt

The Story Behind Handel’s ‘Messiah’

The Bulletin with Charles King

Meet the unlikely characters who defined this musical classic.

News

The Christians Helping People Enslaved by Cybercrime Scam Centers

Erin Foley in Mae Sot, Thailand

After Myanmar’s military raided a compound, a network of ministries helps trafficking victims return home.

Dreaming Against the Machine

Technologies like AI privilege “growth” and “effectiveness” over imagination and inefficiency. God operates differently.

News

Church Provides Shelter, Aid During Bondi Beach Attack

Amy Lewis

Australian Christians are finding ways to support the Jewish community after an ISIS-motivated shooting killed 15.

News

How Rhode Island Churches Responded to the Brown Shooting

Harvest Prude and Kara Bettis Carvalho in Providence, Rhode Island

God “draws near to us in our suffering,” local pastor Scott Axtmann preached after Saturday’s deadly attack. Area ministries were active too.

The Bulletin

Hanukkah Attack in Australia and Christmas Hospitality

Steve Cuss, Mike Cosper, Clarissa Moll

Shootings prompt a conversation about antisemitism and violence, and Being Human’s Steve Cuss discusses God’s hospitality.

Review

Personal Preference Is No Way to Judge Faithful Worship

Steven Félix-Jäger’s new volume on biblical, aesthetic, theological, and pastoral considerations in worship will serve many churches.

Apple PodcastsDown ArrowDown ArrowDown Arrowarrow_left_altLeft ArrowLeft ArrowRight ArrowRight ArrowRight Arrowarrow_up_altUp ArrowUp ArrowAvailable at Amazoncaret-downCloseCloseEmailEmailExpandExpandExternalExternalFacebookfacebook-squareGiftGiftGooglegoogleGoogle KeephamburgerInstagraminstagram-squareLinkLinklinkedin-squareListenListenListenChristianity TodayCT Creative Studio Logologo_orgMegaphoneMenuMenupausePinterestPlayPlayPocketPodcastRSSRSSSaveSaveSaveSearchSearchsearchSpotifyStitcherTelegramTable of ContentsTable of Contentstwitter-squareWhatsAppXYouTubeYouTube