Pastor Yonggi Cho Found Guilty Of Embezzling $12 Million, Jailed 3-Years

Pastor Yonggi Cho Found Guilty Of Embezzling $12 Million, Jailed 3-Years

By Wires | The Trent on March 3, 2014
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The 78-year-old pastor of the world’s largest Pentecostal church in South Korea has been found guilty of embezzling $12 million from his congregation and has been sent to prison for a period of three years.

The Yoido Full Gospel Church founder, Pastor David Yonggi Cho, reportedly told his congregation that he had learned a valuable lesson from his experience and he hoped God forgave him for his actions. He added that one of the things that he had learned was that we shouldn’t own any material possessions, only those that come from within.

Cho was found guilty last week of embezzlement by persuading officials of his church to buy shares owned by his son, Cho Hee-jun, who was also found guilty and sentenced to three years. Cho and his son had sold stocks that were only worth one fourth of the amount that his officials had paid.

David Yonggi Cho pictured leaving the court
David Yonggi Cho pictured leaving the court

Cho was also found guilty of tax evasion which could have landed him a more severe sentence, but the judge was lenient with the founding pastor on accord of his service to the members of the public and his congregation.

The founder of the church, which has grown to over 1 million members since its beginnings in 1958, was accredited with being the instigator of the embezzlement scheme which his son played along with. He must now repay those who he cheated to the tune of around $4.6 million.

The Yoido Full Gospel Church is affiliated with the Pentecostal Christian denomination Assemblies of God USA, which was founded at a meeting of several Pentecostal ministers in Hot Springs, Arkansas in 1914.

David Yonggi Cho

Reportedly, Cho Ha Sang-ok, a former elder of the church, had pleaded with Cho to turn back to God and put a stop to his unscrupulous dealings. According to Ha, he had discussed these unethical dealings with pastor Cho on several occasions during a period of 14 years.

Ha went on to say that after repeated pleading with Cho to repent of his corruptive ways, which appeared to fall on deaf ears, he had no choice but to report the matter to the authorities.

However, Dr. Bob Rogers, senior Pastor of Evangel World Prayer Center, Louisville, Kentucky, who has served on the board of Cho’s church and refers to him as a personal friend, believes Cho was purposely defrauded by his son.

(Hattip: All Christian News, Christian Post)

5 COMMENTS

  1. Fruad of whaever kind is wrong.but he that is without sin should be the first to cast the stone.cho is human,it does not make him a devil.my prayer and love goes to you sir.we must pray to our men of God as the devil spears no one.we all stumble but we must uphold one another in prayer.may the marcies of God see us through this journey.

    • He erred cos he’s human,a righteous man falls 7 times and rises 7 times papa yongi I have been blessed by u the lord shall uphold u

    • He erred cos he’s human,a righteous man falls 7 times and rises 7 times papa yongi I have been blessed by u the lord shall uphold u

  2. May the GOD Almighty forgive Pastor Yonnggi Cho his sIn. May GOD uphold him with HIS right hand of righteousness. May GOD re-write Cho’s name in the book of life, in Jesus name.

  3. The story is not complete! Report has it that he personally gave over $180 Million to that same church from his personal venture on books and publications. Can we then say he defrauded church members of $4million.. (The truth is he was played by his son) and He has been placed on probation and not a jail term currently and his erring son will face what he caused… May God restore his man with mercy,grace and power…

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