Senate Finance Committee to investigate alleged misuse of tax-exempt status to support extravagant lifestyles
From Christian News Headlines:
Breaking News: Republican Sen. Charles Grassley has launched an investigation into six televangelists for allegations of abusing their tax-exempt status. Benny Hinn, Kenneth Copeland, Creflo Dollar, Eddie Long, Joyce Meyer and Paula White are required to submit financial records to the Senate Finance Committee by December 6th.
Congress has the authority to subpoena these televangelists. Some televangelists might be required to testify before Congress concerning their alleged use of tax-exempt donations to support extravagant lifestyles.
In 2005 the Trinity Foundation learned of Grassley’s work investigating financial abuses of nonprofits and contacted the senator about investigating various televangelists. After working together for two years, this investigation is becoming public and could lead to criminal charges, the tax-exempt status of various televangelists being revoked, and new legislation to reform religious broadcasting.