December 5, 2012, Religious Leaders Tell Congress No New Laws Are Needed to Curb Abuse, the Chronicle of Philanthropy, by Suzanne Perry… A report from a multifaceted religious commission tells congress no new laws are needed to curb abuse. The report “fails to deal with ‘thornier’ issues“, according to the Chronicle and we here at the Trinity Foundation think that’s a huge understatement. Please keep an eye on this website for our response.
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Love offerings have become a lucrative method for religious leaders to collect tax-exempt income. In 2005 televangelist Morris Cerullo was indicted for not reporting $550,000 in income. The case was dismissed on a technicality because the grand jury wasn’t informed that the donor’s intent determines if the donation is income or a gift.