Investigation: Billionaire Televangelist’s Beach Condo for Sale, Wealthy Foreign Pastors Acquire American Real Estate

(Screenshot: Bishop Edir Macedo preaching from Portugal.)

The world’s wealthiest televangelist, billionaire Edir Macedo of Brazil, has listed his beach condo in Sunny Isles Beach, Florida, for sale. After a recent price reduction, Macedo is asking almost $14.6 million for the luxurious residence in the Porsche Design Tower.

Macedo’s neighbors have included Russian oligarchs, soccer player Lionel Messi, Columbian singer Maluma, Mexican actress/singer Thalía and Andrea Romanello Ferdinand, the daughter of Patrick Romanello, whom The New York Times reported was “alleged to be an associate of the Bonanno crime family.”

(Photo: Carl LenderCreative Commons License)

Continue reading “Investigation: Billionaire Televangelist’s Beach Condo for Sale, Wealthy Foreign Pastors Acquire American Real Estate”

Exploring Daystar Programming Partners: Guess Who Owns Six Square Miles of Land?

In addition to producing its own original programs such as Joni Table Talk and Ministry Now and broadcasting Christian movies on Saturdays, Daystar Television Network relies on 69 programming partners to fill its weekly broadcast schedule.

We were curious: How many of Daystar’s programming partners provide financial information to donors?

The following spreadsheet reveals which programming partners file an IRS Form 990 which discloses total revenue, total expenses, and compensation of officers. Unlike other non-profits, churches, synagogues and mosques are exempt from the requirement to file a Form 990.

One-third (23) of Daystar’s programming partners provide a Form 990, which was more than we expected.

Continue reading “Exploring Daystar Programming Partners: Guess Who Owns Six Square Miles of Land?”

Church and Ministry Governance and Leadership

Most Christians don’t give it much thought and trust their leaders.  We tend to look to a pastor, priest, or whomever is in charge as the expert(s).  But members and donors have a responsibility to make sure their tithes and gifts are doing more than simply enriching the person or persons at the top.

Givers should, at a bare minimum, seek answers to: 1) Who governs the organization or church—a single individual with little or no accountability or an independent group of individuals such as a board of directors? 2) Where does the money go? Do they file a public form 990 or publish an audited financial statement?

Trinity Foundation has encountered all types of organizational and church governance (read our Governance Project) and while there is probably no “best” form, there are certain things members should look for and others to be wary of.  We’ve seen terrible examples over and over and can best describe the better leadership forms by what they are not.

Decades ago, we discovered televangelists and pastors had begun eliminating church member oversight and personal accountability.  We found that all decision-making power in a board of directors often consists of hand-picked family, friends, or employees.  We discovered that more and more pastors are consolidating power in their organizations and eliminating church member oversight.

The “smell factor”

If a certain pastor or ministry leader is living lavishly (any one of the following—a corporate jet, a mansion, multiple houses, a luxury car, etc.) this lifestyle begs the question—is this person more concerned about themselves or the gospel of Christ and others? Are they a lover of money?   When the smell is “off”, so to speak, donors need to start asking questions.

The pattern set forth in the gospels is one of servanthood and humility, not of “lording it over” congregations or members.  If it begins to smell foul, both the person and the organization deserve a closer look and some good-old-fashioned research.

Questions Donors Should Ask:

Does the leader regularly preach, teach, or advocate the life and teachings of Christ, including the cross?  The Apostle Paul said, “For I determined not to know anything among you, save Jesus Christ, and him crucified.”

Does the pastor or leader constantly refer to themselves, other than confession?

Is the church or ministry transparent?

How are your donations being used?  We can’t emphasize enough that churches and organizations should publish or make available financial documents illustrating how donor money is spent.  They should file the IRS form 990 or publish an audited financial statement on their website.

Do excess church funds simply accumulate to make the church wealthier, or do they help the poor, needy, distressed, and disadvantaged in the community?

Does the pastor or ministry leader’s family control how and where the money is spent?

Is there a group of people that hold the leader responsible, such as an independent board of elders, deacons, or board members?

Leadership Standards

Does the leader have integrity as defined by the Apostle Paul? (1st Timothy, chapter 2) A bishop then must be blameless, the husband of one wife, vigilant, sober, of good behavior, given to hospitality, apt at teaching; not given to wine, not violent, not greedy for filthy lucre, but patient, not a brawler, not covetous; one who rules well his own house, having his children in subjection with all dignity.

 

Televangelists and Pastor Entrepreneurs, Are You in Compliance? March 21st Deadline to Report Company Ownership to Feds

(Photo: Pixabay)

Update: After publication of this article, the Treasury Department announced it will only require foreign companies to disclose ownership in America and that owners of American companies will not be prosecuted for non-disclosure of beneficial ownership information.

After facing court challenges the 2021 Corporate Transparency Act, has gone into effect, requiring many owners of corporations, limited liability companies and sole proprietors to report beneficial ownership information (BOI) to the federal government.

But loopholes in the act have inadvertently made churches the ideal venue for international money laundering.

In prior years, law enforcement would complain about the difficulty of identifying the owners of companies because their names didn’t appear on corporate records.

For some companies, the only contact is a registered agent who doesn’t personally know their client. On other occasions the names of managers of limited liability companies (LLCs) and dummy directors of corporations appear on company registration documents rather than the owner.

This lack of corporate transparency protects terrorists, international money laundering, tax evasion, and drug smuggling.

Lack of Beneficial Ownership Hides Aircraft

When reporters Mark Smith and Tanya Eiserer of Dallas-based ABC affiliate WFAA discovered in 2019 that more than 1,000 aircraft were registered to two P.O. boxes in the small Texas town of Onalaska – which has no airport – they began to ask questions. It was, after all, more aircraft than are registered in either Seattle, San Antonio or New York City.

WFAA reported, “In 2008, a plane crashed into a home in Caracas, Venezuela, killing seven people. The pilot was a twice-convicted drug smuggler. The plane was registered in the United States to Aircraft Guaranty Corp. The company never identified the real owner.”

“There’s more: In 2013, a helicopter also registered to Aircraft Guaranty crashed into a golf course in Mexico.  ‘I was never able to find out the actual person who was responsible for that helicopter accident,’ said attorney Ladd Sanger, who represented the families of three of the five people killed in the crash.”

Continue reading “Televangelists and Pastor Entrepreneurs, Are You in Compliance? March 21st Deadline to Report Company Ownership to Feds”

In the News…

The Religion Business update: In November we reported on filmmaker Nathan Apffel’s arrest at televangelist Ed Young Jr.’s Fellowship Church in Grapevine, Texas, for trespassing. Apffel was standing on church property with a poster asking the question, “Ed, what’s your housing allowance today?” On February 25th, Apffel pled guilty and received a 90-day probation. The charge will be expunged from his record if Apffel doesn’t visit the church during the probation period.

Apffel’s seven-part documentary The Religion Business is expected to premiere online at Easter or soon after.

2025 NRB Convention: Televangelists, religious broadcasters and Christian journalists gathered at the National Religious Broadcasters Convention held in Grapevine, Texas during the last days of February.

NRB would have been the ideal institution to call for massive reform in religious broadcasting but instead it has given a platform for corrupt religious leaders.

Continue reading “In the News…”

Perry Stone Claims to Receive no Book Royalties, Shares Limited Ministry Financial Information in YouTube Video

 

To address misinformation allegedly spreading on social media, televangelist Perry Stone created a YouTube video claiming he receives no book royalties for books produced and sold through his ministry and disclosed some of his ministries’ expenses.

“There are millions of people who assume that somehow Perry Stone gets a commission, or he gets a payment, or he gets a royalty from those sales. That is absolutely, totally 100% incorrect … if it takes me six months or a year to write a book and I spend hours, hour after hour after hour and we offer it and print it through the ministry, I get absolutely zero, nothing from those sales.”

While Stone may not receive book royalties, as part of a compensation package, he could be paid a flat rate to write books for his ministry.

Stone’s ministry has operated in a financially secretive manner for more than a decade. Because Stone does not reveal his salary, donors are unable to know if the ministry is providing excessive compensation, which is defined by the IRS as exceeding a million dollars annually.

The non-profit organization Voice of Evangelism Outreach Ministries, also known as Perry Stone Ministries, is based in Cleveland, Tennessee, where the Church of God has its headquarters and operates Lee University.

Continue reading “Perry Stone Claims to Receive no Book Royalties, Shares Limited Ministry Financial Information in YouTube Video”

How Did Televangelist Joni Lamb Acquire $11 Million of Residential Property?

Over time, televangelist Joni Lamb acquired six residential properties worth $11 million, according to research by Trinity Foundation.

Joni Lamb owns four houses in Texas, a home in Georgia and beach condo in Miramar Beach, Florida. This week, Trinity Foundation discovered that Joni still owned the Grapevine, Texas, home she purchased in 1991 along with her husband, Marcus, who died in 2021. Ownership of the property was hidden by the county.

The six properties are worth an estimated $11 million, based off recent sales amounts and estimates on real estate websites.

How Much is Joni Worth?

Continue reading “How Did Televangelist Joni Lamb Acquire $11 Million of Residential Property?”

Financial Secrets: In 2006, Three Televangelists Created Offshore Companies in the Bahamas

(Photos: Kenneth Copeland, Creflo Dollar, Bill Winston)

In 2006, three American televangelists registered four offshore companies in the Bahamas with Trident Corporate Services. Three of the four corporate filings occurred precisely a week apart. The purposes for the four corporate entities are unknown.

While offshore companies may have a legitimate purpose, they are frequently used for tax evasion and to hide assets when, for instance, a rich husband expects a possible divorce.

Offshore corporate registrations are a critical component of international money laundering.

In December 2024, the IRS launched an investigation into Trident Corporate Services’ parent company Trident Global Trust. The purpose of the IRS investigation is to identify Americans who failed to report income generated in offshore locations during the years 2014 through 2023.

Continue reading “Financial Secrets: In 2006, Three Televangelists Created Offshore Companies in the Bahamas”

Religious Court Cases to Watch in 2025

What is Christian journalism lacking? Court reporters! Some of the biggest crimes in the religious world are NOT properly reported because no journalist obtained depositions/court transcripts and then the case gets closed.

Philanthropists can close this void by partnering with media to fund court reporters.

Bloggers, YouTubers, and social media commentators may also fill this gap by researching court documents, attending court hearings, and interviewing attorneys to find out how laws are applied. Religion reporters may enhance their investigative skills by covering court cases.

The following cases, while not an exhaustive list, may be viewed as opportunities to examine allegations of corruption in the church world and to learn about America’s court system.

Continue reading “Religious Court Cases to Watch in 2025”

Worship Leader Acquires Nine Homes and Two Parsonages

(Photo: Worship leader Sean Feucht singing the song “There is a Name” in 2018.)

In 2022, Rolling Stone published a critical article about Sean Feucht, the conservative worship leader from Redding, California, who attracted large crowds by opposing Covid-19 lockdowns.

Rolling Stone reported, “He’s also pulling in millions for his ministry — and recently bought houses in Southern California and Montana.”

Feucht is part of a growing trend of religious leaders engaging in long distance ministry, spending much of his time far from his ministry headquarters in Washington, D.C.

Sean Feucht Ministries has acquired two parsonages, one in Washington, D.C. worth almost $900,000 and the other in San Juan Capistrano, California, purchased in 2024 for $3,450,000.

Trinity Foundation has also identified nine homes personally owned by Feucht, registered in his real name, John Christopher Feucht: One in California, one in Montana and seven in Pennsylvania.

The Redfin real estate website reports that two weeks ago, Feucht sold his Coto de Caza, California, home for $1.7 million.

Continue reading “Worship Leader Acquires Nine Homes and Two Parsonages”