...and so passes another “Feel Good” church...
It has happened before
A charmistc leader, with a flock hooked on "his" (not His) message
One that comes to mind is the failure of Frances Thomas, an ordained alumna of the Miracle Valley Bible College, [founded in 1958 by alcoholic Pentecostal faith healer A.A. Allen] who purchased land north of Palominas (AZ) and established Christ Miracle Healing Center and Church.
That one ended in a hail of bullets.
This one - the Fed caught up with the 'founders': he Securities and Exchange Commission is seeking to freeze the assets of the Center Harbor Christian Church in order to retrieve any ill-gotten gains resulting from the alleged Financial Resources Mortgages Ponzi scheme.
In a U.S. District Court filing, the SEC said that FRM (along with related companies and individuals) transferred $669,000 in assets to the church over the years, even though that money was supposed to be going toward specific investments.
The church is run by Pastor Robert Farah, the father of FRM's president, Scott Farah, who also served as the church's treasurer and deacon. The church's assets are the only known assets of FRM that are not already in bankruptcy court, according to the SEC, though the bankruptcy court’s trustee is seeking to attach the church’s property.
Then there is: Miracles of Prayer Church/Word of Life Christian Center - more fraud
The CC was big on the TV, so has some coverage. These others are footnotes - but show some churchs are short on the Lord and long on lining someones pockets.
< As always, YMMV