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To: circlecity
.


Yes, you are correct about the Federal Laws Jim Bakker violated.


Jim Bakker also violated the IRS 501-C3 "enrichment clause".

This prohibits tax-exempt charitable corporations from "enriching" Executive Management through high salaries, lavish perks, inter alia.



.

84 posted on 10/15/2014 8:35:15 AM PDT by Patton@Bastogne
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To: Patton@Bastogne
'Jim Bakker also violated the IRS 501-C3 "enrichment clause".

There are similar clauses for general corporations. Roy Cohen got nailed for claiming a $100,000 yearly income/salery from his corporation but enjoying a million dollar a year corporate expense account which he didn't claim as personal income.

89 posted on 10/15/2014 8:46:40 AM PDT by circlecity
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