To: circlecity
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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.
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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.
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