David Yonggi Cho, Founder Of World's Largest Megachurch, Convicted Of Embezzling $12 Million


Huffington Post, 26 Feb 2014
David Yonggi Cho, founder of South Korea's Yoido Full Gospel Church, has been sentenced to three years in prison for embezzling $12 million in church funds, Christianity Today reported on Monday.
Allegations arose in November of last year when 30 church elders held a press conference accusing Cho and his family of stealing millions in church donations dating back to the 1990s. The elders enumerated multiple instances of Cho's dishonesty that involved him borrowing and never returning funds, acquiring enormous church donations without disclosing what they were being used toward and even taking an $18 million severance pay when he stepped down as head pastor in 2008. Full story

Related:
Kong Hee is a board member of Dr. David Yonggi Cho’s Church Growth International (South Korea) - Wikipedia
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