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Posted: 10:45 PM Jul 2, 2009
Televangelist Building $4m Home Despite Layoffs At His Ministry
A religious broadcaster is reportedly building a $4 million home at the same time his ministry has cut jobs and reset thermostats to save money in its new headquarters.
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CHARLOTTE, N.C. (AP) - A religious broadcaster is reportedly building a $4 million home at the same time his ministry has cut jobs and reset thermostats to save money in its new headquarters.
The Charlotte Observer reports that Inspiration Networks' CEO David Cerullo is building the 9,000-square-foot lakefront home in a gated community in South Carolina.
Meanwhile, the newspaper reports that the ministry is laying off workers and has frozen wages and stopped making contributions to
employee retirement accounts.
Iowa Sen. Charles Grassley is investigating the finances of other religious broadcasters and told the newspaper that televangelists should not spend viewers' tax-exempt donations on extravagant lifestyles.
Cerullo, who receives $1.5 million in compensation, has said that 80 cents of each donated dollar is used to spread the Gospel.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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