David Yonggi Cho, pastor of Yoido Full Gospel Church in Seoul, South Korea, has been a personal friend of our family for more than 40 years. He has stayed in our home, and my father and I have served on his church growth board for a combined 38 years. Presently, I serve as president of Church Growth International of the Americas.
Because of the slant of some of the media reports, it is important certain details of the situation be made known. Not only was I present in Seoul during much of the trial, but there was also information disclosed during closed-door meetings which has not yet been made public. I want to share some of this as follows.
First, the Seoul Central District Court sentenced Cho, 78, to a three-year prison term suspended for five years. He had been indicted for allegedly causing financial losses worth more than $12 million. He was also fined $5 million. He will not have to serve prison time, but he is on probation.
Second, Cho’s son, Cho Hee-Jun, 49, was indicted for the same charges. Because he was considered a flight risk, he was immediately taken into custody following a court order after being sentenced to three years in prison.
Cho has three sons. The second and third sons are very productive and work in church-related ministries. His eldest son has been the prodigal. He has been married four times and has been involved in sexual scandals with national personalities. In addition, he has served prison time for investment scams and embezzlement. His scandalized life has been an embarrassment to his family and the church.
Twelve years ago, this son purposely defrauded the church in excess of $12 million in a stock-related scheme. Cho testified that he trusted his elders and son and didn’t check and read the thousands of pages of paperwork, which was prepared for him to sign. Because Cho relied upon the direction of his choice elders and son, he signed the papers. He never received any monies from the transaction.
Third, the presiding judge said, “The court considered that even though Pastor Cho had the final say in the church, he never took the lead in any of the crimes, including tax evasion, committed on the suggestion of the accounting firm.”
The court also considered Cho’s life journey as a religious leader and his long-term contribution to social welfare as mitigating circumstances on his behalf. The court ruled that his son, Cho Hee-Jun, was the instigator of the crime related to the purchase of the shares of 1-Service stock.
Even though Cho established the world’s largest church, with more than 1 million members, he lives a simple life in a 1,000-square-foot church apartment. Neither does he own a car. Cho has raised and given personally to the church more than $170 million.
Dr. Bob Rodgers Sr. is pastor of Evangel World Prayer Center in Louisville, Ky.
To contact us or to submit an article, click here.
Get Charisma's best content delivered right to your inbox! Never miss a big news story again. Click here to subscribe to the Charisma News newsletter.
It's a NEW YEAR! Get ready for a NEW YOU!
- New Year Discounts On Book Bundles & Gifts: Click Here to view all our bundles and save up to 72%! Prayer, Holy Spirit, Anointing, the Supernatural and more.
- Go Deeper with God in a FREE eCourse: Click Here to view all eight of our free courses. Topics include Fear, Forgiveness, Holy Spirit, Supernatural, and How to Hear God.
- Anointed Woman Of God: Rise up and enter the anointing of Deborah, Anna, Esther, Ruth and Hannah. You were called to go higher. Click Here to learn more.
- Never Stop Praying - Prayer Changes Everything! John Eckhardt's prayer bundle gives you six powerful books to help you pray and change any situation. Click Here.
- New Year - New You - Bible Sale!: Click Here to save up to 50% off a great selection of Bibles. Plus, get a free gift with each order!
Subscription Special: Subscribe to Charisma for two years for Only $29.97 and get two free gifts. Gift #1 The Harbinger. Gift #2 The Harbinger II. Both books are by New York Times Best-Selling author Jonathan Cahn. View Offer