Pastor David Yonggi Cho Sentenced to 3 Years for Embezzling $12 Million

Daivd Yonggi Cho
Pastor David Yonggi Cho was sentenced to three years in prison for embezzling $12 million in church monies. (Facebook)

Pastor David Yonggi Cho, 78, founder of the world’s largest Pentecostal church, was sentenced to three years in prison for embezzling $12 million in church monies.

Cho birthed the Yoido Full Gospel Church in South Korea, which is affiliated with the Assemblies of God, in 1958. The church has more than 1 million members, making it the largest congregation in the world.

Cho was convicted last week of embezzlement for having officials buy stocks his eldest son, Cho Hee-jun, owned in 2002. His officials bought 250,000 shares of the stock at four times the market value, according to news reports.

Cho has to pay about $4.6 million in fines as part of the case. His son was also sentenced to three years in prison.

The Yonhap News Agency reported that the judge believes Cho should be severely punished for committing breach of trust, especially for a person of his status in society, but gave a light sentence for tax evasion because of Cho's positive contributions to society.

Get Spirit-filled content delivered right to your inbox! Click here to subscribe to our newsletter.

Join us on our podcast each weekday for an interesting story, well told, from Charisma News. Listen at charismapodcastnetwork.com.

Great Resources to help you excel in 2019! #1 John Eckhardt's "Prayers That..." 6-Book Bundle. Prayer helps you overcome anything life throws at you. Get a FREE Bonus with this bundle. #2 Learn to walk in the fullness of your purpose and destiny by living each day with Holy Spirit. Buy a set of Life in the Spirit, get a second set FREE.

Your Turn

Comment Guidelines
View/Add Comments
Charisma News - Informing believers with news from a Spirit-filled perspective