Senator Chuck Grassley, a Republican from Iowa, is investigating the alleged financial misconduct of six televangelists. He asked the ministries to turn over documents of their financial information. Senator Grassley begun this investigation five years ago and now he wants to close the leak down. He is probing on other non-profit organization too. It is hard to investigate on his organizations because there are issues with governance and transparency.
Senator Grassley said that "financial transparency is a must even if it's not legally required."
ECFA president Ken Behr said that there ministries that are being investigated are giving too much money to televangelists. He want to know if the ministries are paying too much money to these six people. Since these are large ministries, it is hard to probe into their organizations, since a great amount of money is being cycle throughout the system. Behr said that the ministries could survive this investigation if they are willing to cooporate with the investigation. He thinks that it is a good idea for them to be transparent so things would be easier for them to handle.
Senator Grassley said that "financial transparency is a must even if it's not legally required."
ECFA president Ken Behr said that there ministries that are being investigated are giving too much money to televangelists. He want to know if the ministries are paying too much money to these six people. Since these are large ministries, it is hard to probe into their organizations, since a great amount of money is being cycle throughout the system. Behr said that the ministries could survive this investigation if they are willing to cooporate with the investigation. He thinks that it is a good idea for them to be transparent so things would be easier for them to handle.
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