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Old 08-05-2015, 09:03 AM   #108
OBW
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Join Date: Apr 2008
Location: DFW area
Posts: 4,384
Default Re: Questions about Daystar

Where did the money to pay off the Daystar debts come from? Probably something a little like some of those big-named radio and television evangelists did to cover their shortfalls.

An example (without names, but many will figure out where I got it). Start encouraging people to send in money for a prayer tower. You will get prayed on from it if it is built. It is built, but not fully funded.

So a new project is conceived. Send in money for this one and [blah blah blah]. Some of the money get siphoned to pay for the remaining costs of the prayer tower. Since the second project is now short, start a third one. The example included building a hospital to train doctors, and care for the sick, but it was overly large for the city in which it was built. Eventually things began to not get finished. And there was a bit of a scandal over some of it.

It seems that in the case of Daystar, the source is not known, but suspected. The money for payment came from Anaheim (not necessarily the church — probably indirectly from LSM) and went to special accounts set up in some cities for the purpose of quietly paying off the debts. I believe Don Rutledge spoke of one such account in Dallas. If the LSM source is correct, then training fees and book sales of a non-profit organization paid for the debts of a for-profit organization.

Unfortunately, it appears that no one who actually knows is alive or willing to speak on it.
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