David Yonggi Cho, founder of Yoido Full Gospel Church, one of the largest Pentecostal churches in South Korea has been sentenced to three years in prison for embezzling $12 million in church funds.
Allegations arose in November of last year when 30 church elders held a press conference accusing Cho and his family of stealing millions in church donations dating back to the 1990s.
The elders enumerated multiple instances of Cho's dishonesty that involved him borrowing and never returning funds, acquiring enormous church donations without disclosing what they were being used toward and even taking an $18 million severance pay when he stepped down as head pastor in 2008.
One former church elder, Ha Sang-ok, was present at the press conference and urged Cho to come forward.
On February 21, Seoul Central Court found Cho guilty of embezzlement from encouraging church officials in 2002 to buy stock owned by his son at four times the market value, according to Yohap News Agency. In addition to spending three years in prison, Cho will pay $4.6 million in fines as part of his sentence, though if the church elders were right this is still just a fraction of the total funds he stole.
This is not the first time Cho has been involved in scandal. In 2011, church elders accused the pastor of embezzling $20 milliom and privatizing church assets.
Yoido Full Gospel Church is an Assemblies of God-affiliated congregation and has grown exponentially since 1958 when Cho founded it. The church draws hundreds of thousands of worshipers to every service, according to PBS, making it the largest megachurch in the world.
Despite the recent scandals, Cho, 78, was once a highly respected pastor in Korea and around the world. From PBS:
Pastor Cho is one of the most revered evangelists in Korea. He was a Buddhist until he rejected his religion when he was near death from tuberculosis. He says that’s when Jesus Christ appeared to him in the middle of the night and told him to preach the gospel. So he did. When the country was suffering in poverty and desperation after the Korean War, he preached the gospel of hope through prayer.