"I just want you to know you aren't
going to church with a crook," Ebbers
By Michael Gormley
ALBANY, N.Y. (AP) September 30, 2003 - The New York attorney
general sued five former and current top telecommunications executives
Monday for allegedly taking millions in profits from initial
public offerings of stock without disclosing potential conflicts
Attorney General Eliot Spitzer alleges that Qwest Communications
International Inc., WorldCom Inc., Metromedia Fiber Network Inc.
and McLeod USA Inc. steered underwriting business to Salomon
Smith Barney in exchange for giving the executives access to
lucrative IPO shares. Once the IPO share prices soared in trading,
the stocks were often sold to result in millions of dollars of
personal profits for the executives, Spitzer said.
"The CEO ... was personally bought off by being given IPO
allocations," Spitzer said at a Monday news conference.
"Small shareholders were left holding the bag," Spitzer
Spitzer also said the deal presumed that Salomon Smith Barney
would deliver favorable stock ratings for the executives' companies
as an inducement and reward for obtaining the investment banking
"The spinning of hot IPO shares was not a harmless corporate
perk," Spitzer said. "Instead it was an integral part
of a fraudulent scheme to win new investment banking business."
The suit accuses former WorldCom chief executive Bernard Ebbers,
Qwest chairman Philip Anschutz, former Qwest CEO Joseph P. Nacchio,
Metromedia Fiber chairman Stephen Garofalo and former McLeod
CEO Clark McLeod of failing to disclose their companies' underwriting
relationship with Salomon Smith Barney as required by state law.
Ebbers allegedly made more than $11 million from several dozen
IPOs in the late 1990s. Anschutz allegedly made $5 million in
profits in the deals, McLeod netted more than $9 million, and
Nacchio took in more than $1 million, according to the suit.
"The executives received huge perks from a vendor who sought
their business," Spitzer said. "This clearly was unjust
enrichment, and it violated the disclosure requirements of state
law. Uninformed shareholders, meanwhile, lost millions of dollars
when the stocks in the defendants companies crashed."
WorldCom, which owns the nation's second largest telephone company
MCI, did not immediately return a call seeking comment. Ebbers'
attorney, Reid Weingarten, didn't immediately respond to a request
Bernard Ebbers, a former milkman in Edmonton, Alberta, Canada,
was ousted in April 2002, at the age of 60, owing Worldcom $400
million in loans. The 6-foot-4-inch Canadian-born businessman,
once one of the world's richest men with a fortune of $1.4 billion,
adopted the town's ways. He attended shareholder meetings in
jeans, cowboy boots and a bolo tie, and started the sessions
with a prayer -- a sure winner in the heart of America's Bible
The ousted chief executive of a giant telecommunications company
rocked with an accounting scandal told his congregation on Sunday
that he was innocent of wrongdoing. Appearing at Easthaven Baptist
Church in Brookhaven, Miss., as usual to teach Sunday school
and attend the morning worship service, Bernard Ebbers made his
first public comments about WorldCom since the disclosure of
$3.8 billion in improper accounting last week, "The Wall
Street Journal" reported."I just want you to know you
aren't going to church with a crook," Ebbers addressed the
congregation at the end of the service.
Now, amid tidal waves of bad publicity over WorldCom's admission
of billions of dollars in accounting shenanigans and possible
bankruptcy, Clinton residents are keeping their fingers crossed
that Ebbers comes out clean. Bernard Ebbers still owes Worldcom
$400 million in loans that were obtained under dubious circumstances!
But he still gets an annual severance pay of $15 million.
The Other Baptist CEO Thieves
It is a fact that Rev. Jesse Jackson has never worked a day in
his life in the private sector, has a net personal worth of over
4 million dollars and directly controls four non-profit organizations.
It had been alleged that Rev. Jackson, a Baptist minister, has
been siphoning money from these organization to support his wealth!
These allegation of financial impropriety turned out to be true
when the media reported in January 2001 that using the ministry
funds over the course of seven years Pentecostal Jim Bakker paid
his lady friend only about one- half ($265,000) of what Baptist
Jackson admitted to paying his mistress in two years ($472,000)
-- and about one-third of what the National Enquirer reported
Jackson has paid ($640,000).
Immediately after he was forced to own up to the love child (the
National Enquirer had DNA evidence), Jackson pledged to withdraw
from public life to "revive my spirit and reconnect with
my family." For a few days, the airwaves were bristling
with accounts of the Rev. Jesse's Jackson's deep suffering and
his "trial of tears."
God's grace worked fast: After taking the weekend off, Jesse
Jackson was back in action this week, just in time for a lucrative
Wall Street shakedown. It's not as if he had done something really
bad, like support a reduction in marginal tax rates.
The woman whose out-of-wedlock child was fathered by Jesse Jackson
said that the civil rights leader dropped a possible third run
for the White House in 2000 partly because of the scandal.
Karin Stanford, a one-time aide in Jackson's Rainbow PUSH Coalition
Washington office, also said her relations with Jackson have
become strained since she took him to court to firm up child
support arrangements. Jackson, she said, has seen his now 2-year-old
daughter only once in the past seven months.
We have seen Rev. Jesse Jackson shake down Toyota, which had
Toyota Motor Sales USA agreeing to spend nearly $8 billion over
10 years to increase minority participation in the company. Conservative
groups who say Jackson continues a "shameless" pattern
of "shaking down "corporate America for" private
gain are attacking him.
Billy Graham has become a god to Southern Baptists and Evangelicals
when to others he is a liar, a thief and a con artist demonstrated
by his taking total compensation of over $500,000 annually for
the last ten years and not disclosing it to his donors while
working less than fifty percent of the time.
His money did not come from God but from the public. His non-profit
tax exemption did not come from God but from the public. Lying
Lyons supporters argued that if his board approved something
that it was all right. But that is not what the Judge who convicted
and sentenced Lyons to jail said.
So why are Rev. Jesse Jackson or Southern Baptist Evangelist
Billy, Ned or Franklin Graham Hiding Their Total Compensation?
How about their friends?
We all know that Billy Graham's favorite verse in the bible is
John 3:16 but very few know that his worst verse is John 3:19-
"For God so loved the world that He gave His only begotten
Son, that whoever believes in Him should not perish but have
everlasting life. "For God did not send His Son into the
world to condemn the world, but that the world through Him might
be saved. "He who believes in Him is not condemned; but
he who does not believe is condemned already, because he has
not believed in the name of the only begotten Son of God.
"And this is the condemnation, that the light has come into
the world, and men loved darkness rather than light, because
their deeds were evil. "For everyone practicing evil hates
the light and does not come to the light, lest his deeds should
be exposed. "But he who does the truth comes to the light,
that his deeds may be clearly seen, that they have been done
in God." John 3:19-21
It is a fact that Jesse Jackson, Billy, Franklin and Ned Graham
and Billy Graham Evangelistic Organization love darkness rather
than light, because their deeds are evil. Everyone practicing
evil hates the light and does not come to the light, lest their
deeds should be exposed. And that is why Billy Franklin and Ned
Graham and all chairmen of religious non-profit organizations
in America hide their total compensation from their donors and
the public. So much for there perceived integrity and their real
Billy Graham (born in 1918) has Parkinson's disease, a progressive
nervous disorder that has already made it impossible for him
to drive a car or write by hand. Graham, an ordained Southern
Baptist (SBC), heads a $100 million a year evangelistic empire,
the Billy Graham Evangelistic Association (BGEA) (Graham is now
paid $101,250 The BGEA also operates a 1,500 acre training center,
"The Cove," located in Asheville, North Carolina. The
Cove was started in 1987 and includes an inn and a Cove camp
for youths ages 9-15. Approximately 5-10,000 adults are trained
there annually in Graham-style evangelism.
Graham's magazine, Decision, reaches 1.7 million people, his
column appears in more than 100 newspapers, his radio program
is on 700 stations worldwide, and several of his books have been
best-sellers. (Angels, published in 1975, sold one million copies
in just 90 days.) Graham has reportedly preached to over 200
million people and once claimed that precisely 2,874,082 of them
have stepped forward to "accept Jesus Christ as personal
Savior" (11/15/93, Time magazine). Former President Bush
called Graham "America's pastor." Harry Truman called
him a "counterfeit" and publicity seeker. Pat Boone
considers him "the greatest man since Jesus." Still
another says Graham "has done more harm to the cause of
Christ than any other living man." Who's correct
Franklin Graham has taken a firmer grasp of the reins at his
father's Billy Graham Evangelistic Association (BGEA). The younger
Graham has been appointed president of the organization, succeeding
John R. Corts who retired last month after 35 years with the
President and chairman of Samaritan's Purse, a Christian relief
organization based in Boone, N.C., Franklin Graham became chief
executive officer of the BGEA in 2001. He has served on the board
for more than 20 years and became first vice chairman in 1995.
It's the law of the land that all non profit chairman of corporations
must reveal their total salary and that Billy, Ned and Franklin
do not speak volumes of their hypocrisy, especially considering
the fact that the Tampa Tribune reported: Although Billy Graham
encourages religious leaders to be open about their salaries
and publish their finances, Howard-Browne would not disclose
what he earns. He says his salary is determined by his board
of directors, which is comprised of four pastors, himself and
his wife. The couple does not vote on his salary. ``People get
hung up on the figure,'' he says. ``But they don't take everything
into account. I don't get a housing or clothing allowance. We
take our kids on the road and that's very expensive.''
Not good enough, says Paul Nelson, president of the Evangelical
Council of Financial Accountability in Washington. Revival Ministries
International is not among its 925 members. ``When you hold yourself
out as a public trust, it's just good practice to be open about
your finances,'' he says. ``If you're not forthright, you leave
a question in the minds of your potential givers.''
For the past five years, the ministry has been audited by Katz
& Kamm, a Baltimore accounting firm. But the tax-exempt church
association is not required to open its books to the public.
`While I applaud them for getting the audit, I would strongly
suggest they go one step further and make their records public,''
SO WHY ARE BILLY GRAHAM AND HIS FAMILY MEMBERS NOT OPEN ABOUT
THEIR FINANCES AND TOTAL COMPENSATION? Although in theory Billy
Graham encourages religious leaders to be open about their salaries
and publish their finances. BECAUSE THEY ARE THIEVES AND HYPOCRITES!
Graham was embarrassed in 1977 when the Charlotte Observer discovered
an undisclosed $23-million fund in Texas, apparently not mentioned
in the accountings of the Minneapolis headquarters. Since then,
anyone who requests a copy of the BGEA audit is mailed one. Graham's
business manager led the formation of the Evangelical Council
for Financial Accountability after Graham said on a national
telecast, ". . . there are some charlatans coming along
and the public ought to be informed about them and warned against
them." (Chapter 2:The Video Vicarage Prime Time Preachers
by Jeffrey K. Hadden and Charles E. Swann)
For the record, Billy Graham helped start the Evangelical Council
for Financial Accountability, a self-policing organization, and
has insisted that neither he nor any other male employees of
his organization meet privately with a woman other than their
wives reported the St. Petersburg Times on Oct 11, 1998.
.In 1992 his ministry, Samaritan's Purse, had a run-in
with the Evangelical Council for Financial Accountability, the
self-policing organization his father helped start. The ECFA
suspended Samaritan's Purse while it looked into Franklin's (Graham)
compensation and use of the company plane.
(FRANKIN'S REAL COMPENSATION AND PERSONAL USE OF HIS COMPANY
PLANE IS STILL A REAL PROBLEM TODAY AND NED GRAHAM'S PROBLEMS
"Total Compensation" is more than your basic minimum
salary. It includes everything including housekeeping, servants,
cars and other perks. For Southern Baptist Billy Graham it includes
the support staff and nurses who provide him with 24 hr care
at his home!
Graham who has legally been stealing his full salary and other
benefits for the last fifty years is unique in his special privileges
in his non-profit religious organization as no other employee
in the Billy Graham Evangelistic Organization other than Billy
Graham is paid a full one hundred percent salary and is allowed
to spend fifty percent of his time in bed or at the hospital.
All this brings out the fact that many prominent pastors and
preachers in America are liars, thieves and even rapists who
are given a clean bill of health by their dumb sheep while other
facts speak differently as demonstrated by the conviction of
Dr. Henry J. Lyons, president of the National Baptist Convention
and Senior Pastor of Bethel Metropolitan Baptist Church in Clearwater,
"President Bill Clinton would make a great evangelist, Billy
Graham told U.S. News & World Report in a interview. Graham
said he was impressed with Clinton's charisma and 'with some
of the things he believes. ... From a biblical point of view,
we should be headed in the direction of goodness and righteousness,
away from crime and immorality,' Graham said, 'and towards one's
neighbors who are in need. I'm encouraged by the emphasis President
Clinton (a Southern Baptist) and Hillary are putting on that.'
It's a fact that Christianity Today founded by Billy Graham
did not report on one of its own pastors Ollin Collins of Harvest
Baptist Church in Fort Worth, and Southwestern Baptist Theological
Seminary's board chairman. A man who resigned amid sexual misconducts
allegations when he was accused of having sexual relationships
with two women who sought counseling.
But it did report about the adultery of a black man and a National
Baptist but not about the adultery of a white man and Southern
Baptist. An adultery that was more hideous and gross because
Collins raped unsuspecting trusting women, while Lyons adulterous
relationships were consensual. It has been said that Lyons will
go down in the history books as "Hugh Hefner of the New
Now concerning the fallen hero, the church had suspended Pastor
Collins with pay pending an investigation. He resigned from his
board position one day after a story in the Fort Worth Star-Telegram
reported the women's allegations and their intent to sue. Southwestern
is the world's largest evangelical seminary, with 3,000 students
on eight campuses.
But of course neither the Seminary nor the Church did anything
for the real female victims but they did help and console the
aggressor? Just like Billy Graham stated about Bill Clinton
"I forgive him . . . because I know the frailty of human
nature, and especially a strong, vigorous young man like he is.
"He has such a tremendous personality that I think the ladies
just go wild over him." In other words it was the fault
of the victims not the victimizer?
Even though a President of an Evangelical Ministry must be blameless,
the husband of one wife, temperate, sober-minded, of good behavior,
hospitable, able to teach; not given to wine, not violent, and
not greedy for money, Ned Graham, the son of Billy Graham, Southern
Baptist minister, president East Gates International, a group
that distributes Bibles in China told Christianity Today in an
interview that he had abused alcohol and spent an "inappropriate
amount of time" with two women on his staff.
Grace Community Church, Southern Baptist Convention, in Auburn,
Washington--which counted Ned Graham, his wife, and their two
sons as members established the fact that Ned Graham was an adulterer,
alcoholic, wife abuser, and drug user and revoked Graham's ministerial
credentials. It directed Graham to stop using the title reverend.
Yet in a style reminiscent of Jimmy Swaggart, who refused to
be defrocked by the Assembly of God denomination, Ned Graham
left that congregation for another church.
Most of the staff and board members of East Gates International
resigned amid controversies. East Gates, in Sumner, Wash., withdrew
its membership in the Evangelical Council for Financial Accountability
after Ned replaced the board members with his sister Ruth Graham
McIntyre, brother-in-law Stephan Tchividjian, and business leader
Graham's sister Gigi Tchividjian has joined the office staff
and Ned Graham continues as East Gates president. The ECFA requires
that a majority of board members not be related by blood or marriage,
which is no longer the case for East Gates reported Christianity
Today. A December East Gates fund-raising letter included a
note from his father saying that "Ruth and I are proud of
and grateful to God for our son Ned." East Gates has distributed
2 million Bibles to Christians in China, Billy Graham said, encouraging
Christians to "back this unique and effective ministry."
Many prominent Baptist evangelists in America, such as Billy
and Franklin Graham, belong to the Evangelical Council of Financial
Accountability that purports to work on behalf of the donor but
in reality exists for the spenders. Although ECFA has in its
possessions the total salaries of all the religious evangelical
non-profit organizations that belong to it, it will not disclose
The Associated Baptist Press - www.abpnews.com on April 3, 2001
also reported that "About half of Baptist organizations
contacted by the independent newspaper Baptists Today would not
disclose salary information for their top executive. Three Southern
Baptist Convention entities said policies allowed them to release
only salary ranges.
Presidents Albert Mohler of Southern Seminary in Louisville,
Ky., and Kenneth Hemphill of Southwestern Seminary in Fort Worth,
Texas, declined to provide any information on compensation. New
Orleans Seminary did not return numerous phone calls regarding
the salary of President Charles Kelley. However, the IRS requires
all colleges and universities to report the salaries of the top
five paid staff members, Brumley explained."
They are all hypocrites and thieves their lack of accountability
by their CEO's proves it. They are nothing but crooks and con
artists and their smooth words do not change this fact! Otherwise
hypocritical Baptist leader who preach integrity to others would
not hide their salaries but be honest and state the "total
compensation" of their five top employees, including Billy
and Franklin Graham!
So it's a fact that Jesse Jackson, Billy, Ned, and Franklin Graham
are not only liars but thieves and hypocrites who preach integrity
to others but don't have it themselves!
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