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Tag Archives: christian city church movement

Lifestyle Of The Rich & The Shameless

16 Saturday Nov 2013

Posted by Nailed Truth in C3 & Pringles Associations

≈ 5 Comments

Tags

c3 church, c3 movement, CHC, chc confessions, CHC Confessor, Christian City Church, christian city church movement, Christian City Church Oxford Falls, Cultural Mandate, Kong Hee, Phil Pringle, Sun Ho, US, USA

In this article, we have CHC Confessors writing about what they’ve seen and learnt of their experience with Kong Hee, Sun Ho and the City Harvest Church scandal. In our first CHC Cofessors article, it is exposed that “$1,000,000 was distributed to Sun’s “Singaporean supporting crew” in USA as “hardship allowance”.” A CHC Confessor states in our second article, 

“I was there in USA with her for some months. I saw the kind of extravagance and lifestyle that would put the prodigal son to shame. By saying this, I’m sure PK and Sun can guess my identity but it doesn’t matter now. If you are going to keep buying into his lies and the false promise of a Suntec “Home”, you are going to be very disappointed. And poorer too. Just use a simple litmus test – did this whole saga bring praise to Jesus… or shame?”

The reason why we are publishing these comments from CHC Confessions on C3 Church Watch is because these articles are very informative.

First CHC Confessor writes,

Kong Hee, Tan Ye Peng, and John Lam – Let’s look at how amateurish, audacious, opportunistic and crafty they are through the sagas of Galaxy Capital loan and Glory Capital loan.

I will not go into the details of the plundering of the $138,000,000 (approximate) Arise and Build Funds that led to the need to borrow $50,000,000 Galaxy Capital loan to purchase the additional 19.2% stake in Suntec in August 2012.

A brief background:

In March 2010, City Harvest Church announced a $310,000,000 “deal” to be a co-owner of Suntec Convention Center and to use part of the space (around 44%) for its religious services on weekends for 10 years.

City Harvest Church officials were tight-lipped on the details of the “deal”, citing a Non-Disclosure-Agreement (NDA) with the vendor, an Indonesian consortium who had just bought 80% of the Suntec Convention Center from ARA Asset Management, owner of the Suntec REIT.

Why is the deal shrouded in secrecy?

Unknown to the congregation, the “deal” only involved the purchase of a mere 20% stake of Suntec Convention Center for $43,800,000, valuing the property at $219,000,000.

The balance $266,200,000, which is more than the entire value of Suntec Convention Center, was for:

a) A 4 + 6 years deal to rent 44% of the space, of which the rental cost is around $15,000,000 each year.
(The projected return from the 20% stake was around $2,000,000+, giving a yield of 4+% each year.)

b) A hefty shifting budget.
During the first year in Suntec Convention Center, the shifting cost was around $15,000,000, cleverly broken into four parts to make it less conspicuous.

c) A one-off Audio-Visual equipment cost that was reported to be around $13,000,000.

d) A $5,500,000 rental deposit, minor renovations, and services for Audio Visual Installation.

At that time, the Arise and Build Fund had raised around $100,000,000 (approximate) but it was so depleted that a bridging loan (paying 9% interest rate) was even needed to pay for part of the $43,8000,000 purchase.

In August 2011, the Indonesian consortium decided to cash out with a hefty Internal Rate of Return (IRR) of 64.8% or Equity Multiple of 2.2 times. To the Indonesian consortium, City Harvest Church was a Santa Claus as City Harvest Church is paying top dollars for rental and keeping the facilities 98% leased.

Suntec REIT, who already owns a 20% stake, was given the First Right of Refusal for the 60% stake put up for sale by the Indonesian consortium.

Suntec REIT shrewdly offered 19.2% of the stake to City Harvest Church at $54,000,000, just to give City Harvest Church a 49% minority stake in the vehicle that owned 80% of Suntec Convention Centre.

The Arise and Build Fund had raised around $123,000,000 (approximate) by 2011. But it was so depleted that City Harvest Church needed to borrow $50,000,000 to pay for the additional 19.2% stake at $54,000,000.

Why buy an additional 19.2% when there is no more fund while tithes and offerings were falling?

After the CAD’s raid in May 2010, Kong Hee and gang knew that they could not hide behind the NDA anymore.

There would be an uproar if the congregation knew that the “deal” dubbed “Our Promised Land” had only a 20% ownership costing only $43,800,000.

City Harvest Church is willing to pay $310,000,000 just to own a 20% stake in Suntec Convetion Center, and use 44% of the space for weekends only for10 years. The valuation of the property at the purchase price was only $219,000,000!

To make this deal that made no financial sense more palatable to the congregation, Kong Hee and gang gladly committed to buy the additional 19.2% stake at $54,000,000 when there was no fund left in the Arise and Build Fund.

Galaxy Capital Loan:

To raise the fund, Tan Ye Peng and John Lam went around to borrow from the banks but were unsuccessful.

It was not just the ongoing investigations that turned the bank off.

There were four tranches of outstanding “super-low-interest unsecured loans” given to AMAC Capital in the form of Special Opportunity Funds, amounting to $17,935,000, that spooked the banks.

These four tranches (Tranche 13, 14, 16, and 18) of unsecured “loans” were lent to AMAC Capital from November 2009 to May 2010, just prior to the CAD’s raid on 30 May 2010. These unsecured “loans” had been rolled over since August 2011.

In other words, these loans were already in default.
However, during the rounds with the banks, Tan Ye Peng and John Lam learnt something.

1) Front-end fee. This is a one-off and negotiable fee usually used by the banks to charge an additional 0.5-1.0% fee just to improve the margin.

2) Private Equity Fund will lend to a high-risk client like City Harvest Church for a hefty interest rate of 15% per annum, if the loan is fully secured by collateral.

When Tan Ye Peng managed to convince an ultra-high net worth church member, who is related to the Indonesian consortium, to help set up and arrange for Galaxy Capital to lend $50,000,000 to City Harvest Church at 10% per annum over three years, Kong Hee and gang saw an opportunity.

Knowing that the market rate is 15% as City Harvest Church was having such a bad publicity, Kong Hee and gang did the following:

1) Incorporate 3%, 4%, and 5% front-end fees for the amount of outstanding loan in the beginning of year 1, 2, and 3 of the Galaxy Loan. That is $1,500,000, $1,600,000, and $1,500,000 respectively. A total of $4,600,000 to be paid as front-end fees to an unknown party.

2) They told this ultra-high net worth member that the mark-up was needed to help pay for the $20,000,000 + “loans” secretly borrowed from other churches and individuals to redeem the Xtron and FIRNA bonds after the CAD raid in May 2010.

The continuous plundering weighed on the finances of City Harvest Church. It was so bad that the progress payment for Galaxy Loan could not be repaid in Year 2.

John Lam, despite his suspension by COC, worked on and put up a refinancing proposal.

The new Investment Committee recommended against the refinancing proposal as hefty multi-year front-end fees were again incorporated for the 5-year deal.

In the financial markets, a 3-5% and multi-year front-end fee is highly suspicious and inappropriate, especially when it is not clear on who is actually receiving the fees.

Glory Capital Loan:

After the failed attempt at refinancing, Kong Hee and gang then bypassed the new Investment Committee and put Bobby Chaw as the front person to do the Glory Capital Loan.

Kong Hee and gang craftily structured the Glory Capital Loan to achieve the following:

1) “Legitimize” the questionable multi-year front-end fee as if it is a normal practice in the financial industry.

2a) Artificially boosted the value of Suntec Convention Center to $500,000,000 by giving it a conversion price of $46,000,000 for the 9.2% stake to be forfeited by Glory Capital; should City Harvest Church default on the loan.

2b) The actual conversion price is only $33,000,000 as there is an irrevocable front-end fee of $13,000,000 to be paid to Glory Capital even if the forfeiture takes place. This will give Suntec Convention Centre a valuation of $358,700,000.

2c) City Harvest Church acquired the 39.2% stake at $97,8000,000, valuing Suntec Convention Centre at $249,500,000.

However, Suntec REIT carried out a $180,000,000 Asset Enhancement Initiative to give Suntec Convention Center a facelift, the liability of City Harvest Church’s 39.2% stake in Suntec Convention Center is $70,560,000.

3) In essence, City Harvest Church will most likely retire the outstanding $42,000,000 of the non-performing $50,000,000 Galaxy Loan by forgoing a 9.2% stake in Suntec Convention Center.

This is after paying at least $30,000,000+ in fees and interest to both Galaxy Capital and Glory Capital.

4) Eventually, City Harvest Church will retain a 30% stake in Suntec Convention Centre, projected to yield a dividend income of $3,000,000 – $5,000,000 a year.

City Harvest Church also assumed a liability of $54,000,000 for the $180,000,000 renovation loan taken up by Suntec REIT.

In summary:

1) It is unlikely that the initial NDA in 2010 was the initiative of the vendor (Indonesian consortium) as the cost of shifting, equipment, and minor renovation did not concern the vendor at all.

Motive:
Kong Hee and gang used the NDA to “mask” the true composition of the $310,000,000 “deal”.

It is absurb that City Harvest Church asked the congregation to progressively pay up $310,000,000 just to own a 20% stake in Suntec Convention Center and rent 44% of the space on weekends only for 10 years; when the property was valued at only $219,000,000 at the time of purchase!

2) The Arise and Build Fund was cleverly mandated to pay for the rental of premises also. This is a financially imprudent practice of matching a recurring long-term rental expense with an extraordinary ad-hoc income of Arise of Build Campaigns.

It is clear that the stated goal for the investment in Suntec Convention Center to self-sustain cannot be achieved. ($3,000,000 to $5,000,000 dividend income versus $15,000,000 – $30,000,000 in rental/shifting/service fees)

Motive:
This frees up more than $10,000,000 from the general operating budget of City Harvest Church. Kong Hee and gang can then freely allocate these funds in the general operating budget to “Mission Donations” with little transparency and accountability.

A case in point, City Harvest Church donated $3,000,000 to City Harvest Church KL.

We understand that the City Harvest Church KL only got to keep $300,000. The balance $2,700,000 was promptly distributed as follows:

a) $1,700,000 was distributed to Mark Kwan and Henry Chee.
b) $1,000,000 was distributed to Sun’s “Singaporean supporting crew” in USA as “hardship allowance”.

3) The non-permanent nature of the premises at Expo Changi and Suntec Convention Center entailed constant shifting each year.

Motive:
Hefty mark-up in shifting costs when hundreds of volunteers helped out with the moves. Some people are getting very rich. Just ask Henry Chee.

4) There is so much “fat” built into the $310,000,000 “deal”. After the acquisition of an additional 19.2% stake at $54,000,000, the “deal” still stands at $310,000,000.

Aries shamelessly thanked that people who are doing the shifting for their hard work to make the “savings” possible.

Motives:
This will give Kong Hee and gang the means to fleece the church while making the yearly Arise and Build Campaign a necessity for a long time to come.

To my dear brothers and sisters in City Harvest Church:

You might have been told that the leadership had “Right Motives, Wrong Methods.”
You might have been told that God had given Kong Hee a vision to reach out to the lost souls through cultural mandate.
You might have been told all the siphoning and unlawful acts are to fulfill God’s vision given to a man of God.
I will leave it to you to decide what you want to do.

The funds that are being round-tripped and debated in Singapore court recently; at least now we know where these monies ended up – funding the lavish lifestyle and personal ambitions of Kong Hee and Sun.

But there is at least another $10,000,000 to $20,000,000 of God’s money that was/is being siphoned off each year through mark-up in procurements and services provided to City Harvest Church, and dubious “Mission Donations” with little transparency and accountability.

Whose pockets did these monies end up in?

What is Kong Hee’s net worth?
No one really knows but some in the know guess it is in the region of $40,000,000 to 70,000,000.

Recently, many OMs and MMs watched Reverend Bobby Chaw on stage trying in vain to convince them that the borrowing of $50,000,000 (12.5-15% interest rate + a total of $17,600,000 in irrevocable front-end fees) to buy an additional 19.2% stake of Suntec Convention Center was such a shrewd investment (3-4 +% dividend yield).

Reverend Bobby did not even bother to explain why the Arise and Build Funds were so depleted in the first place.

Many of these members must be thinking:
Is this the guy that I want to lead myself and my family in our spiritual walk?

Kong Hee and gang are going to kick start another round of Arise and Build in October 2013, with 6, 7, or 8 more to come.

If you think Kong Hee and gang should be exposed, please forward this article to any member of City Harvest Church that you know, or anyone you think that may know a member of City Harvest Church.

God bless.

From: CHC Confessions, Facebook, https://www.facebook.com/CHCConfessions/posts/676453235707390, 30/09/2013. (Accessed 16/11/2013.)

proof_facebook-hardshipallowance_16-11-2013

CHC Confessions also had another fascinating post. If you would like to know more about where Kong Hee got the false “Seven Pillars of the Cultural Mandate” teaching, tune into this episode of Fighting for the Faith. Listen to the second hour where Chris Rosebrough reviews C. Peter Wagner, (who is the founder of the ‘New Apostolic Reformation’).

NOVEMBER 02, 2010

Tinfoil Pyramid Hat Episode

Dowload

• Only You Can Save Ed Young, Jr’s Private Jet and Mansion
• 3rd Eagle Explains How the Chilean Mine Rescue Proves We’re in the Tribulation
• Dr. Cindy Trimm Explains Our Dominion Over the Galactic Dimensions
• C. Peter Wagner Gives a Primer on Dominionism

(Source:Tinfoil Pyramid Hat Episode, http://www.fightingforthefaith.com/2010/11/tinfoil-pyramid-hat-episode.html, 02/11/2010.)

It’s worth noting that Phil Pringle is influenced by the teachings of Peter Wagner. There is no way that Kong Hee was suddenly ordained by God to fulfill a “Cultural Mandate”. It is more likely he was influenced by men like Pringle or Wagner and decided to call it something else to stand out in the community of Asian churches.

The confessor writes,

In principle, you can’t fault PK’s sermon last weekend. He spoke about the seven pillars of the Cultural Mandate: Religion, Family, Business, Education, Government, Arts & Entertainment and Media

What he said in his 70-minute long sermon, I can summarise in one minute – Be the salt and light wherever God has planted you, You can be a Daniel and a Joseph if you rise to the top of your profession where you can be in a position of influence whether for society, your company, your nation and ultimately to propagate the gospel. Nothing wrong with this.

The problem is that PK was using this sermon to justify Sun’s crossover into the pillar of Arts & Entertainment. Why is it a problem? Because in the first place, Sun is not a pop star and never will be. And after getting caught with his hands in a cookie jar he is now using the Cultural Mandate as an excuse. After years of denying any use of CHC funds for Sun’s career, suddenly it’s now – yes we did use millions of (the-sky-is-the-limit) dollars belonging to the church to TRY to make her a pop star but it was all part of the Cultural Mandate.

Daniel and Joseph did not have to “pretend” to be somebody they were not. They didn’t have to compromise or manipulate to get into their position of influence. The got there through simple obedience to God and non-compromise to the world. What Sun did in Hollywood was a TOTAL opposite from these men of God. Before she even got near to any genuine position of fame, success and influence, she was already compromising big time. I don’t have to remind anyone of China Wine, Mr Bill, photos with porn stars, tongue hanging out and fingers in a vulgar sign. Boobs half hanging out in tasteless photos. Was all that suppose to win people to Christ?

If this Sun Ho/Crossover/Cultural Mandate excuse holds water, does that mean it’s alright for PK to use the building fund to enter into politics to assimilate himself into the pillar of Government?

Members of CHC, I was there in USA with her for some months. I saw the kind of extravagance and lifestyle that would put the prodigal son to shame. By saying this, I’m sure PK and Sun can guess my identity but it doesn’t matter now. If you are going to keep buying into his lies and the false promise of a Suntec “Home”, you are going to be very disappointed. And poorer too. Just use a simple litmus test – did this whole saga bring praise to Jesus… or shame?

When this whole thing started with COC, PK said there will be no problem. When CAD arrested them, he said there will be no charges. Now after two tranches of court trials, he tells you this whole episode will end in 2014 and then God will bring about a revival because of his sacrifice in going through this difficult time. He may finally be right after all cos there is definitely a good chance of a real revival after he goes to jail.

Source: CHC Confessions, Facebook, https://www.facebook.com/CHCConfessions/posts/680871881932192, 9/10/2013, Accessed 12/10/2013.

proof_chcconf-WitnessToHo_13-10-2013

NOTE: ALL SCREEN GRABS WERE TAKEN ON OR BEFORE 15/11/2013.

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C3 Asheville Scandal – C3 ‘Pastor’ Nick Dimitris: The Liar (Part 5)

23 Wednesday Oct 2013

Posted by Nailed Truth in C3 Asheville Scandal

≈ 9 Comments

Tags

asheville citizen times, c3 asheville, c3 church asheville, c3 movement, charged, christian city church asheville, christian city church movement, conspiracy, dean sweetman, Dimitris, hickson, keith vinson, liar, Nick Dimitris, pastor nick dimitris, Phil Pringle, Pringle, scandal, stephen hickson, Sweetman, vinson

Recently Dean Sweetman has been commenting on C3 Church Watch. He is the regional director and overseer of the C3 Churches in the Americas. Before reading the below newspaper articles, please familiarise yourself with the background of the scandal that C3 Pastor Nick Dimitris was involved in and how the C3 Church leadership reacted to him.

C3 Asheville Scandal – C3 Pastor Facing Prison (Part 1)
C3 Asheville Scandal – C3 Pastor “Pleads Guilty In Bank Fraud Case” (Part 2)
C3 Asheville Scandal – Sweetmans Do Nothing Against Fraudulent C3 Pastor? (Part 3)

C3 Asheville Scandal – Four “People… Have Pleaded Guilty” Including “[C3] Minister… Nicholas Dimitris” (Part 4)

Back in 2012, there was  a “7 Days of Praise” conference from January 2nd-8th. On the 9th of January, the first article hit the paper about the bank fraud scandal Pastor Nick Dimitris was involved in.

This was when the church first found out about it. Nick Dimitris made the below comment the following Sunday,

“Hey I want to read a statement to you church and give you an update. Emily and I want to update you on some news about our family and the circumstances that has arisen. Over two years ago we purchased property from some folks who are currently under a federal investigation in pursuit for multiple proprieties. These individuals and the bank that provided the financing were allegedly involved in illegal behaviour.

Although we had no knowledge of their misbehaviour, we’ve been required to participate with the federal government in this case since we were the buyers. This has put us in a very difficult position and cooperation was not an option in the matter. Our testimony now is a very critical part of the case against these individuals.

You may have seen information about this in the media. And if so, please realise that the media is very good at misconstruing facts, which is misleading at best. Nevertheless, it sells papers. We cannot control what the media does or how they represent the circumstance.  But let me assure you church, the facts of the matter have been given to our overseers and a team of leaders within the church. And they’re all standing with us in full support and have counselled us to work with the federal government in their process.

Although this is a challenge and a big challenge for us, we will get through it. And this circumstance will not affect the church operations as we move forward. Please pray and stand with us as we build the kingdom and move forward securing location and the future to make accommodations for growth as God builds his church.” – Nick Dimitris, C3 Asheville, 15/01/2012.

Nick Dimitris, on the 15h of January 2012, lied to church members. He claimed, “we had no knowledge of their misbehaviour”. He was heavily involved in the scandal and the courts have charged him guilty.

Fast forward to 2013 and people can see that the front page of the Asheville Citizen Times has the ring leader of the Asheville bank fraud conspiracy, Keith Vinson, in prison today and guilty of all charges.

We have been informed by reliable sources that Keith Vinson had multiple meetings with ‘Pastor’ Nick Dimitris in his office regarding all of these dodgy loans. This was also confirmed by staff and people that worked with Dimitris. 

The above transcript records Nick Dimitris standing in front of C3 Asheville stating that all he did was buy real estate off people who were being investigated. He lied to the church as it was actually a conspiracy.

The transcript says that an oversight team was standing behind him. Stephen Hickson was the oversight for C3 Asheville. He stated plainly that Nick Dimitris should be removed. Dean Sweetman overrode Hicksons decision and Hickson resigned as oversight. The entire deal was a farce and one man (Dean Sweetman) had all the power. Oversight, board, staff, congregation all had zero power other than to leave or resign. In saying this, we would like Dean Sweetman to offer his side of the story.

Dean Sweetman, who visits this website, says he’s been waiting for the final outcome. With some of the things stated in the article below, Dean Sweetman should be very concerned in standing and defending Nick Dimitris. He hasn’t been sentenced yet but this article highlights the fact that all of the guys, including Nick, are guilty.

So what is Dean Sweetman going to do with ‘Pastor’ Nick Dimitris?

The Asheville Citizen Times reports, 

Seven Falls’ Vinson guilty
Developer faces up to 30 years in prison

ASHEVILLE — A federal jury convicted failed Seven Falls developer Keith Vinson on Thursday in what prosecutors described as a illegal conspiracy involving millions of dollars intended to save his “beautiful dream.”

Vinson was found guilty on all charges contained in a 13-count indictment that alleged conspiracy to commit bank fraud, conspiracy to defraud the United States, misapplication of bank funds, wire fraud and money laundering.

Some counts carry penalties of as much as 30 years in prison and a $1 million fine.

Vinson had been free on pretrial release but was jailed Thursday night to wait for sentencing, which will happen at a later date.

“When you risk the funds of federally insured banks through fraudulent loans and transactions, be prepared to pay the price,” U.S. Attorney Anne Tompkins said in a statement. “Today’s outcome will finally bring some justice to those defrauded by Vinson.”

Seven Falls filed for bankruptcy in 2009. The development was planned to accommodate 900 homes and an Arnold Palmer-designed golf course on 1,400 acres, potentially adding $1.25 billion to Henderson County’s tax base.

Vinson had “straw borrowers” take out illegal loans to prop up the development in hopes of preventing foreclosure, Assistant U.S. Attorney Don Gast said in closing arguments to the jury Thursday.

“These were sham transactions,” Gast said in Vinson’s fraud trial in U.S. District Court. “He knew the banks couldn’t loan him any more money. He sent in straw borrowers to borrow on his behalf.

“Mr. Vinson and his co-conspirators turned this sad tale into a crime. This was a conspiracy and a fraud, and it was one that caused two banks to collapse, and that’s what causes taxpayers to have to eat those losses.”

Defense attorney Clark Fischer argued that the government’s case was based on “speculation and conjecture” as well as “guilt by association” with other defendants who pleaded guilty to the scheme.

Vinson didn’t know about or participate in obtaining the illegal loans used to buy lots in Seven Falls, Fischer said.

“The evidence is very clear that Keith Vinson made bad business decisions,” he said during closing arguments Thursday.

“He clearly bit off more than he could chew. Keith Vinson stands before you as a failed businessman, but he committed no crime.”

Jurors deliberated Thursday for more than four hours following eight days of testimony. The evidence included 26 witnesses and hundreds of documents.

Vinson declined to testify, and the defense elected not to put on any evidence. He showed little or no emotion as the judge read the jury’s verdict. Vinson did shake his head and appeared upset as the prosecution motioned to revoke his pretrial release.

Reporters were asked to leave the courtroom for about five minutes as specific details of his income were discussed and his cross-examination with Gast became testy at times.

Assistant U.S. Attorney Mike Savage said Vinson began the venture with a $25 million bank loan to be repaid with money from the sale of lots. But Vinson ran out of money in 2008 when the economy tanked and the sales dried up.

The prosecutor said Vinson and his fellow conspirators came up with a “lot loan scheme” that involved straw borrowers buying lots with loans they didn’t intend to repay. Vinson was unable to borrow more money because of rules designed to limit banks’ exposure to any one borrower.

Gast cited the testimony of real estate investor and codefendant Avery Ted “Buck” Cashion III, who said he often talked with Vinson about the conspiracy to obtain illegal loans.

“All of that fraud involves that man,” said Savage, pointing to Vinson in the courtroom Thursday. “Is there any reasonable doubt? The answer is no.”

But Clark said Vinson never asked anyone to make an illegal loan and that it was Cashion who directed the scheme. Cashion testified that Vinson never told him lie to bank officials.

“It was Buck who was in the banks every day trying to get these deals done,” Clark said. “Keith Vinson was not a conspirator with Buck Cashion. There is no evidence Keith Vinson did anything improperly.”

Clark said Vinson wasn’t present at any loan application or signing.

Ten co-defendants already had pleaded guilty in connection with the scheme, which left Vinson as the only conspirator left to stand trial.

According to the 27-page indictment, Vinson and others “devised and executed various schemes to defraud federally insured banks and others to forestall the failure of their luxury residential development.”

Three defendants who had been scheduled to be tried along with Vinson entered guilty pleas last month. Former Pisgah Community Bank President Thomas ”Ted” Durham Jr. and retired appraiser Aaron Ollis each pleaded guilty to conspiracy to defraud the United States. Accountant George M. Gabler pleaded guilty to withholding information about a crime.

Cashion and real estate investor Raymond “Ray” Chapman Jr. pleaded guilty last month to one count each of conspiracy to defraud the United States.

Durham and former Bank of Asheville President George Gordon “Buddy” Greenwood “conspired to conceal the risks posed by Seven Falls-related loans from their shareholders, auditors and regulators,” court records state.

Greenwood pleaded guilty to bank fraud charges and was sentenced in May 2012 to four years in federal prison. According to court records, Greenwood was involved in illegal loans to Vinson totaling nearly $6.8 million.

Problems with Seven Falls played a key role in the fall of the Bank of Asheville.

The Federal Deposit Insurance Corp. shut down the bank in January 2011 and transferred its assets to Troy-based First Bank because of big losses on loans.

Pisgah Community Bank also failed because of the conspiracy, according to the government.

Source: Clarke Morrison & Romando Dixson, Seven Falls’ Vinson guilty, The Asheville Citizen Times, http://www.citizen-times.com/article/20131018/NEWS/310170091/Seven-Falls-Vinson-guilty, 18/10/2013. (Accessed 20/10/2013.)

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Where There’s A Phil There’s A Way

08 Thursday Aug 2013

Posted by Nailed Truth in C3 & Pringles Associations, Pringle's Influences, Pringle's Issues/Events, Pringle's Outcomes

≈ 61 Comments

Tags

bevere, c3, c3 conference 2011, c3 conference 2012, c3 conference 2013, C3 Global Presence Conference 2011, C3 Global Presence Conference 2012, c3 global presence conference 2013, C3 Presence Conference 2011, C3 Presence Conference 2012, C3 Presence Conference 2013, Casey Treat, ccc, CHC, chc scandal, Christian City Church, Christian City Church Global Presence Conference 2011, Christian City Church Global Presence Conference 2012, Christian City Church Global Presence Conference 2013, christian city church movement, Christian City Church Oxford Falls, christian city church presence conference, Christian City Church Presence Conference 2011, Christian City Church Presence Conference 2012, Christian City Church Presence Conference 2013, Christian City Church Sydney, City Harvest Church, David Yonggi Cho, Ed Young, John Bevere, Kong Hee, legislation, Phil Pringle, Pringle, scandal, Singapore, yonggi cho

HOW KONG HEE IS GAINING FINANCIAL SUPPORT FOR HIS LEGAL DEFENSE

We find the City Harvest Church scandal perplexing. Why are Singaporean authorities allowing Kong Hee to leave Singapore to resume ‘pastoral’ duties? This article will be examining how both Kong Hee and his Advisory Pastor Phil Pringle have been using churches outside Singapore to financially support Kong Hee’s legal battles.

We have been analysing Phil Pringle’s Presence Conferences and what Phil Pringle has been teaching us about Kong Hee’s circumstances.

Thanks to Phil Pringle, we have learnt how Kong Hee is gaining financial support for his legal battles. Earlier this year, Phil Pringle said the following:

“I was in Singapore last week ah- folks with our good friends Kong and Sun Hee, although they are very rarely there when I am speaking because it gives them a chance to get out amongst the Asian community or various parts around the world and share in churches their burden ‘n what they’re facing and keep support happening and maintain a healthier relationship and communion with the wider body. And so that’s part of the reason why I am able to go there and uh- and they’ve just had ah- one really interesting breakthrough in this last week where the Commission of Charities (that’s the organisation overseeing charities in Singapore) has exonerated Sun from all ah- all charges against her so-“

Source: Phil Pringle, “Awakening — Part 1″ – Phil Pringle, http://www2.myc3church.net/videos/awakening-%E2%80%93-part-1-phil-pringle, Sunday 14th April 2013. (Accessed 15/04/2013.)

Why is Kong Hee leaving CHC to “share in churches their burden”? Why does he go to other churches to “keep support happening”? Why is Kong Hee heavily involved with Phil Pringle’s Presence Conferences? The answer is very simple.

Back in his 2011 Presence Conference, Phil Pringle prophesied over Kong Hee and then encouraged all the churches gathered to financially support Kong Hee. Not once was it explained to those who attended why he was under investigation. While encouraging people to give, take note what Pringle says,

“Then, I think it was even more for him. I can’t remember the figures. But I know that for- they had to raise seven million dollars for members of staff and others to travel. That’s just that area. If you’ve ever been to Singapore, you know how expensive this place is. To fight the case he has had to employ a legal firm. And I know what the bills are. They are nearly a million dollars each time they come. Between half a million and a million dollars each time those bills come. His church is not allowed to pay one cent of his personal cost that he is incurring in this battle. He has to find it himself.

He’s sold his house. He has scratched together everything he can. One of the things that I’m doing is going there. I’ve made a commitment to be there once every two weeks. Normally it ends up being once every three weeks because of a variety of commitments that I’ve already got and doing things. But when I’m gone, he’s able to travel. And when I’m there, he’s able to travel and preach and find support amongst Asia and other churches.

Uh- I know that he was finding it hard to put some money together to get a cup of Starbucks at one stage. And uh- it’s a challenge. There’s been new legislation passed on the use of commercial spaces in Singapore since this case has come. So the religio- the restriction on his church is severe, ah, in that area [inaudible] after their purchase, go into co-ownership with ah, SunTec. And we’re in there. I will be speaking there in a couple days time. I will be on Friday to speak there happily.” – Phil Pringle, http://www.youtube.com/watch?&v=uwNignarJCg, Presence Conference 2011.

If it costs Kong Hee and his team “nearly a million dollars each time they come” to speak at Presence Conference, can you imagine how much Kong Hee is receiving in love offerings? Remember that when Pringle preaches at CHC it allows Kong Hee “to travel and preach and find support amongst Asia and other churches”. So why does Kong Hee travel if it is so expensive? Why go speak at a church event like Phil Pringle’s conferences? What does Kong gain? Pringle answers this above when he says,

“There’s been new legislation passed on the use of commercial spaces in Singapore since this case has come. So the religio- the restriction on his church is severe, ah, in that area [inaudible] after their purchase, go into co-ownership with ah, SunTec.”

What is this new legislation? We can’t find any specific information on this. However Phil Pringle stated,

“His church is not allowed to pay one cent of his personal cost that he is incurring in this battle. He has to find it himself.”

Does it make sense now? If new Singaporean legislation has established that City Harvest Church cannot support Kong Hee’s legal battles, it explains why Phil Pringle is speaking in Singapore so often. It allows Kong Hee to gain financial support from different churches around the world. It explains why Kong Hee is invited back to speak at Phil Pringle’s Presence Conference.

And guess what? Kong can say whatever he wants to whoever he wants… and get away with it. How would Singapore know what his agenda is in other countries? Who would bother keeping him accountable to what he says around the world?

Well we have all the audio we need to prove that Phil Pringle has been allowing Kong Hee to use his C3 Presence Conference to financially support Kong Hee’s financial battles. To confirm that Kong Hee is in fact receiving financial support from Phil Pringle’s C3 Movement, Kong Hee prayed the following at Presence Conference 2012 on the first night (not the opening night):

“Father I just pray even right now from the front to the back, from the left to the right, that tonight you move in a great way. Lord you know that it’s been a tiring time for the last twenty three months. For every step of the way, you’ve been with me, you’ve been with us. And Lord for all that C3 has poured into City Harvest Church, I pray that you multiply back to them, every church –every leader, thirty fold, sixty fold, a hundred fold for your glory we pray. Amen.” – Kong Hee, Presence Conference 2012, http://www.youtube.com/watch?v=zeIYljvQ0G0: 18:11, Day 1.

In this prayer, Kong Hee acknowledges that “C3 has poured into City Harvest Church”. By ‘poured’ he means ‘financially poured’. If you are not familiar with the term “thirty fold, sixty fold, a hundred fold”, it is Word of Faith jargon that means financial multiplication. The idea is that if you give financially, god will multiply your returns supernaturally. The weird thing about this prayer is that Kong Hee said C3 poured money into City Harvest Church. Why does CHC need the cash? Doesn’t Kong need the cash?

While it is debatable if the money above went to CHC or to Kong Hee, the prayer above informs us that Kong Hee IS getting money out of C3 conferences for possibly his benefit. It could be debatable that the money above went to CHC or to himself.

Because Phil Pringle asked people to give money specifically to Kong Hee’s legal battles back in 2011, it is of our opinion that Kong Hee here in 2012 was acknowledging that he received this financial support, using his church as a safeguard rather than saying he received the financial support personally.

Furthermore, in this same sermon we also hear a very one-sided and propaganda-like presentation of Kong Hee’s situation. So we are seeing what Pringle has said about Kong Hee to be true. Phil Pringle’s Presence Conference was a place Kong Hee felt safe enough to “share… their burden ‘n what they’re facing and keep support happening”.

This sermon not only had the above prayer. This sermon is the very sermon that has caused controversy in Singapore where Kong Hee claimed that God apologised to him. This is why we believe some people are outraged with the latest snippet – they know Kong Hee is distorting the severity of the case for his personal and financial gain. Read again what Kong Hee said on the first night of Presence Conference 2012:

“And [God the Father] said, ‘My son, I’m so sorry that you need to go through this alone. But you need to die and you need to go through this to be the Saviour of the world!’ And God the Father had broken and He wept as He turned His face, when His son took the sin of the whole world.

I was saying all this and I’m hearing myself behind the pulpit- and I froze. I could not utter another word. And I sobbed and I shook. Because those were my exact sentiments.

“Father, Father! Why? My God! My God! Why have you forsaken me and thrown me to the dogs?”

And for the first time in eight months, I heard the voice. It is not the voice of a strict angry judge that only want me to perform and build a big church and nothing I do is ever good enough for him. No. It’s not a voice of angry judge. It’s not the voice of a slave driver. That just wants to take and take and wring me dry. But it was a voice of a tender, loving, broken-hearted Father.

For the first time in eight months, God – I heard Him crying. And He said, “My son, Kong, thank you! Thank you for going through this. I need you to go through this alone so that you and City Harvest Church can be the man and the ministry I call it to be. I’m so sorry. But you need to go through with this by yourself, to bring a change to your generation”.

Oh come on! Give the Lord a big hand tonight!

I hear God saying for the first time in eight months, “I love you! I love you! I love you!” Waves upon waves of God’s love- the love of the Father, just, saturated me. All I could say was, “Abba! Abba!! AABBAAAA!!! Daddy! ABBA!!!” And I knew, everything was going to be, alright.

Everything was going to be alright.” – Kong Hee, http://www.youtube.com/watch?&v=FKVSXfjhB14, Presence Conference 2012, Night Service, 11/04/2012.

The absolute negligence of Pringle inviting Kong Hee to speak at Presence Conference from 2010 to 2012 was scandalous. He gave Kong Hee the floor to present his propaganda-like stories diguised as sermons. Furthermore, Kong encouraged people in the 2012 Presence Conference to empty their bank accounts so God can financially bless Christians. Not once did Phil Pringle or Kong Hee give an accurate account as to why he was under investigations or why he was facing charges. Why Kong Hee and Phil Pringle are not under severe scrutiny by government watchdogs in Australia, we do not know. Why are they not being scrutinised for misleading thousands of people at these events? Would they be giving Kong Hee financial support or emptying their bank accounts at Kong Hee’s command if they knew the severity of the investigations?

The negligence continued when Phil Pringle allowed Kong Hee to speak at Presence Conference 2013. Recently Pringle asked ignorant Christians attending to once again give sacrificially to financially support Kong Hee’s legal case.

Here Phil Pringle said,

“I would like you just to take a card, an envelope if you’ve got one nearby. And if you’d like to participate in this, I’d like you to consider doing that. Whatever you can do it would be helpful, I know, to them. This will all go completely to Pastor Kong to help with his- costs. He has to pay this week $680,000 I think it is, for his legal fees. He’s covering his whole team’s fees. They have to mount a vigorous defense over three years. Those numbers weigh heavily on- on a person and they have prohibited him from asking his own congregation for any help.

He can not use any of his own church funds. They’ve sold there- they sold the unit they were in. Others have moved to help them in other countries and I would like to think that we can be friends to these people in one of their darkest hours.” – Phil Pringle, http://www.youtube.com/watch? &v=2g-BB9BF7xk , Presence Conference 2013.

The picture again presented is that new Singapore legislation will not allow Kong Hee to use “any of his own church funds”. Instead, just like what was occurring in Phil Pringle’s C3 Presence Conferences, it appears that other churches “have moved to help them [Kong Hee and Sun Ho] in other countries”.

Since Phil Pringle made a video where a number of pastors decided to support Kong Hee, we are starting to see that deeper controversies are growing in this scandal and expanding across the globe. We also observed that Kong Hee spoke at Ed Young’s church in 2011.

proof_exc3ed2011_konghee_08-08-13

Kong also spoke recently at Ed Young’es C3 2013 Conference.

Kong Hee, Singapore Megachurch Pastor Arrested for Fraud, Visits Ed Young’s C3 2013

Did Kong Hee get love offerings from these churches after spreading more propaganda about his plight against the Singaporean government? Why are pastors like John Bevere, Mark Conner, Casey Treat, David Yonggi Cho and many more supporting an alleged crook? Are these the churches that Pringle was alluding to when he said that “Others have moved to help them in other countries”?

Men like John Bevere, Yonggi Cho, Casey Treat and Ed Young have already been exposed as false Christian teachers. Is it any wonder they would support someone like Kong Hee? Are we seeing a banding of false teachers being only accountable to their pack rather than the greater body of Christ?

This scandal needs to be addressed by the universal body of Christ. How far must men like Phil Pringle and Kong Hee go before the church starts dealing with these impostors in the church?

__________
Update 08/08/2013: Provided links and sources to Ed Young’s 2011 Conference.
NOTE: ALL SCREEN GRABS TAKEN ON 08/08/2013.

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Pringle Encouraging CHC Members To Shun Criticism & Promote “Good Guys”

03 Wednesday Jul 2013

Posted by Nailed Truth in C3 & Pringles Associations

≈ 13 Comments

Tags

c3, c3 church, c3 church movement, c3 movement, c3church, CHC, Christian City Church, christian city church movement, City Harvest Church, critics, Kong Hee, man up, Phil Pringle

In his book ‘You The Leader’, Phil Pringle instructs readers how they can make   members defend leaders like himself:

“When we’re in the trenches getting fired at, I don’t want soldiers at my side wondering why their leader is being fired upon. People like this can eventually turn their guns on their leader. They imagine the Enemy must have good reason for shooting at their leader, and so they begin firing also.

Once we’ve been in the trenches a few times, we realize who can be trusted under fire. Even if the leader does make a mistake, that is still no reason for those around him or her to attack. I want to know that my team will be loyal to me when the attacks are unjustified, and when they are justified.” – Phil Pringle, You The Leader, 2005, pg 265-266.

If you do not consider this to be a form of mind control, then consider this article:

C3 Bible College Students Taught To Be Manipulative Leaders

In relation to the above qoute, Phil Pringle recently spoke at his church and started using the above method.

What Is Phil Pringle Trying To Hide? *Update 3* (03-07-2013)

Not long ago, we learnt that Pringle again spoke at City Harvest Church. It comes to no surprise that Phil Pringle refuses to address any substance to people’s claimsabout C3 Church or City Harvest Church. His entire sermon was grooming CHC members to be soldiers and to fight for God. Here is Pringle again conditioning people to not listen to the world outside of the constructed ‘church’.

Well Pringle, Jesus Christ has this to say about your approach to ministry:

“Woe to you, scribes and Pharisees, hypocrites! For you clean the outside of the cup and the plate, but inside they are full of greed and self-indulgence.” Matthew 23:25

People have indeed seen straight through the facade. In response to Pringle’s behaviour, a commentor from CHC Confessions said,

“Phil Pringle the salesman preacher is insulting the intelligence of CHC members by asking them not to visit websites. When the light comes, darkness flees and it’s obvious the CHC leadership is interested is to keep their members in darkness and ignorance.” – Euphamist Ic, https://www.facebook.com/CHCConfessions/posts/629711277048253?comment_id=6796149&offset=0&total_comments=9, 03/07/2013. (Accessed 04/07/2013.)

Looks like Pringle doesn’t want his poor ‘critic’ with “three followers on twitter” to be heard or have him grow in popularity.

“I’m gonna tell the whole world, “You’ve got three followers on Twitter!” – Phil Pringle

Some obvious questions needs to be asked to Phil Pringle’s involvement with City Harvest Church:

    1. Why does CHC insist in having Phil Pringle as their Advisory Pastor?
    2. Isn’t Phil Pringle more of a liability then an asset?
    3. Is Phil Pringle worth the risk for CHC?

What do you think?

EDIT (04/07/2013): We thought it was appropriate to transcribe Phil Pringle:

“…..He says – take a teaspoon of concrete and harden up! Amen? Man up
Pringle – so I put the harness on and I walk into battle and you know, now,
after 30 years, I feel a little weird if there isn’t a problem.

I feel a little bored – I feel like, this isn’t very exciting. We’ve got no
big issues going on.

You’ve got to get used to the feeling that the christian life is a battle.
You get tempted here, people will criticize you there, things are going to
come at you from behind and in front.

AND by the way, don’t go clicking on all those websites, you know, with
negative stuff on them.

Click on truth, amen, click on the good guys, click on all the C3 churches,
CHC (City Harvest Church) churches – ” upgrade” their ratings, “like” this,
“like” this, “follow” him, “tweet” this, “retweet” that.

There’s such a temptation to go and read the junk, the nonsense. But every
time you “click”, you give another vote for it. You know these guys – don’t
do that! What do you want that in your head for anyway?

These are just some more of the battles, there’s just a little battle over
there.

You and I need to front the battle full on, on the inside of our heart and
say “you know, all these invisible forces that try to attack us, I’m going
to stick up the sheild of faith, it’s not going to get me.

I believe God, we’ll get through this, we’ll get through that, we’ll
overcome this, we’ll beat this thing. I’m going to get over that, this is
going to go back from me, I’m not going under, I’m going over.

As you stick up that shield of faith and start speaking the word of God, you
repel all the fiery darts of the evil one. The only way you get good at
fighting is fighting.

So, if you’re not fighting today, stand up on the inside and say “You know
what? Time for me to get into battle, time for me to join King David in the
stronghold and get in the game.”
Source: Phil Pringle, CHC, http://www.chc.org.sg/citytv/videos, English Service
Discipleship, 29 Jun – 30 Jun. (Accessed 04/07/2013.)

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According To Pringle, C3 Church Watch Is Satanic

02 Sunday Sep 2012

Posted by Nailed Truth in Uncategorized

≈ 24 Comments

Tags

A Different Gospel, accuse, behavior control, behaviour control, c3, c3 international, c3 oxford falls, ccc, ccc oxford falls, Christian City Church, christian city church global, christian city church international, christian city church movement, Christian City Church Oxford Falls, condemn, control, cult, cult-like, D.R.McConell, demonisation, demonise, demonising, demonize, facebook, fourth dimension, malign, mind control, occult, occultism, Phil Pringle, Pringle, shaman, shamanism, slam, slander, yonggi cho

A commentor had this to say about Pringle and his leaders,

“and they use the pulpit to defend themselves against any criticism, knowing that the families whom they have damaged have no way to bring them to account . They get rid of them out of the church if possible so that the “problem” is dealt with quietly and without too much fuss.” (Source)

Watch the clip below to see how Pringle mocks and maligns Christians who may think critically or question his church. In this clip, it is in fact Pringle that is the slanderer from behind the pulpit demonising Christians unfairly and unashamedly teaching demonic doctrines that pervert the gospel and the ministry of the local church, (thanks to Yonggi Cho).

Readers should notice that Pringle doesn’t want to hear people’s criticisms. And after Pringle’s immoral behaviour over the Warragamba Dam Prophecy propaganda, people should not fall for his church’s crafty marketing schemes. If people in his church saw instances where Pringle stoops to such manipulative conduct and think, “I’m not buying this,” Pringle would say they are in the camp of the devil.

Is this not mind control? Is this not behaviour control?

Don’t you think this what a cult would behave like?

Transcript:

“And listen to me! When you’re thinking about and talking about this church, you speak it up amen! Build the church! Don’t tear the thing down! That place is changing peoples lives! They are changing this community! They are touching people all around the world for goodness sake! Today it might be easy but there’s – I can guarantee you something’s going to happen in the next twelve months that will make you think ‘uuh-ahhh, I’m not buying this, uuh-ahhh’.

Resolve on the inside. You’re gonna be a builder with your mouth and not a destroyer. On the side of the throne of God is Jesus the Intercessor, praying for you and me. On the other side is the Accuser of the Brethren. Day and night. We choose which side we’re gonna be on. Every day of our life. I’m speaking up the people of God or I’m on the other side with the other guy, pulling them down.

So if you’re into the Facebook thing and you’re online right now and you’re sort of [mocks]  ‘un-yunylunylun’ – amen! I’m talking to you! Thank you Jesus! Amen?”

– Ps Phil Pringle: Fresh Start – Beginnings AM, http://www2.myc3church.net/videos/ps-phil-pringle-fresh-start-beginnings-am, C3 Church Oxford Falls, 05/02/2012.

It’s ironic that Pringle demonises Christians who actually do their best to practice biblical discernment while he peddles pagan teachings in his next breath. If you would like to see the pagan demonic or even shamanistic or occultic teachings that Pringle and Yonggi Cho peddle, read the following articles, or read D.R. McConell’s book ‘A Different Gospel’.

Phil Pringle And David Yonggi Cho

The ‘Secret’ to Phil Pringle’s Doctrine of ‘Faith’

Phil Pringle Influenced By Occult/ New Thought/ Metaphysical Cult Teachings

Phil Pringle, Napoleon Hill… And Chuck Norris

Phil Pringle And Kenneth Copeland

Phil Pringle Is A Prosperity Teacher

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AsiaOne Examines Phil Pringle And His Relations To Kong Hee

02 Monday Jul 2012

Posted by Nailed Truth in C3 & Pringles Associations

≈ 12 Comments

Tags

AsiaOne, Australia, c3, C3 Church Watch, c3 global, c3 international, c3 movement, C3ChurchWatch, c3global, C3i, c3international, ccc, ccc global, ccc movement, cccglobal, ccci, CHC, Christian City Church, christian city church movement, christian city movement, Koh Hui Theng, Phil Pringle, Reverend Phil Pringle, Sydney

Newsgroups are becoming aware of C3 Church Watch. We have received a few emails from various journalists. AsiaOne reports:

Pastor is target of watchdog group…

NEW people have come on board City Harvest Church (CHC)after several of its leaders were suspended from their posts by the Commissioner of Charities (COC)on Tuesday.

On the same day that founder Kong Hee and four others were charged with misusing over $50 million of church funds, CHC appointed Reverend Phil Pringle and Rev A.R. Bernard as advisory senior pastors to continue providing spiritual leadership.

“Pastor Kong is still our senior pastor,” executive pastor Aries Zulkarnain said on Thursday in a statement.

Rev Pringle is the founder and senior minister of Christian City Church in Sydney, Australia.

Now in Singapore to support CHC, Rev Pringle is himself the target of a self-appointed Christian watchdog group, C3 Church Watch.

The blog said it was “designed to watch and monitor C3 Church and its pastors, specifically Phil Pringle.”

It has raised questions about the New Zealand-born pastor’s religious credentials and teachings.

Rev Pringle moved to Australia in 1980 with his wife, Chris, to start Christian City Church in Sydney.

The movement has over 300 congregations globally, a far cry from the 13 people in the first service.

His Facebook biography said: “Our 2020 Vision is to plant and grow 1,000 churches and we’re ontarget to meet this.”

Local news reports first mentioned Rev Pringle in 2010, when Kong, 47, was called to help the police who were investigating the alleged misuse of church funds then. He had met the Kongs during their honeymoon.

“From the start, I always felt a great affinity with Kong and Sun (Ms Ho Yeow Sun),” he told CHC’s online portal, City News last year.

“There are some relationships that God joins together, and you’ve got to recognise, respect and nurture those relationships, no matter what.”

From: By Koh Hui Theng, Pastor is target of watchdog group, http://news.asiaone.com/News/Latest%2BNews/Singapore/Story/A1Story20120702-356592.html, AsiaOne, 02/07/2012. (Accessed 02/02/2012.)

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