Plumber discovers money in wall of Joel Osteen’s church, years after $600K burglary, report says
Back in 2014, a big headline in Texas involved hundreds of thousands of dollars stolen from a safe at Joel Osteen’s megachurch, Lakewood Church, in Houston. Now, seven years later, another bombshell has dropped.
Megachurch With Ferrari-Driving Pastor Gives Back $4.4M Pandemic Loan
Joe Raedle/GettyA Houston megachurch, whose celebrity pastor is reportedly worth $50 million, has repaid the federal government $4.4 million in pandemic loans after going viral for the outrageous handout. Lakewood Church, which is tax-exempt like most religious institutions, took $4.4 million in taxpayer-funded Paycheck Protection Program loans at the height of the COVID pandemic last year—all while senior pastor Joel Osteen flaunted his insane wealth. It caused “Osteen” and “Ferrari” to trend onews.yahoo.com
Joel Osteen’s Houston megachurch defends getting $4.4 million in federal PPP loans
HOUSTON – Joel Osteen, the pastor at Lakewood Church in Houston, has come under fire in recent days after Houston Chronicle reported that the megachurch received $4.4 million in PPP loans from the Small Business Administration (SBA). Federal Paycheck Protection Program Loan data provided by the Small Business Administration (SBA) indicates that the loan given to Lakewood Church is the third-largest for any Houston-area business or nonprofit. The data shows that Lakewood Church applied for the loan on July 21 and that 368 jobs would be affected by the loan. In order to have the loan fully forgiven, the PPP loan must be used for payroll costs, interest on mortgages, rent and utilities. Osteen’s Lakewood Church and other megachurches have been criticized by some for taking part in the federal recovery program because of their tax-exempt status.