ends up derailing them and ends up leading them to breaking the very rules that they are preaching about. television evangelist jim baker has stepped down as head of the praise the lord or ptl ministry. it came because of a sexual encounter seven years ago. jessica hahn is to be paid monthly as long as she keeps quiet about the incident. it turns out jim bakker has been paying off this secretary, and that shakes the evangelical world. the evidence seems to indicate that effort and money have been expended to cover moral failure. if jim bakker paid jessica hahn hush money, quote, unquote, what else has he been doing with the ptl money? do you worry about the investigations? no, not at all. history will prove the bakkers were honest people. we interrupt this program for a special report. jim bakker, the defrocked head of the ptl ministry, has been found guilty on all 24 counts of fraud and conspiracy by a jury in charlotte, north carolina.
bakker kept selling lifetime partnerships at heritage usa, even though he knew they were oversold. for example, the heritage grand hotel could accommodate only 25,000 pips, but 65,000 were sold. and for the lower-priced bunkhouse partnerships, about 7,000 were sold for a building that had only eight rooms. jim and tammy bakker s ptl club was sent money for 15 years. i have made billionaires out of those people when i don t even have enough to live on. bakker could be sentenced to 120 years in prison and fined over $5 million. i would say i feel sad, but encouraged in god. tammy bakker said she could best describe her feelings in song. on christ the solid rock i stand all other ground is sinking sand
money for the kind of electronic equipment any network would be proud to own. i believe god wants us in the next 30 days to have every one of these bills paid in full, and ptl can live if we pay our bills. we d pay the bills if we would all just do something. as televangelism grows, jim bakker is the one who truly gets it. he understands that preaching on television is not just about standing up and giving a fire and brimstone speech. he understands in the age of television, the johnny carson approach to televangelism, being more intimate, showing your lifestyle and your beautiful family is essential, because it brings people in. he s a brilliant entrepreneur and a brilliant salesman of himself. and now here are jim and tammy! their appeal is powerful. last year, a million people responded to the bakkers constant request for money. how many do you have right now? just about 30. 30 what? silver 7,000 clubs. that s $90,000. praise god.
Treasury bonds and related exchange traded funds were among the better performing areas of the markets on Monday as traders turned to safe-haven U.S. government debt.