A new leaf for the old Jim?
DOES ANYBODY REMEMBER THE 165,000 POOR FOOLS WHO SENT JIM AND TAMMY FAYE $1,000 EACH?
Well they got their settlement this week and it is hard to tell who is worse.
The Bakker's or the lawyers for the victims.
Out of the 165 Million Dollars they get back:
PTL Victims to Receive $6.54 Each
Lawyers take $2.5 million of $3.7 million settlement.
The 165,000 people who gave $1,000 to Jim Bakker's planned Heritage U.S.A. resort in return for promised four-day vacation stays will receive just $6.54 each.I guess they can be proud of their pierced and tattooed son Jay. Quite a change from his days on the PTL CLUB.
That's partly because attorneys will receive $2.5 million of the $3.7 million settlement fund (created by former PTL accountants years ago), under a July 24 order issued by U.S. District Judge Lacy Thornburg in Asheville, North Carolina. A claims administrator will receive $200,000 to track down people entitled to money. Had the victims been given the entire settlement, it would have amounted to only $22.42 each. Thomas T. Anderson and Associates, a California-based law firm, actually asked the judge for the entire settlement. The firm claimed it would be fruitless to search for all involved in the 16-year-old class action. Thornburg denied that request last year.
Bakker resigned from PTL in 1987 after admitting to an affair with a ministry secretary. He was convicted two years later of a wire- and mail-fraud scheme involving the sale of lifetime partnerships in Heritage U.S.A. in Fort Mill, South Carolina.
Bakker was sentenced to 45 years in prison. A judge later cut his term to 18 years. He served 5 before being paroled in 1995. Bakker is on the air again with The Jim Bakker Show, which originates at the Studio City Café in Branson, Missouri. The show's first installment aired on January 2.
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