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End of the Line for Christian Radio Network That Predicted 2011 Rapture

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Skip Intro5/15/2013 8:57:23 am PDT
The nonprofit has sold its three largest radio stations, all cash generators. At the start of 2007, Family Radio was worth $135 million, according to its tax returns, and by the end of 2011 its net assets had dropped to $29.2 million, even though Family Radio received $85.2 million in donations over that five-year period. By the end of 2011, Family Radio reported $282,880 in cash on hand, down from $1.5 million at the start of the year and $2.5 million at the end of 2008. In 2012, records show it took out a $30 million bridge loan to keep operating while awaiting the station sales proceeds; it is not clear whether that loan has been paid off.

All I can say is “follow the money”. I wonder if the Camping family was grifting the stupids and has a big stash of cash hidden away somewhere. I know, this is all but unheard of among the self proclaimed righteous, but someone ought to check, just in case.