D-FW Christian TV network reportedly returned $3.9 million PPP loan after investigation into jet purchase

Dallas televangelist Marcus Lamb and his Daystar Television Network reportedly returned its $3.9 million Paycheck Safety Program mortgage after an investigation raised questions concerning the community’s buy of a non-public jet.

CBS’ Inside Edition discovered that the tax-exempt non secular community purchased a “multimillion-dollar” personal jet simply two weeks after receiving a federal PPP mortgage meant to assist workers by means of the pandemic.

Daystar mentioned the jet, a 1997 Gulfstream V, was bought at lower than half its market worth and used for ministry work, in keeping with Inside Version. Daystar additionally informed Inside Version that PPP cash wasn’t used for the acquisition. Gulfstream V jets from 1997 and related years promote for $eight million to $10 million on fashionable private jet marketplaces and may comfortably seat 14 passengers.

Inside Version discovered that the jet had been used for seashore and golf journeys for Lamb and his household. A minimum of one journey was described in social media posts as a household trip, which Lamb claimed was a “working trip.” Lamb is Daystar’s president and CEO.

Daystar wasn’t instantly obtainable Wednesday for remark.

Inside Version mentioned it discovered that Daystar returned the PPP mortgage by means of an organization lawyer. When requested concerning the mortgage, the U.S. Small Enterprise Administration, which oversees the PPP program, informed The Dallas Morning Information that the company “doesn’t touch upon particular person debtors.”

Headquartered in Bedford, Daystar Tv has been in operation for greater than three a long time and has a loyal evangelical Christian following. Daystar describes itself as one of many two largest Christian TV networks on the planet with 70 stations that attain a possible viewers of 100 million U.S. households.

In keeping with news reports from 2010, Daystar has been valued at $230 million and employed a whole bunch. The community has given a platform to well-known televangelists, together with Joel Osteen and Bishop T.D. Jakes, up to now.

The Lamb household, together with Marcus’ spouse Joni, have used their platforms in earlier months to promote prayer occasions at the side of the Trump household in addition to to advertise anti-vaccination organizations. In November, Daystar inspired its members to sign a petition urging the Supreme Courtroom to both recount or overturn the presidential election outcomes and institute a revote.

— to www.dallasnews.com

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