Citing the biblical wisdom that people reap what they sow, a judge ordered Jim and Tammy Bakker and a former top aide to repay $7.7 million to PTL for taking undeserved profits from the TV ministry.
U.S. Bankruptcy Judge Rufus Reynolds said he determined that the Bakkers and former PTL vice president David Taggart were overpaid during their last four years at the ministry."In conforming with the religious overture of this case, this court observes that James Bakker either overlooked or ignored parts of the Bible, including 1 Timothy 6:10 . . . `For the love of money is the root of all evil; which while some coveted after, they have erred from the faith and pierced themselves through with many sorrows,' " Reynolds said in his order, filed Thursday.
PTL, now under administration of the bankruptcy court, sued the Bakkers and Taggart on Feb. 1 for $52 million. The ministry alleged they grossly mismanaged the ministry by taking huge sums for personal use between 1984 and 1987 while PTL couldn't pay its bills.