A church and television station overseen by televangelist and self-proclaimed faith healer Ernest Angley is being sued for allegedly defaulting on a $3.6 million loan.
Beck Energy Corporation, which loaned the $3.6 million to Angley’s 3,000-seat Grace Cathedral and Winston Broadcasting Network in 2013, filed the suit on Nov. 29.
“Beck Energy … is seeking damages and a foreclosure on the property that houses the television station in Cuyahoga Falls,” reported the Akron Beacon Journal.
“The loan was supposed to be paid by Feb. 7, 2016. Beck granted a one-year extension, but this passed without the payment being fulfilled.”
The energy company sent a letter to WBN in April, demanding payment, to which the 96-year-old Angley replied in July that it would come “in just a very short, short time.”
“This didn’t happen, however, and Beck sent a letter in September reiterating that the note was due. Angley again responded by saying he was preparing to pay the balance, but didn’t follow through, according to the lawsuit,” noted the Journal.
“Scott Zurakowski, the Canton attorney representing Beck Energy, said the church paid the interest on the loan, but not the principal, so it still owes $3.6 million.”
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