“Is Daystar another victim of a failed investment scheme as these women believe they have been? Why won’t Daystar respond to these women? Did Pastor Lloyd Bustard use his position of trust to raise hundreds of thousands of dollars for personal benefit?”
(Barry Bowen and Pete Evans – Trinity Foundation) During a golf game about six years ago in north Texas, televangelist Marcus Lamb said to a couple of golfers, “That man ain’t dead yet!”
The surrounding golfers were disturbed by the comment because it sounded like Lamb wanted the man to die and the golfers knew that Lamb’s ministry held a life insurance policy for the man Lamb was talking about.
Lamb’s non-profit organization Word of God Fellowship, better known by the trade name Daystar Television Network, has generated millions of dollars in profits from investing in life insurance settlements.
Wikipedia explains: “A third party becomes the new owner of the policy, pays the monthly premiums, and receives the full benefit of the policy when the insured dies.”
In 2018, Daystar sued Eduardo Espinosa, a trustee of Life Partners Holdings, in the United States Bankruptcy Court for the Northern District of Texas over a $10 million life insurance policy Daystar claimed to fully own.
In 2019, the court ruled “the relief requested should be granted.”
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Chaos at Daystar Television Network Amid Terminations, Sex Abuse Scandals, and Heresy Galore
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