Billionaire at the center of a Wall Street fiasco gives millions to evangelical ministries - News Summed Up

Billionaire at the center of a Wall Street fiasco gives millions to evangelical ministries


Hwang’s foundation gave Zacharias’s ministry $255,000 in 2018. ADOne evangelical leader, who spoke on the condition of anonymity because he feared it could jeopardize his relationship with Hwang, said Hwang spoke to him about his financial influence overseas. Tax returns from 2018 suggest Hwang’s foundation purchased shares of several private offshore entities. Mills has been executive chairman and co-chief executive officer at Archegos, as well as vice chairperson of Hwang’s foundation. Hwang gave Lausanne $75,000 in 2018, according to tax records.


Source: Washington Post April 01, 2021 10:02 UTC



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