CAD arrests 5 City Harvest Church members

Re: CAD arrests 5 City Harvest Church members

I am making a career change.....I want to stay in Sentosa Cove with a bunch of faithful followers dying to fund my extravagant life-style........
 
Re: CAD arrests 5 City Harvest Church members

An in-depth analysis into the wealth of City Harvest Church
Submitted by therealsingapore on Wed, 06/27/2012 - 18:47

Although I am aware that City Harvest is one of the richest churches in Singapore, I am still shocked that it is rich enough to pay SGD310 million for a stake in Suntec City. Nevertheless, an entity which is able to amass such wealth is certainly worth studying. I was determined to understand the secrets to the church's wealth.



I apologize upfront if the points raised give offense to loyal followers of City Harvest Church. Please regard this article as a business analysis of the factors that contribute to the wealth of City Harvest Church, not as an insinuation that the Church got rich through questionable means. The fact is that CHC is very rich and this makes for a fascinating academic exercise to examine its sources of wealth. Just treat it as a business case study. I have tried my best to stick to the facts. Please correct me if there are factual mistakes. However, if there are differences in opinions, please disagree with courtesy.



1. Clever packaging of Sunday services

The income of a church is dependent on the tithes collected (10% of income from church-members). Therefore, the earning power of a church is highly dependent on its ability to retain its existing church members and attract new ones. The larger the church membership, the greater its earnings.



I watched a sample of CHC weekend service on its website. Compared to the boring Sunday classes I attended as a kid, CHC church service was most refreshing (Watch "The 10 Laws Of The Harvest"). The beginning part resembles a rock concert with good singing and enthusiastic audience. It is an entertaining way to enjoy your Sunday mornings. Going to church becomes a weekly event to look forward to rather than a chore to attend to.



With church services so well packaged for its customers, its customer retention rate and new customer acquisition figures should look good.



2. Extra revenue in the form of advertisements, sales of CDs

This church is unlike the other churches I know. It generates extra revenue through advertisements during its Sunday service(watch the videos). It sells audio CDs on its website. There is an online shopping cart for convenience to those who want to buy online.



3. Efficient collection of tithes

Church-members can pay their tithe online via credit card, eNets or even Giro!! Once members started donating using Giro, the earnings quality of the church improves. Donation collected via Giro tend to be more stable.



With a globalised economy, people travel round the world a lot and may miss Sunday services. In the past, the churches will lose income when these members fail to turn up to pay their tithe. Now, with online payment, they can continue collecting the tithe even when the church-member is working overseas for an extended period of time. With Giro, the church can continue collecting tithes for a few more months even when the member leaves the church as people have a habit of forgetting what they pay on Giro.



4. 30-fold, 60-fold, 100-fold returns on your church donations

This is where the genius of CHC lies and the secret to its superior earning power. In fact, I have yet to encounter any public-listed company on SGX, HKSE, NYSE, Nasdaq that demonstrates better potential.



The pastor preaches that God will give 30-fold, 60-fold, 100-fold returns on your tithe. But, you have to be generous in your donations first so that you will receive in harvest proportions. I guess that is the origin of the name City Harvest. Please watch the video "The 10 Laws Of The Harvest" yourself in its entirety and interpret for yourself.



It is a message that cleverly uses an astute understanding of human nature to maximize profits. If I were a CHC member, I will be tempted to increase my tithe as much as possible. Not mincing my words, I am doing it out of pure greed. I do not think I will be alone. It is perfectly fine if members of CHC strongly disagree and thinks that I am not representative for most of them. After all, I can only speak for myself.



5. Quality of customers

With the 100-fold return message, the kind of church members attracted will be most conducive to profit-making. Money-minded people will be attracted to the church. These money-minded people tend to be ambitious and have a great desire to make lots of money. Millionaire minds have a higher chance to become rich. Hence, the quality of customers that CHC attracts are of the highest quality. The richer the church-member, the higher is the church's tithe per member.



Customer quality will be enhanced through the passage of time due to survivor bias. Suppose out of this pool of Millionaire-Mind Christians, 50% become satisfactorily rich and the remaining 50% still unsatisfactorily middle-class. The 50% who got rich will donate even more because they think their source of wealth comes from their donations. It is most unlikely they will cut back on their tithes because they will be afraid God will punish them by cutting back the returns. If they are not afraid, the church will be there to warn them not to do so. The remaining 50% who did not get rich will be disillusioned and probably leave the church. The loss is of little significance to the church. These people are not rich and their tithes will not amount to much.



Many Christians will be disgusted with the concept of using tithes to get rich. These people will probably leave the church after attending a few Sunday services. Again, the loss is of little significance to CHC. These people will not be highly profitable to the church even if they are rich because they are not going to tithe as much as the others who believe their tithes is the way to wealth.



To the credit of the Pastor, I think he has devised a wonderful process of filtering out non-profitable customers and sucking in the lucrative ones. There is only so much physical space that a church can have to service its church-members. To maximize profits, the church has to ensure that each unit of space is used for servicing lucrative customers.



6. Kill off competition



CHC has tremendous economic moat that kills off competition. In the video "The 10 Laws of The Harvest", the Pastor cited Law #5 "Your Seed must be planted in Good Ground" which is an effective weapon in killing off his competition - the smaller churches. Many Christians feel that they ought to donate to the needy, smaller churches rather than rich mega-churches like CHC. The Pastor's argument is that you do not get good returns like 100-fold in the small churches. You have to donate to mega-churches to maximize returns on your tithe because they have a track record (rich church members). In other words, the seed is not planted in good ground when you donate to the small churches. In his own words, "I don't always give to the neediest but to the ground that will give the greatest yield". To illustrate his point, he used an analogy on weak banks and strong banks. You do not deposit your money in a weak bank because it desperately needs fresh funds to survive. You deposit your money in a strong bank which invests your money wisely and yields good returns.



The church has an iron-grip on its members who believe its message. As illustrated previously, its customer base is of the highest quality. This is its track record. Existing church-members will definitely not move to another smaller, needier church with poorer track record.

It has a very strong economic moat as it is very hard for its competitors to get its customers to switch over.



7. Providing a place where the rich can network



As the Pastor said, his church provides a good ground on which you can grow your riches. Rightly so, indeed. For property agents or insurance agents trying to hit their sales quota, City Harvest Church will be an ideal place to hunt for lucrative clients. This church concentrates several rich and money-minded people into a single location. The church offers a unique advantage to sell things. In a religious setting, people tend less to be on their guard and can be more easily persuaded to part with their money.





Businessmen also like to network in places where there are rich and powerful people who will come in handy in future. The Pastor has done a good job in gathering such people in his church and it makes good sense to make use of this advantage by joining the church.





The rich will attract more rich and the gathering moss snowballs to provide an ever-rising pool of donation to the church.



8. Preach what people like to hear.



As a teenager, I was discouraged when I read Bible verses like Matthew 19:23-24 "I tell you the truth, it is hard for a rich man to enter the kingdom of heaven. Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God." and Matthew 6:24 "No one can serve two masters; for either he will hate the one and love the other, or he will be devoted to one and despise the other. You cannot serve God and wealth."



It seems like if I become rich, I will be condemned to hell.



In the video "Rich God? Poor God?", the Pastor preaches that it is absolutely ok to be rich. Some prophets of God were very rich. (Abraham, David, Solomon)



There is nothing more musical to a money-minded person than to hear that God is on your side in your pursuit of money. The church-members who are more money-minded will love this and donate even more.



9. God pays for the returns, not the church.



The church collects the money, but God pays for the returns. The church does not need to pay a single cent for the 30-fold, 60-fold, 100-fold returns on the donations.

This is as good as you do the work for me, but not only do I not pay you, I shall also collect your salary. You toil and sweat, but I shall eat your bread. God must surely be a miracle worker and people will pay handsomely for his service. I cannot think of a more advantageous economic position to be in to be able to collect money rendered by a miracle worker.



10. Social pressure to conform in church settings and ease of influence



If everyone around you donates, it is hard not to. When everyone else makes sacrifice, the one who does not will look like an outcast. There is tremendous pressure to conform in such a herd setting.



11. Tremendous future earning power



Take a look at the congregation and you will notice the large number of young people. The income growth of young people is the fastest in the population. In the Pastor's words, "You may be poor today, but you will not be poor all your life". That is a long-term business plan in cultivating its customers.



Therefore, if CHC can be viewed as a growth stock, its prospects are very bright as its young customers will accelerate its earnings.



12. Stable earnings in times of depression



Besides being a growth stock, CHC can also be viewed as a defensive and safe stock. People pray hardest when they fall in hard times. Strangely, some people have an urge to tithe when they are in financial troubles.



In fact, in the video (The 10 Laws Of The Harvest), a couple came on stage. They talked about the dire straits they were in when they started out. Things change when God challenged them to GIVE themselves out of poverty (exact words from the speaker). Despite not having any money, they still pledged $250 to the building fund. In his own words again, "we often emptied our savings to give to the House of God knowing that this will be the answer to our financial problems". Hence, not only will the church earnings be stable in times of depression, it may even grow.



13. Using Prosperity as a theme to appeal to customers



The Pastor preaches Prosperity Gospel which resolves around money. His business genius lies in choosing this theme for his church. Money has universal appeal. Everyone worships money regardless of race, culture, age, gender, sexual orientation. In one fell swoop, he has enlarged his market to cover the entire world. It is much easier to convert people to your belief by dangling money and promising great prosperity. After all, who does not love money?



By enlarging his potential market catchment with a greater chance of increasing membership, more donations will flow in.



14. Tax benefits as church is registered as a charity



This creates a huge, unfair advantage compared to all other businesses. This is what landed CHC in controversy. Enough has been said.



If one day the Pastor switches to become a businessman, I will definitely consider investing in the company that he heads and founds.



If City Harvest Church is listed on the Singapore Stock Exchange, I will certainly buy it. It will be one stock that I am confident of hitting a return of 30-fold, 60-fold, 100-fold returns.



PS: People tend not to question critically when it comes to religion. A charming smooth talker can easily sway minds with his interpretation of the Bible. In the final analysis, Faith is about simply believing. You cannot approach it scientifically because there is no way to test religious theories using the scientific method. We will only know the real truth when judgment day comes.



The danger is that there is no accountability on the part of the preacher on whether his teachings are true or not. Even he himself cannot be sure that his interpretations is 100% correct. Given human nature, the interpretations will tend to be self-serving. In fact, it is not only dangerous to the students but to the teacher as well. People will believe their own lies if it yields tempting benefits. That was how Wall Street drank its own Kool-Aid.



While I respect the Pastor for his business savvy, I cannot agree with his interpretations of the Bible. I pray for good health, peace and harmony for my family. Money-minded as I am, I am not comfortable with commercializing my relationship with God by asking for money. The Christian God that I know from my own reading of the Bible is not 财神爷. Of course, if God wants to drop money from heaven on me, I will be more than happy to embrace it.



Source: Think free and fair
 
Re: CAD arrests 5 City Harvest Church members

Some of these parameters, can they be applied to (a) other churches (b) other religious institutions, such as temples?
 
Re: CAD arrests 5 City Harvest Church members

4. 30-fold, 60-fold, 100-fold returns on your church donations

This point very ponzi leh....
 
Re: CAD arrests 5 City Harvest Church members

The scheme is identical to our CPF scheme ....and the 5 leaders are the head of Temasek/GIC Inc
 
Re: CAD arrests 5 City Harvest Church members

why is the main person in the whole saga, Ho Sun still able to walk off free? Isn't she the source of all this trouble
Surely as the wife and founding member, she is somewhat involved in the whole scheme???

Are we that naive to believe that she only sings and dance all this time in US and being typically ignorant and apathy about the funds??
 
Re: CAD arrests 5 City Harvest Church members

zorro;842078 said:
The scheme is identical to our CPF scheme ....and the 5 leaders are the head of Temasek/GIC Inc

But but... CPF only promises 2.5% ... at least that's realistic, albeit a bit lousy returns
 
Re: CAD arrests 5 City Harvest Church members

dpointt;842102 said:
why is the main person in the whole saga, Ho Sun still able to walk off free? Isn't she the source of all this trouble
Surely as the wife and founding member, she is somewhat involved in the whole scheme???

Are we that naive to believe that she only sings and dance all this time in US and being typically ignorant and apathy about the funds??

She power, not even a $1000 fine. Elite of elites?
 
Re: CAD arrests 5 City Harvest Church members

she is the smartest ... she never get her hand dirty
if sherman give all the tint money to iscoupe 'willingly' to support iscoupe lavish lifestyle ... is iscoupe fault?

dpointt;842102 said:
why is the main person in the whole saga, Ho Sun still able to walk off free? Isn't she the source of all this trouble
Surely as the wife and founding member, she is somewhat involved in the whole scheme???

Are we that naive to believe that she only sings and dance all this time in US and being typically ignorant and apathy about the funds??

OptimusWKY;842110 said:
She power, not even a $1000 fine. Elite of elites?
 
Re: CAD arrests 5 City Harvest Church members

OptimusWKY;842110 said:
She power, not even a $1000 fine. Elite of elites?

At the most is abetment I think. I'm more curious about why the other supporting 4 can be charged with more charges than Kong Hee himself.
 
Re: CAD arrests 5 City Harvest Church members

Willing buyer willing seller...

Why people so willing to donate to CH...

When one see a beggar on the street asking for a mere $2 for food... They never give.. Double standards..

They aren't donating to the church.. Its membership fee , hoping something in return and enjoying their 'service'

Its a business
 
Re: CAD arrests 5 City Harvest Church members

CPF promise you 2% (Currently Special Account yield 4%) but CHC leaders promised their members tickets to Heaven.....Which is a better investment?

wobbles;842104 said:
But but... CPF only promises 2.5% ... at least that's realistic, albeit a bit lousy returns
 
Re: CAD arrests 5 City Harvest Church members

marklee;842113 said:
At the most is abetment I think. I'm more curious about why the other supporting 4 can be charged with more charges than Kong Hee himself.

Got meh? Thought he could get Life Sentence or 20 years jail?
 
Re: CAD arrests 5 City Harvest Church members

The Apostle Paul persecuted the early church too.
 
Re: CAD arrests 5 City Harvest Church members

In Madoff's exact words, a Ponzi exists because for every one sucker there are other 10 suckers waiting in line to be screwed.

This is a scam, ponzi, fraud, cult behaviour and deplorable acts of its lowest kind. This guy and all his associates should go to hell. So are those stupid followers who haven't woken up. They don't even know what hit them. If this isn't a form of hynotisation or cult belief, I don't know what it is.

I respect Christianity. I had gone to some churchs abroad. I felt very comfortable in those environment. There is a true feeling of caring and sharing. No comparison, no judgement, no mention of God and 'you must be wealthy/rich/loaded' in the same sentence. Their teachings are genuine and they want believers to carry hope in life, not dumping you with messages to produce more tithes so that God saves you. That is utter BS. The fact is CHC is not alone in Sg. There are more out there which are money-driven, surrounded by greed and ringfenced by peer pressure. These church organisations had created a spore society within the church. Well sometimes I can't blame them entirely. If the govt runs the country like an MNC/fund/bank, it is natural to see some of its deviant subjects running church organisations like a bank/fund/MNC. Our society is degrading in value. These churches are not helping. Definitely not in the name of God.

The other issue is the cult behaviour which I find the most disturbing. It seems that this man has the amazing charisma to sweet-talk, cajole and persuade people into doing things for him. A great orator he might be but he is putting it to bad use. How many people remember scams like those 'How to get rich seminars?', 'Live freely option trading seminars' etc. Followers paid thousands of dollars to get screwed. All because of greed. Instead of backing down, they enlarge their operations, conning more people. Greed at play again. This case is no different. They capitalise on human's weakness to profit themselves. Totally deplorable act.

In chronological order, he and his associates must be severely punished. The church must then be shut down. Lastly teachers of christianity in Spore should gather and think of a way to repair the broken image of this religion caused by a rogue church in the aftermath.
 
Re: CAD arrests 5 City Harvest Church members

best paragraph i read all day. feel like videoing u down saying this and add Darth Vader reverb to yr voice and post on stomp.


DrK;842132 said:
In Madoff's exact words, a Ponzi exists because for every one sucker there are other 10 suckers waiting in line to be screwed.

This is a scam, ponzi, fraud, cult behaviour and deplorable acts of its lowest kind. This guy and all his associates should go to hell. So are those stupid followers who haven't woken up. They don't even know what hit them. If this isn't a form of hynotisation or cult belief, I don't know what it is.

I respect Christianity. I had gone to some churchs abroad. I felt very comfortable in those environment. There is a true feeling of caring and sharing. No comparison, no judgement, no mention of God and 'you must be wealthy/rich/loaded' in the same sentence. Their teachings are genuine and they want believers to carry hope in life, not dumping you with messages to produce more tithes so that God saves you. That is utter BS. The fact is CHC is not alone in Sg. There are more out there which are money-driven, surrounded by greed and ringfenced by peer pressure. These church organisations had created a spore society within the church. Well sometimes I can't blame them entirely. If the govt runs the country like an MNC/fund/bank, it is natural to see some of its deviant subjects running church organisations like a bank/fund/MNC. Our society is degrading in value. These churches are not helping. Definitely not in the name of God.

The other issue is the cult behaviour which I find the most disturbing. It seems that this man has the amazing charisma to sweet-talk, cajole and persuade people into doing things for him. A great orator he might be but he is putting it to bad use. How many people remember scams like those 'How to get rich seminars?', 'Live freely option trading seminars' etc. Followers paid thousands of dollars to get screwed. All because of greed. Instead of backing down, they enlarge their operations, conning more people. Greed at play again. This case is no different. They capitalise on human's weakness to profit themselves. Totally deplorable act.

In chronological order, he and his associates must be severely punished. The church must then be shut down. Lastly teachers of christianity in Spore should gather and think of a way to repair the broken image of this religion caused by a rogue church in the aftermath.
 
Re: CAD arrests 5 City Harvest Church members

Bestest still is this sentence:

If the govt runs the country like an MNC/fund/bank, it is natural to see some of its deviant subjects running church organisations like a bank/fund/MNC

Indeed, some have learnt from the best of the best. 上梁不正下梁歪. Chinese say one.

Note, to the PAPPY supporters, I never say they are corrupt. I'm merely agreeing with DrK that the country is run like a bank/MNC/fund... so, just stop there, thanks :)
 
Re: CAD arrests 5 City Harvest Church members

donate money, attending this mega church means can go heaven....brilliant....
 
Re: CAD arrests 5 City Harvest Church members

zorro;842057 said:
I am making a career change.....I want to stay in Sentosa Cove with a bunch of faithful followers dying to fund my extravagant life-style........
Do u have vacancy for positions like founding members for the inner circle? I want :cloud9:
 

Members online

No members online now.

Forum statistics

Threads
82,747
Messages
1,019,309
Members
78,043
Latest member
fun886cc
Back
Top