Televangelist builds $4 milllion home while employees lose jobs


Senator Charles Grassley, the crotchety, plain-speaking Republican from Iowa, has been trying for a couple of years to pry open the books of televangelists he suspects of living decidedly unhumble lives on the donations they receive. He questions whether they deserve the tax exemption they enjoy. A recent report that Inspiration Network's CEO David Cerullo spent around $4 million on his new mansion could provide more fuel for this smoldering investigation.

Cerullo's new 9,000 square-foot home and 2,000 square-foot porch overlook Lake Keowee. Meanwhile, Inspiration and its subsidiaries have laid off a number of workers, frozen wages, stopped 401K contributions, and turned the thermostat in its headquarters down to 65 degrees last winter.