Former National Baptist Leader Convicted for Theft and Racketeering Files for Bankruptcy
Remember Rev. Henry Lyons, the former national Baptist leader who was convicted of theft and racketeering? Well, sadly, he has another set of problems; a bank is trying to foreclose on his historic Oregon Avenue church in Tampa, Florida and he has filed for bankruptcy.
According to the documents filed by Fifth Third Bank, in court, New Salem Missionary Baptist Church defaulted on a $1.1 million loan. The loan was taken out in 2007 to buy land for the church to build a larger campus.
Even though the bank made an agreement with the church to reduce the mortgage monthly payments on a temporary basis, the church was still not able to meet its monthly obligations.
At the beginning of July, the church filed for Chapter 11 bankruptcy protection stating assets in the amount of $880,000 and liabilities in the amount of $1.2 million.
In the court documents, the bank accused the church of filing in bad faith to try and avoid foreclosure.
The bank filed a motion in Bankruptcy court saying that the church “conveyed away” its interest in a total of nine other properties that were collateral for the loan. According to the bank, the bankruptcy was only filed 4 days in advance of a scheduled hearing in a Florida state court. During the hearing, the bank had the intention of asking the judge for a foreclosure judgment.
In 1999, while he was the president of the National Baptist Convention USA , Lyons was convicted of misappropriating $4 million from most of the convention’s corporate partners. He eventually plead guilty and was sentenced to 51/2 years in prison.
Lyons has not made any public statements with regards to the case between his church and the bank.
14 Responses to Former National Baptist Leader Convicted for Theft and Racketeering Files for Bankruptcy
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So, did the president answer Jesse Jackson?
It seems to be the case that a large number of our Black Leaders,Black Celebrities and our Black Athletes are Unfairly Targeted for Income Tax Evasion or Forced to File Bankruptcy. Especially when people like Mitt Romney,Sheldon Adelson the Billionaire Casino Magnate and The Big Super-Pac Funders are Not Paying Their Fair Share of Taxes…The Money-Driven Political System on a National and Local Levels,will Keep Money Flowing From The Special Interest Coffers,Big Oil Companies,Arms Dealers Wall St. Manipulators and Private Contractors,right into The Pockets of Elected Officials…The System is in Full Fruition,and May Well Cut Out The Middleman,American Taxpayers and Voters…Everyone Should Pay Their Fair Share of Taxes,Regardless of Wealth.
Ana, this man is a crook through and through. You can provide no defense for him. Why do Black people like you always defend these jive azz n*****s whom steal from their people and destroy communities..? This b*m stole from Black churches and the poor Black people whom believed and supported that church…….When you steal from a church and your are it’s pastor,etc, you are worst than a black low life drug dealer….
Thanks Larry. I wish you peace… ….and continued wisdom in your observations.
Another screacha doing his hellacious deeds! These maga entertainment centers are becoming extinct and caucasoid screachas are taking over the airways to continue to brainwash xtian negroids!
Let’s not forget; these screachas TAUGHT these negroid xtians, THEIR version of the bible, now they are bringing them down, so negroids will begin to flock to their churches, so they can continue to take their money!
At one time in OURstory, the caucasoid screach was preaching to enslaved brothers and sisters on sun-day morning, but on sun-day afternoon, they were hanging them from trees!
WAKE-UP FOLKS…THIS xtianity BULLSHYT IS A LIE; JUST LIKE CRACKERS!!!
TEACH BLACK MAN, TEACH!!
Nah, you’re extinct. Stop acting like a child who reacts out of emotion to one article about one man and thinks he represents all black ministers. Such juvenile reasoning.
it wouldn’t surprise me if his problems began when the bush initiative with black churches began. ‘faith-based initiative’ my a*s. these corrupt, jack-leg preachers will bed your wife after they’ve picked your pocket.
“Whats wrong baby?!!!
We was ‘jus prayin’
LMAO. One.
Nope, there are many black ministers doing great things in our community. This is but one man.
Sadly, I must say that many of my Brethren and Sisters of the Cloth, have clothed themselves in duplicity,greed,l**t,hypocrisy and arrogance. Such false teachers/preachers shall be roasted in the eternal lake of fire. Unfortunately, they shall continue to fleece the Sheep in their Flocks, before God summons them home to reap what they have sown!
” Jack Leg Preachers!”. That was a good one. My grandmother and aunts from the south always talked about phony Jacked Leg Preachers and their wild Bible sermons……Than at the end of the service, the congregation form a circle or ” Night Train” with the brown belt jack leg preacher being the locomotive and railing through several states picking of passengers to go to Heaven. That’s where James Brown got his ” Night Train Dance”.
brother Jesse sitting in the front row of the nba finals with his 3k watch,ring and 5k suit. brother Al lining his pockets every chance he gets. Blacks deserve better sham on them