…

Former Ole-ites contacted the Dallas Observer to point out that, in fairness, Grassley should ask Anthony the same questions. The media watchdog demands transparency of other ministries, but the foundation, they say, has had its own serious financial problems.
…
Doug Duncan describes Trinity’s most egregious financial transgression as defaulting on $42 million in tax-exempt revenue bonds issued in 1998 for the organization’s purchase of 13 apartment complexes in Oklahoma City.
…
Trinity defaulted on the bonds in 2000. According to The Bond Buyer, a trade publication, Trinity officials told the management company it hired to divert rents from the project to Trinity’s accounts instead of depositing the money into the revenue fund as required.
…
Samples of additional financial questions suggested by former Trinity members:

“How much of members’ tithes and offerings and other donations have been spent for Ole Anthony’s pain medications for the last 20 years?

“Please provide the credit card statements for all credit cards used by Ole Anthony from 1987 to 2007.

“How much does the foundation pay annually to rent properties from its directors?

“The 2005 tax statement indicates that $40,306 dollars were expended for ‘management expenses.’ What are these expenses and who received these funds?

“Were the trips, cruises and vacations given to Anthony by ABC News and others ever reported as income?

“The 2005 tax statement indicates approximately $40,000 paid in utilities. Is the foundation using tax-exempt donations to pay utility bills of the homes of its elders and directors?

“When was the last certified audit done of Trinity Foundation?”

21 for we have regard for what is honorable, not only in the sight of the Lord, but also in the sight of men.