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from disposing of cathedral assets....Humbard got into high finance in 1959, a year after building his 5,000-seat cathedral. Finding that TV time to spread the Word was expensive, he followed the example of other religious and educational institutions and began issuing bonds and promissory notes. But he did not sell the securities through licensed brokers. He formed his own traveling squad of 20 salesmen, many of them ministers in the cathedral, who have since raised $ 12 million from small investors in 47 states.
273:(SEC). Officials in at least six states halted the sale of the securities. Humbard said that the SEC did not allow him to count expected bequests from wills as assets, that the ministry never missed an interest payment, and that the investors were not worried about losing their money. In the end, he was forced to sell off nearly all of the ministry's assets and cut off the overseas operations.
596:). Then, as he was constructing a 750-foot TV tower to transmit his services, the SEC blew the whistle. Over a 14-year period Humbard had sold, through unlicensed agents, $ 12 million in securities that were not properly registered. Ordered to divest himself of his property, he sold everything but his home, cut off his overseas operations and set up a trust fund to pay off investors.
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Officials in six states have banned further sale of the securities sold by the cathedral because they were not properly registered. Last month Ohio commerce regulators won a temporary restraining order prohibiting him from selling securities, from encouraging investors not to redeem their holdings or
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evangelists. He began attending church revivals all across the country and began to know God as a child, while withstanding the order from his father in learning how to play guitar while in church. Humbard was also the first evangelist to have a weekly nationwide television program in the
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In the 1960s, Humbard's ministry started to purchase businesses through a for-profit arm to raise money. Over time they owned a girdle factory in
Brooklyn, an office tower in Akron, a college on Mackinac Island, an advertising agency, an apartment building, and other assets.
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complex in
Cuyahoga Falls, which was also slated to hold a transmission tower for his planned local TV station on Channel 55, WCOT. During that time, though, the SEC investigation mentioned above occurred and Humbard had to stop construction of the tower, with the
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Humbard's ministry ran into financial problems in the early 1970s. Starting in 1959, the ministry had sold bonds and promissory notes through its own team of salesmen. The securities were not registered and came under the scrutiny of the
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The Rev. Rex
Humbard, the man behind the Akron area's claim as the home to televangelism died Friday at a hospital in Atlantis, Florida. ... Humbard, who turned 88 on Aug. 13, suffered from congestive heart
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350:, in the 1980s with his wife, Maude Aimee (whom he married in 1942), Humbard was still often seen on television broadcasts and at public appearances preaching Christianity.
399:, following hospitalization, at the age of 88. He was survived by his wife, Maude Aimee (who died in 2012), and four children. He is buried at Rose Hill Burial Park in
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subsequently deleting WCOT's authorization in 1976. Years later, the tower was purchased by a local businessman and is now used as a cellular phone tower.
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By 1973 his holdings included a girdle factory in
Brooklyn, a $ 10 million office complex in Akron and a college on Michigan's Mackinac Island (see
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217:. Humbard's wife, Maude Aimee, and his children were also often featured on the programs. His ministry eventually extended to
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Hall of Fame in 1991. Humbard was termed one of the "Top 25 Principal
Architects of the American Century" by
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578:"If Jesus Were Preaching Today, Says His Tv Apostle Rex Humbard, 'he Would Never Get into Politics'"
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in 1982. Humbard's television ministry promoted an independent
Christian television station in
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635:"UP Founder & CEO Charley Humbard Honored as 'Gospel Music Heritage Living Legend'"
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Humbard's son Rex, Jr. succeeded his father in the ministry after the family moved to
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on
December 27, 1999. In April 2007, he was inducted into the Arkansas Walk of Fame.
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show was aired on over 600 stations at the peak of its popularity.
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370:. He was inducted into the Broadcasters Hall of Fame in 1993 by
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486:"Colette M. Jenkins, "Humbard helped to shape modern ministry""
610:"Local history: Cathedral Tower could have been something big"
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159:(August 13, 1919 – September 21, 2007) was an American
665:"Jim Carney, "Humbard biography recalls tearful Presley""
511:"BBC NEWS | Americas | US TV evangelist Rex Humbard dies"
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The Soul
Winning Century, The Humbard Family Legacy
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The Soul
Winning Century, The Humbard Family Legacy
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488:. Akron Beacon Journal. 2007-09-23. Archived from
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308:(Channel 17), which later was purchased by the
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177:Humbard was born on August 13, 1919, in
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391:Humbard died on September 21, 2007, in
207:Humbard's television programs featured
461:"Televangelist Rex Humbard Dies at 88"
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111:Rex, Jr., Don, Charles, and Elizabeth
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710:Jenkins, Colette M. (2007-09-22).
667:. Akron Beacon Journal. 2007-08-18
608:Price, Mark J (6 September 2011).
271:Securities and Exchange Commission
257:for weeks. Humbard officiated at
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797:People from Little Rock, Arkansas
817:People from Cuyahoga Falls, Ohio
576:McMurran, Kristin (1981-05-11).
442:CNN obituary, September 22 2007.
335:and Cuyahoga Falls-based former
119:Alpha E. Humbard and Martha Bell
787:American television evangelists
690:National Religious Broadcasters
614:Akron Beacon Journal / Ohio.com
380:National Religious Broadcasters
27:American evangelist (1919–2007)
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686:"NRB Hall of Fame Recipients"
822:People from Lantana, Florida
545:. 1973-03-05. Archived from
513:. 2021-12-22. Archived from
385:U.S. News & World Report
310:Trinity Broadcasting Network
812:Religious leaders from Ohio
447:September 29, 2007, at the
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594:Mackinac College (Humbard)
539:"Religion: Rex in the Red"
157:Alpha Rex Emmanuel Humbard
53:Alpha Rex Emmanuel Humbard
278:rotating-tower restaurant
276:Humbard began to build a
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397:congestive heart failure
802:People from Akron, Ohio
143:Cathedral of Tomorrow,
742:Rex Humbard Foundation
641:. 2016. Archived from
323:The rest of Humbard's
782:American Pentecostals
463:. CBN.com. 2007-09-22
325:Cathedral of Tomorrow
286:Cathedral of Tomorrow
193:Cathedral of Tomorrow
179:Little Rock, Arkansas
166:Cathedral of Tomorrow
161:television evangelist
67:Little Rock, Arkansas
777:American evangelists
716:Akron Beacon Journal
320:television network.
211:such as the popular
198:Cuyahoga Falls, Ohio
145:Cuyahoga Falls, Ohio
139:Congregations served
549:on November 6, 2012
413:Miracles in My Life
364:Miracles in My Life
807:RCA Victor artists
712:"Rex Humbard dies"
358:Humbard wrote two
346:After retiring to
81:September 21, 2007
393:Atlantis, Florida
214:Cathedral Quartet
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280:(similar to
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83:(2007-09-21)
772:2007 deaths
767:1919 births
339:affiliate,
253:stadium in
227:Middle East
183:Pentecostal
132:Pentecostal
103:Maude Aimee
34:Rex Humbard
761:Categories
721:2010-10-10
671:2007-09-22
587:2010-10-10
553:2010-10-10
521:2021-12-23
496:2007-09-23
425:References
196:church in
59:1919-08-13
695:April 16,
374:Governor
314:Cleveland
284:) at his
255:São Paulo
235:Australia
116:Parent(s)
748:Obituary
727:failure.
445:Archived
333:licensed
231:Far East
108:Children
341:WBNX-TV
312:as its
298:Florida
18:Humbard
582:People
420:(2006)
354:Legacy
251:soccer
247:Brazil
243:Africa
225:, the
223:Europe
219:Canada
163:whose
128:Church
100:Spouse
395:, of
202:Akron
181:, to
697:2021
651:2017
639:UPTV
621:2017
543:TIME
469:2007
372:Ohio
306:WDLI
241:and
93:U.S.
78:Died
71:U.S.
49:Born
750:on
291:FCC
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566:^
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337:CW
318:UP
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