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The classic example of a snake oil salesmen are the televangelist preachers who milk money from their supporters.
It was on this day in 1988 that one of them "went down in flames".
Jim Bakker was indicted on federal charges of mail and wire fraud and of conspiring to defraud the public. The indictment also helped to shine a spotlight on the fact that Bakker had had sex with a former church secretary named Jessica Hahn in a Florida hotel room. Just like Trump did with Stormy Daniels, he paid Ms. Hahn a large sum of money to keep silent about the affair.
The scandal put an end to Praise the Lord Ministries, and Bakker was sentenced to 45 years in prison. The sentence was later reduced to 8 years.
"Make up queen" Tammy Fay Bakker divorced him when he was in prison,
Not surprisingly, his fellow snake oil salesmen" were quick to condemn him.
One of those was Jimmy Swaggart, However, after Swaggart got caught with prostitutes on two separate occasions, the Assemblies of God church defrocked him. His ministry is still active today, but in a much reduced state.
One piece of trivia that you might find interesting is that he is a cousin to Jerry Lee Lewis, who also has had many scandals in his life. Both men are now 86 years old.
Great balls of fire!