SEC Brings Charges Against Mark MacArthur

Mark MacArthur, son of John MacArthur and board member of MacArthur’s Grace to You ministry, has been charged by the Securities and Exchange Commission of engaging in a scheme to defraud clients over a three year period from 2014 to 2017. According to the complaint, MacArthur and his partner, Robert Gravette, failed to disclose a costly conflict of interest:

Defendants Criterion Wealth Management Insurance Services, Inc. (“Criterion”), Gravette, and MacArthur were investment advisers. They owed their clients – who entrusted them with the discretionary management of their money – a fiduciary duty to act with loyalty, fairness, and good faith. This civil enforcement action arises from defendants’ breach of their fiduciary duty when failing to disclose a glaring conflict of their financial interests with those of their clients. From the spring 2014 through the summer 2017, defendants recommended that their advisory clients invest more than $16 million in four private placement funds, without disclosing that the fund managers for these investments had paid them more than $1 million in side compensation – income on top of the fees that defendants were already charging their clients directly.

For two of the private placement funds, the undisclosed  compensation that defendants received reduced the investment returns that defendants’ advisory clients would have otherwise received. Defendants kept their clients in the dark as to all these material facts and, in doing so, they violated their fiduciary duty and defrauded their advisory clients.

Read the SEC Complaint

According to the complaint, MacArthur and Gravette (both The Master’s University graduates) worked with another TMU graduate at a separate company to construct a scheme which allowed Criterion to pocket fees which should have gone to Criterion’s clients. The SEC claims MacArthur and Gravette failed to disclose the terms of investing to clients which put those clients at a disadvantage and depressed their investment returns.

It is not stated in the complaint which clients received the lower returns or if any of the entities controlled by the MacArthurs were involved as investment clients.

Beth Moore Says “Let’s Move On”

About John MacArthur, Beth Moore recently said:

If you are on Christian twitter, you probably know this story. John MacArthur was asked to respond to a word association exercise on stage at his church’s Truth Matter’s conference and the host began with “Beth Moore.” MacArthur’s response was “Go home” (at 53 seconds into the clip below). There is audio from YouTube:

He continued to say there was no biblical basis for women to preach. This led to a huge uproar with MacArthur understandably roasted for his callous, dismissive approach to a Christian sister. Grace to You executive director Phil Johnson followed by calling Moore “narcissistic” and criticized her ministry.

Many have commented on this. I once thought women should not preach, and now I believe they may be called to do so. I have changed my perspective on many things over the years. Christians have assorted views on who should and shouldn’t do many things. In other news, water is wet.

What seems plain is that Christians are supposed to get along and love one another. I hope that isn’t controversial. I am pretty sure it isn’t happening as much as it should. That is why I wanted to highlight two tweets from two strong spiritual women.

I led with Moore’s tweet. Look at it. Putting the lie to Phil Johnson’s judgment of narcissism, a narcissist doesn’t call off the dogs. A narcissist rounds them up, calls out reinforcements, and sends them in for the kill. Witness Donald Trump. He wants his Republican troops to ignore what he has done and give up all for his cause. Deny yourself and follow Trump. Attacking those who attack the narcissist is the true test of loyalty. Beth Moore said back off, slander doesn’t honor God.

Then another one that caught my eye comes from Julie Roys:

I am not certain but I bet Julie and I disagree on some things, but I sure agree with her here. Being dismissive and cruel isn’t a fruit of the Spirit.

I hope all the “dudes” (listen to the audio) get that. If we are all right about the afterlife, we all — dudes and dudettes — will be spending a lot of time together on holy and equal ground.

 

Let Justice Roll Down: Thoughts from John M. Perkins

Today a copy of John Perkins’ 1976 autobiography, Let Justice Roll Down, arrived in my mail box as a gift from a friend. I looked for this book as a part of my research into John MacArthur’s claim that he and Perkins traveled to Memphis on the night Martin Luther King, Jr. was assassinated. I reported the results of my research and my interview with John Perkins’ daughter in a prior post.

In this book, Perkins mentions the support he received from John MacArthur’s father but doesn’t mention anything about going with John MacArthur to Memphis on the night of MLK’s death. I think that would be a story I would include if it had happened to me.

Social Justice

What is striking about this book is Perkins’ commitment to social justice. I say it is striking because Perkins has declined to speak on the record about the MacArthur story, choosing instead to allow his daughter to speak for him. Deborah Perkins has supported the story of Charles Evers who said he didn’t go to Memphis with MacArthur and Perkins that night.

Why is it striking to me? John MacArthur has gone on record as criticizing the social justice movement in the evangelical church. He promotes a critical statement on social justice which seems to cast doubt on much of what John Perkins has worked for.

As I read Perkins book, I came across these words:

The contribution of the civil rights movement to the black man’s struggle for justice and equality is one that is undeniably great. And this is so, because those who led the movement were committed men and women. They were committed to the cause. And to the struggle.

But how sad that so few individuals equally committed to Jesus Christ ever became part of that movement. For what all that political activity needed — and lacked — was spiritual input.  Even now, I do not understand why so many evangelicals find a sense of commitment to civil rights and to Jesus Christ an “either-or” proposition. (p. 99).

Perhaps, Rev. Perkins should ask his friend John MacArthur why so many evangelicals can’t walk the gospel and chew social justice gum at the same time. Or maybe John Perkins could help MacArthur understand his point of view.

Later in the book, Perkins wrote about the ostracism his children experienced in the all white schools of Mendenhall, MS. No Christian leaders, parents, or students spoke up to support them. He wrote:

I had to just watch. It hurt. The question kept popping up inside me: Does the gospel  — that is, the gospel as we presently preach it — have within itself the power to deal with racial attitudes? The thing that hit me was that the supposed presence of the gospel was simply not effective in terms of human relations. If evangelism is truly on the side of God and His love, then it should never allow itself to look like it’s on the side of a bigot-producing system. (p. 108).

I know which side I want to be on. To be fair, I believe most people want to be on the right side. However, I invite anti-social justice warriors to ask themselves why Perkins’ question is just as relevant in 2019 as it was in 1976.

John MacArthur’s Story About MLK Jr.’s Assassination and Evil Insinuations

For many years, John MacArthur has told a story about the night Martin Luther King, Jr. died. Although the details vary slightly with the telling, the summary is that he, John Perkins and some other civil rights leaders traveled from Jackson, MS to Memphis, TN the night MLK was murdered. They went to the Lorraine Motel and stood where King was killed. They also went to the nearby boarding house where James Earl Ray carried out the shooting.

A February 2019 investigative report filed in the online NOQ Reports questioned MacArthur’s story via the testimony of civil rights leader Charles Evers. MacArthur named Evers as one of the civil rights leaders present in Jackson that night and implied that Evers went with the group to Memphis. Evers denied knowing MacArthur and denied going to Memphis with him or anyone the night King was murdered. In fact, news accounts of the day make it improbable that Evers could have made that trip.

One crucial eyewitness who has remained silent is civil rights icon John Perkins. Perkins was with MacArthur in Mississippi that night and MacArthur has indicated that they were together for the trip. Perkins did not speak on the record for the NOQ Reports article and declined to speak directly to me. However, he did authorize his daughter Deborah Perkins to speak for his Foundation about the issue. Deborah Perkins told me in a March phone interview that Charles Evers’ denial of MacArthur’s story was correct. I also interviewed Evers who told me that he didn’t go to Memphis that night. My summary of those two interviews was as follows:

In summary, when John Perkins’ representative had the chance to confirm John MacArthur’s story, she declined to comment; then she spontaneously affirmed the accuracy of the person who said it wasn’t true. This is what I can offer at this time. What it means is surely in the eye of the beholder.

Now comes Brent Detwiler who has taken just about everything written on this subject and compiled it into a lengthy article which he says is the most important one he’s ever written. If interested in this subject, it is worth reviewing since it brings together what has been written and adds some new correspondence.

Did I Make Effort to Talk to Perkins?

My point with this post is to comment on one small aspect of that correspondence from Phil Johnson, Executive Director of Grace to You, the ministry of John MacArthur. Johnson appears to act as MacArthur’s public voice. At least on this matter, Johnson has been doing that. In an email attributed to Johnson, Johnson says the following to Detwiler:

My original challenge to Mr. Throckmorton stands for you: If you seriously want to investigate John MacArthur’s account, you need to ask John Perkins one simple question—namely, “Is it true that you went with John MacArthur to the Lorraine Motel in the wake of the MLK assassination?”  Throckmorton made no attempt to get an answer to that question, but published a piece full of evil insinuations anyway—to his own embarrassment.

Here is the background for this paragraph. In prior correspondence, Johnson suggested that I contact Perkins with the question: “Is it true that you went with John MacArthur to the Lorraine Motel in the wake of the MLK assassination?” I told him at that time that I had already contacted John Perkins through Perkins’ website. I wanted to ask Perkins this exact question. Knowing that MacArthur and Perkins were friends, I asked Johnson if he had more direct contact information. I did not get a reply to this question.

And so Johnson’s assertion to Detwiler is not true. I asked Perkins via his Foundation if he had accompanied John MacArthur to Memphis in the wake of MLK’s assassination. Perkins himself did not reply, but a representative from his foundation did and said that someone from the foundation would reply after they talked to Dr. Perkins following his return from a business trip. In addition, they wanted me to submit examples of articles that I had published in the past. I then heard from a representative that Perkins Foundation co-president Deborah Perkins would talk to me after her father returned. The results of that interview are reported here.

In fact, I made significant efforts to get an answer to that question and Johnson knows it because we discussed it via email. Despite the fact that Deborah Perkins is John Perkins’ daughter, the co-president of the Foundation, and spoke as a representative of the Perkins Foundation, Johnson called Deborah Perkins’ answer “hearsay.”

Furthermore, my article contained very little in the way of insinuation, evil or otherwise. I wrote:

I asked for response or comment from Johnson and Rev. MacArthur (through Johnson) but they didn’t response by the time I published this. I will be happy to add any response they offer.

Without a lengthier interview with Dr. Perkins, I still don’t know in detail what happened that night or if there was ever a trip to Memphis (within a week, a month?). Perhaps everybody involved has a fuzzy memory for the events of the time.

In summary, when John Perkins’ representative had the chance to confirm John MacArthur’s story, she declined to comment; then she spontaneously affirmed the accuracy of the person who said it wasn’t true. This is what I can offer at this time. What it means is surely in the eye of the beholder.

It is perplexing to me how Mr. Johnson can get an “evil insinuation” out of this. It is also simply wrong — and I believe Mr. Johnson should correct his statement now that it is public — that I made no effort to contact Perkins. I did, and I still hope to hear Dr. Perkins personal statement about what he did the night Martin Luther King, Jr. was assassinated. I believe his daughter spoke officially and with the authority given to her by her father, but there are those who will only heed something from Dr. Perkins himself.

Where Was Charles Evers After Martin Luther King, Jr Was Murdered?

At 6:01pm on April 4, 1968, Martin Luther King, Jr. was murdered in Memphis, TN at the Lorraine Motel.

Recently, I posted a statement from the John and Vera Mae Perkins Foundation regarding the night of Martin Luther King Jr’s murder. Since 2007, John MacArthur has publicly stated that he traveled from Jackson, MS to Memphis, TN the night MLK was murdered. His stories strongly imply that his companions on that trip were civil rights icons John Perkins and Charles Evers, as well as other unnamed African-American people. Charles Evers has denied this and the Perkins Foundation’s representative told me that Evers’ statement is accurate. At the same time, the representative (John Perkins’ daughter Deborah) declined to make any statement about her father’s travels on that night.

Charles Evers has told at least three different stories about that night. He has said he was on his way to Natchez for a meeting and heard on a car phone that King was killed. He also said he heard it on the radio while in the car. He said on one occasion that he was with Bobby Kennedy in Gary, IN when he heard about the murder. However, he never said he was with John MacArthur in Jackson, MS when he heard the news. He told me when I interviewed him that he may have gone later to Memphis but not on the night of the murder.

In his various accounts, Evers said that he returned to Jackson after he heard the news and denies going to Memphis. This much can be confirmed. Some specifics might be lost to time but we can place Evers in Jackson after the murder according to newspaper accounts.  In this April 5, 1968 Greenwood (MS) Commonweatlth news article, it is clear that Evers is in Jackson helping to quell violence until late in the evening of April 4 (this article helps establish the time).

While he could have gone to Memphis in the small hours of April 5th, it appears that Evers remained in Jackson on the evening of April 4.

Evers on April 5th

According to a short piece in a St Louis daily, Evers was supposed to speak at a NAACP event in St. Louis on Friday night April 5th. However, he didn’t make it due to illness.

Evers on April 6th

While it isn’t certain that Evers was in Jackson, the location of this UPI article is listed as Jackson. The interview would have taken place on Saturday April 6.

Evers on April 7th – Martin Luther King, Jr’s Funeral

In this April 8, 1968 news article a photo was published of Evers with Mrs. King at the funeral which took place on April 7 in Atlanta.

None of these clippings conclusively disprove John MacArthur’s story. Taken together, they do provide evidence that Charles Evers was probably in Jackson from the time he heard about the death of King until he went to King’s funeral.