Two years ago radio evangelist Harold Camping was predicting the end of the world. Now aides say his false predictions are likely to result in the end of his California-based Family Radio ministry.
The Contra Costa Times reported that the ministry has sold its prominent stations and laid off veteran staffers. Its net assets dropped from $135 million in 2007 to $29.2 million in 2011 according to tax records. Donations have dropped 70 percent since Camping’s Rapture prediction proved incorrect.
Camping, 91, predicted the Rapture would occur on May 21, 2011. A few days after that date, he said his calculations were off by five months.
