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Charismatic Bible teacher Kenneth Hagin Sr. is considered the father of the so-called prosperity gospel. The folksy, self-trained “Dad Hagin” started a grass-roots movement in Oklahoma that produced a Bible college and a crop of famous preachers including Kenneth Copeland, Jerry Savelle, Charles Capps, Jesse DuPlantis, Creflo Dollar and dozens of others—all of whom teach that Christians who give generously should expect financial rewards on this side of heaven.
Hagin taught that God was not glorified by poverty and that preachers do not have to be poor. But before he died in 2003 and left his Rhema Bible Training Center in the hands of his son, Kenneth Hagin Jr., he summoned many of his colleagues to Tulsa to rebuke them for distorting his message. He was not happy that some of his followers were manipulating the Bible to support what he viewed as greed and selfish indulgence.
Those who were close to Hagin Sr. say he was passionate about correcting these abuses before he died. In fact, he wrote a brutally honest book to address his concerns. The Midas Touch was published in 2000, a year after the infamous Tulsa meeting.
Many Word-Faith ministers ignored the book.
article from CBN, 700 club acknowledging the recanting of Hagin himself and noting the convenient way it has been overlooked by those who are WOF
