MCGI’s “Anytime Soon” Doctrine But Never Too Soon for Real Estate

In our previous report, we revealed the inner mechanics of a religious Ponzi economy and how the Members Church of God International (MCGI) engineered a financial system where donations weren’t merely collected, but transformed into predictable cash flow, used to underwrite grand projects, secure private assets, and feed a top-heavy business ventures.

At the core of that system was a dangerous financial tactic: overleveraging.

In the world of finance, overleveraging happens when an institution takes on more debt or financial obligation than their income can safely support, banking on future earnings to cover the difference.

In MCGI’s case, those future earnings weren’t sales or investments, they were abuloy. Faith itself became collateral.

This strategy, pioneered by the late Eliseo Soriano, was replicated at scale. Start a massive construction project, secure supplier credit or informal loans, and assume that the donations would keep rolling in to pay for it later.

This is where Farm 4 enters the story.

In Florianópolis, Brazil, MCGI began constructing what was envisioned as a sprawling water park and convention center. Pulled from their ministerial duties, church servants across Brazil were reassigned as construction laborers. Some were unpaid. Others had no formal training. None of them were told that what they were building had no legal permit.

Eventually, the project was raided and halted by Brazil’s Polícia Federal. The land had been illegally excavated, environmental laws violated, and construction stopped. Equipment was seized, fines were issued, and millions of pesos in donations vanished spent on a project that never had the legal standing to begin with. One servant reportedly died on-site. The only structure completed was a mansion said to be for Daniel Razon’s parents.

This wasn’t a mistake. It was a pattern. The leadership didn’t wait to accumulate the needed funds before building. They assumed that member donations would continue to pour in just as they always had. And for years, they were right. Abuloy flowed with such reliability that it emboldened leadership to build ahead, spend beyond their means, and mortgage the future of the organization on the unbroken financial loyalty of its flock.

Farm 4 was the clearest expression of how this overleveraging model worked. It exposed what happens when a group treats donations as guaranteed income and faith as financial leverage. There was no exit plan if things failed, only the confidence that someone else would pay the price.

Farm 4 was not an isolated incident. It was part of a broader institutional culture that prioritized expansion at all costs. Broadcast centers, media studios, farms, and international properties were launched one after another. Each project justified more collections. Each failure buried under new campaigns. All of it feeding into the illusion of divine progress, when it was really just aggressive borrowing backed by guilt and obedience.

The consequences of this strategy are now coming into focus. As membership declines and donations dwindle, the system can no longer sustain itself. Overextended properties sit half-used or abandoned. Salaries go unpaid. The empire that once looked invincible is visibly shrinking and the weight of its debt is becoming harder to hide.

Worst of all, many of the properties and ventures funded by abuloy were never actually owned by the Church. Key assets are held by private individuals within the leadership circle. Reports indicate that Arlene Razon holds a majority stake in both BMPI and KDRAC, the corporate arms behind MCGI’s media and real estate assets. If the organization folds, these individuals keep the titles while the faithful are left with nothing but burnout and betrayal.

Farm 4 is more than a failed construction site. It is the physical proof of MCGI’s financial theology. A belief that donations are inexhaustible, obedience is eternal, and consequences are always someone else’s burden.

In Brazil, that burden came in the form of a raided compound, a dead worker, and a trail of unpaid debts. In the Philippines, it continues as members are pressured to buy overpriced products, share every livestream, and give more even when there’s less.

This is what toxic overleveraging looks like when cloaked in scripture. The assets are real. The doctrines are fluid. The debt is hidden. And the faith that sustained it all is now the very thing being leveraged to hold up the crumbling facade.

The question is no longer whether the house of cards will fall. It’s who will be left underneath when it does.

This report first appeared as whistleblower information from an MCGI member, posted on Jan Michael Lachica’s feed: https://www.facebook.com/share/p/14y8qq7Jwp/