He got PWNED by James Randi, the sceptic debunker. Randi caught PP using an ear piece in his faith healing 'acts' where his wife would radio people's details and ailments to him so he could pretend to have a message from God about Mr Smith, of 10 Road Street, Townsville, and his [insert illness here]. Randi recorded the radio communications and exposed him on national television. PP went bankrupt a year later.
Now he's back and scamming people out of $10 million a year. Why people still give him money I don't know.