Fake Buddhism?

I decided to get serious with Buddhism around April this year. During the search for a temple in my local area, I came across 真佛宗. My friend mentioned that the master of 真佛宗, 盧勝彥, is famous for his extravagant life-style and showing off of his Rolex watch and Rolls-Royce salon instead of an authentic Buddhism teaching. I had heard of him but didn't know much of the details. Recently, I found out this page about his anecdote. But I really like to see if there is any refutation from 盧勝彥 or his disciples.