Financial Crime News 11/13/2023
Nov 13, 2023(November 07) Man Accused Of Stealing From Churches Along East Coast Arrested In Rowan County | Rowan County, N.C.
A man who deputies said is known along the East Coast for allegedly breaking into churches and stealing music equipment has been arrested for the same crime in Rowan County.
Mykal Othnel Charter was arrested Monday, according to the Rowan County Sheriff’s Office. He’s been charged with felony breaking and entering a place of worship, felony larceny after breaking and entering, and misdemeanor injury to real property.
Deputies said he broke into Trading Ford Baptist Church on July 16 and stole a keyboard worth $3,300.
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November 06) Mormon Church Sued Again For Allegedly Using Offerings To Pad Investments | Salt Lake City, Utah
The Church of Jesus Christ of Latter-day Saints is facing a new federal lawsuit in U.S. District Court in Salt Lake City over accusations that its investment arm improperly used donations intended for charity.
The lawsuit, filed this week, contends that three men who donated hundreds of thousands to the church had their contributions diverted to investments rather than used for the promised humanitarian efforts, The Associated Press reported.
This action adds to ongoing scrutiny of the opaque financial operations of The Church of Jesus Christ of Latter-day Saints, as well as the management of its substantial investment portfolio.
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