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Former First Baptist Spartanburg administrator, David Dennis, was charged with embezzling over $200K of church funds on Monday.
A Vatican tribunal on Wednesday defended its 2023 decision to convict a senior Catholic cardinal of misappropriation of funds, saying the prelate was "aware of all the steps" in a botched $200 ...
The most serious allegation the lawsuit makes is that Rawlinson and others misappropriated church funds and have not produced proper accounting to show how church resources are being used.
Church founder Kong Hee and five other church leaders were found guilty by a District Court on 21 October 2015 of CBT by agent after misappropriating some S$50 million of church funds. Approximately S$24 million was invested in sham bonds to bankroll the pop-music career of his wife, Ho Yeow Sun , while a further S$26 million was used to later ...
In law, misappropriation is the unauthorized use of another's name, likeness, identity, property, discoveries, inventions, etc. without that person's permission, resulting in harm to that person. Another use of the word refers to intentional and illegal use of property or funds; it can particularly refer to actions committed by a public official .
The classic example of defalcation occurs when a trustee recklessly invests trust funds and loses the money. If the beneficiary wins a judgment against the trustee, and the trustee files for bankruptcy , the debt (the judgment) cannot be discharged in bankruptcy because the debt was the result of a defalcation.
On March 16, 2006 Metr. Herman announced the dismissal of the church's chancellor, Protopresbyter Robert S. Kondratick. [2] At a December 2006 joint meeting of the OCA's Holy Synod of Bishops and Metropolitan Council, information concerning the investigation's results to date was presented.
A Catholic priest was arrested in Pennsylvania Wednesday for allegedly stealing almost $100,000 in church donations. Catholic priest allegedly stole almost $100,000 from church, spent it on Grindr ...