OGDEN, Utah (AP) Settlement papers show Mormon church leaders agreed to return more than $202,000 in tithes paid by a man convicted of bilking investors out of more than $142 million. Federal court filings show Val Southwick gave the money to The Church of Jesus Christ of Latter-day Saints between 2001 and 2006. In 2008, the LDS Church Corporation of the Presidency agreed to return the money as part of a Securities and Exchange Commission enforcement action. Spokesman Scott Trotter says the church has a policy of not profiting from alleged ill-gotten gains. Southwick is serving nine consecutive prison terms of one to 15 years for securities fraud. A Salt Lake City law firm is trying to recover and liquidate Southwick’s assets for victims.
Free News Delivery by Email
Would you like to have the day's news stories delivered right to your inbox every evening? Enter your email below to start!