"Olof Olsson, a licensed securities broker and board member, was responsible for safeguarding donations but instead funneled church money into accounts he controlled."
"The 24-count indictment charged Olsson with stealing at least $3.8 million from the church, starting in 2018 through 2025."
"Attorney General Letitia James stated, 'When churchgoers donate money, they expect their generous contributions will be used to support their church and its mission.'"
"Olsson's actions represent a significant breach of trust, as he took advantage of his role to steal millions from fellow churchgoers."
Olof Olsson, a board member and financial advisor of the Swedish Church of New York, was indicted for allegedly stealing over $3.8 million from the church from 2018 to 2025. He misused his position to divert church funds into personal accounts, spending the money on risky investments and personal expenses. The indictment includes multiple charges such as grand larceny and falsifying business records. Attorney General Letitia James emphasized the betrayal of trust involved in the theft from churchgoers.
Read at www.amny.com
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