Staccato Powell, a former bishop, and Sheila Quintana engaged in fraudulent activities involving AME Zion Church properties. They secured high-interest loans against various church properties worth about $14 million from 2017 to 2021. The Palo Alto location was a major victim, with Powell falsely assuring the pastor of a maximum loan of $200,000 while actually obtaining $3.6 million. Loan proceeds benefited Powell personally by settling his own mortgage and acquiring land. Following these events, Powell was disrobed on July 29, 2021, and now faces sentencing on September 23.
Staccato Powell, 65, was involved in a scheme that included taking out high-interest loans totaling about $14 million against AME Zion Church properties, defrauding multiple congregations.
The Palo Alto church was misled into believing a loan of no more than $200,000 was being taken out, while loans amounting to $3.6 million were actually secured.
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