Minkow was convicted Wednesday of embezzling $3 million from San Diego Community Bible Church. "We stand vigilant against those who cheat and steal without regard to the consequences wrought on their victims and their communities," U.S. Attorney Laura Duffy told the Associated Press (AP).
Courthouse News Service reports that Minkow pleaded guilty to opening unauthorized bank accounts, forging signatures, and using funds from the church for his personal benefit.
According to a statement from the U.S. Attorney's Office:
In addition, Minkow confessed to diverting SDCBC member donations for his own benefit and embezzling money intended as church donations. In all, Minkow admitted purloining - and concealing from the IRS - at least $3 million from SDCBC's parishioners ...1