Church CFO takes church for nearly $500k!

Aug 19, 11 • Breaking NewsNo Comments

Having a church CFO or business administrator that can do everything can be a real blessing.  The downside is if there aren’t proper checks and balances in place, he may decide to use that power to defraud the church.  Jason Todd Reynolds was a trusted employee for seven years but he ended up buying three cars on the church’s credit card, paid his mortgage with church checks, and just plain wrote checks to himself.  A simple review of the bank reconciliation and statements by a board member could have revealed this fiduciary misconduct.  Often times church business administrators and CFO’s are looking over your shoulder, but who’s double checking their work at your church?

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Information obtained from Maryland Community News Online.

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