Thursday, June 09, 2005

Nobody Knows, The Trouble I've Seen

I think it's time for Larry to go preach to his fellow inmates in prison.

COVINGTON - The Rev. Larry Davis purchased a Porsche with some of the more than $700,000 he stole from the First Baptist Church of Cold Spring - sometimes brazenly withdrawing the money at horse racetrack ATMs, a federal prosecutor says.

"The thought of somebody in a leadership position misappropriating funds for personal use is very troubling," said U.S. Attorney Gregory Van Tatenhove.

"We, as a community, need to take a strong stand to hold those individuals accountable."

A seven-count federal indictment returned Wednesday says Davis submitted a false loan application to Fifth Third Bank, evaded federal income taxes for four years, and transferred stolen church money across state lines to buy the Porsche 911 and a minivan.

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