National Herald Reports FBI Investigation of Orthodox Financial Scandal

December 12, 2009  []

BOSTON — A financial scandal has roiled the parish of St. Barbara’s Greek Orthodox parish in Orange, Connecticut as potentially massive embezzlement of funds is being investigated. Preliminary examinations suggest at least one million dollars from the endowment and building funds being at stake.

The sum might be much higher – perhaps in excess of $1.8 million of the church’s money, plus monies that individual parishioners entrusted to their fellow parishioner, a financier, to be “invested”. The person who is accused of committing the embezzlement was a member of the parish and had access to its endowment and building funds.

Although the legal advisor of the parish, who spoke to The National Herald, refused to reveal the person’s name, the Connecticut newspaper “New Haven Register”, in its December 8 edition, named him as Gregory Loles.

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