St. Tikhon’s Investigation Reveals Thousands Lost, Rampant Mismanagement

March 24, 2010

After completing a final review of the Report of the St. Tikhon’s Investigation Committee, which was charged with investigating the financial situation of Saint Tikhon’s Monastery and Bookstore in South Canaan, PA, the members of the Holy Synod of Bishops of the Orthodox Church in America have posted the committee’s summary report on the OCA web site at http://www.oca.org/PDF/NEWS/2010/2010-0320-stic-executive-summary.pdf.

The Office of the Secretary will not publish the full report online but has said they will send an electronic copy of the complete report to those who send a request to report@oca.org. They also say the report is copyrighted and may not be reproduced without permission.

One paragraph in the summary says: “Our investigation identified and confirmed what was generally known throughout the Church: that Metropolitan Herman was the dominant figure at St. Tikhon’s with almost total control over its activities. Our investigation also found that Metropolitan Herman did not perform his fiduciary duty to reasonably manage the activities of St. Tikhon’s. This failure resulted in the loss of thousands of dollar and left a debt of over $1.5 million.”

His Grace, Bishop Nikon of Boston and New England and the Albanian Archdiocese, chaired the investigation committee. Also serving on the investigation committee were Archpriests Michael Matsko, Mark Sherman, and John Steffaro; Priest Stephen Vernak; and Mr. Larry Skvir. Sergei Givotovsky, Esq. a member of the Metropolitan Council’s legal committee, served as legal advisor.

Be Sociable, Share!

{ 1 comment }

Comments on this entry are closed.

Previous post:

Next post: