Church Treasurer Needs to Repent

Gregory Olson, formerly of Las Vegas now living in North Dakota, was sentenced to four years in prison for stealing nearly $1.5 million from the church where he was treasurer and committing more than $500,000 in tax fraud.

Olson earlier pled guilty to the charges and admitted in court that he made unauthorized cash and check withdrawals from the church’s bank accounts, false claims for reimbursement for church expenses, unauthorized receipt of mortgage loan proceeds and solicited loans from church members. He failed to report the stolen money as income to the IRS.

Olson’s fraud scheme bankrupted the church.