Quantcast

LDS Church returned $200K in Southwick tithing

Published September 13, 2009 1:33 pm

This is an archived article that was published on sltrib.com in 2009, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Settlement papers show Mormon church leaders agreed to return more than $202,000 in tithing money paid by a man convicted of bilking investors out of more than $142 million.

U.S. District Court filings show Val Southwick paid The Church of Jesus Christ of Latter-day Saints $202,761.74 between 2001 and 2006.

In 2008, the LDS Church Corporation of the Presidency agreed to return the money as part of a Securities and Exchange Commission enforcement action.

Spokesman Scott Trotter says the church has a policy of not profiting from alleged ill-gotten gains.

Southwick was convicted of securities fraud and is serving nine consecutive prison terms of one to 15 years.

A Salt Lake City law firm is trying to recover and liquidate Southwick's assets for victims.

USER COMMENTS
Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
comments powered by Disqus