Church leaders plead guilty to swindling congregation

NEW YORK (AP) - Two leaders of a New York City church have pleaded guilty to swindling members of their congregation out of $9.3 million.

By: Associated Press | WNCT-On Your Side
Published: February 15, 2010

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NEW YORK (AP) - Two leaders of a New York City church have pleaded guilty to swindling members of their congregation out of $9.3 million.
Robert Riddle and Timothy Smith of the Local Christian Assembly Church in Queens face up to five years in federal prison for their roles in an investment scam.
Prosecutors in Brooklyn say Riddle urged elderly parishioners to mortgage their homes and put the money from the loans into an investment fund that Smith helped run.
Authorities say the money was used to buy clothing, vacations and cars including a $200,000 Bentley.

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