Overview
- Olof Olsson, 45, was charged in a 24-count indictment unsealed Thursday in New York County Supreme Court before Judge Althea Drysdale.
- Officials say the licensed securities broker diverted more than $3.8 million while serving on the church board, using his access to manage the congregation’s assets.
- Prosecutors allege he opened a bank account in the church’s name that only he could use and then produced fake investment statements to mislead other board members.
- Court filings say the money went to personal expenses, risky investments, and a failed business venture.
- The Attorney General’s Public Integrity Bureau began the investigation in December 2025, and the case now proceeds in court with a top charge that carries up to 25 years in prison if he is convicted.