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AME Church Halts Retiree Payouts Amid Probe Into Missing Funds
The Wall Street Journal; subscription may be required
Mar. 10, 2022 "The African Methodist Episcopal Church, among the largest U.S. Protestant denominations, has suspended retirement payments and discussed steep cuts to the savings of its ministers amid an investigation into missing funds ... The church said federal law enforcement and an outside law firm are investigating 'a possible financial crime' involving funds managed by its retirement-services department covering about 5,000 participants, including ministers and bishops." |
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