A Connecticut pastor was arrested after he allegedly forged deed documents and sold a church worth more than $1million to himself for just $1.
Bishop Franklin Fountain has been charged with first-degree larceny and second-degree forgery.
He is accused gifting the Fountain of Youth Cathedral in Bridgeport to himself, and if convicted of the charges, could face more than 20 years in prison.
Bridgeport police say they received a complaint from the church’s board of directors and members of Fountain’s family that Fountain had allegedly altered the deed documents and sold the church to himself without board authorization.
The church property on 324 Madison Avenue is valued at $1.5million, the Connecticut Post reported, and city records list Fountain as the owner.
Fountain, 55, who was released Wednesday on a promise to appear in court, says the case is ‘ridiculous’ and that he expects ‘this will all be worked out’.
The Pentecostal church was founded in 1960 by Fountain’s father, Franklin D Fountain, who led the church up until 2004.
Fountain took over as head pastor when his father passed away in 2005, according to the Connecticut Post.
His lawyer, Errol Sykes, told the newspaper he is waiting to see the police report before commenting.