The $441K Church Fund That Never Built Anything: Inside Boyd's Theft
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The $441K Church Fund That Never Built Anything: Inside Boyd's Theft
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A decade-long fund labeled at $441,000 turned out to hold just $4,118 when auditors checked the account - and the building permit posted on the lot had expired ten years earlier. How did one man use permits, plausible payees and community trust to siphon funds from sixty-one donors for eleven years without anyone noticing?
In this episode, we walk through the timeline from the initial permit placard photographed on January 9, 2019 to the audit that exposed the discrepancy, showing how routine procedures and faith-based trust hid a prolonged fraud. What allowed withdrawals to stay under the radar, and who finally pulled the thread that unraveled the scheme?
Person: Glenn Boyd
Date: Permit filed December 2007
Location: Lot behind Calvary Road Baptist Church
Status: Account balance $4,118 in late January 2019
Case: Sixty-one identified victims
- The Cornerstone Building Fund reported $387,000 in a church newsletter four years before auditors found $4,118.
- Crystal Foster photographed the weathered orange permit placard on January 9, 2019, which had expired in 2009.
- Glenn Boyd joined Calvary Road Baptist in 2005 and was appointed to the building committee within eighteen months.
- A Community Foundation grant of $18,500 was received in 2013, supported in part by construction photographs Boyd submitted.
- Cheryl Russo donated $23,000 to the Cornerstone Fund over eleven years and kept bank confirmations in a manila envelope.
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