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Financial Advisor Indicted for Stealing $3.8M from Church

4/17/2026

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Summary

Story summary

Olof Olsson, a financial advisor and baker, allegedly stole over $3.8 million in donations from the Swedish Church of New York while serving on the board.
Over six years, he funneled funds into a secret bank account and created fake records.
New York Attorney General Letitia James said he exploited his position to defraud churchgoers.
He faces a 24-count indictment, including grand larceny, and could face up to 25 years.

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Story summary

Olof Olsson, a financial advisor and baker, allegedly stole over $3.8 million in donations from the Swedish Church of New York while serving on the board.
Over six years, he funneled funds into a secret bank account and created fake records.
New York Attorney General Letitia James said he exploited his position to defraud churchgoers.
He faces a 24-count indictment, including grand larceny, and could face up to 25 years.