A Kingsport pastor has been arrested for allegedly siphoning more than $60,000 from his church’s bank account, then putting the funds to his own personal use.
On Wednesday, a Sullivan County grand jury returned indictments against Boyd Watson Holder Jr., 44. Kingsport Police arrested Holder late Thursday night at the parsonage of Victory Apostolic Church on Kite Street.
Holder has reportedly served as pastor of the church since 2010. According to records, some members of the congregation brought concerns to police in early February of this year.
They alleged that between $70,000 and $100,000 had been discovered missing from the church’s bank account, believing that the discrepancies coincided with Holder’s tenure.
Holder was reportedly the only person who could access the funds, according to a KPD incident report — and when questioned about the money by church members, responded, “It is none of your business.”
KPD detectives launched an investigation into the complaint, analyzing financial records of both Holder and the church. Findings of the criminal probe were presented to the grand jury this week, with a true bill returned that indicted Holder for theft of more than $60,000 and money laundering. Each charge is a Class B felony.
Citing an ongoing investigation, Kingsport police have declined to specify the exact amount of money believed to have been stolen from church coffers, or what Holder is alleged to have used them for.
Court documents state that witnesses to the grand jury included representatives from multiple financial institutions, a Kingsport auto repair business and websites Online Buddies and Farmers Only.
Along with the claims of stolen money, Holder appears in two additional KPD incident reports over the past six months. Both are also linked to Victory Apostolic Church.
At approximately 1:20 p.m. of Dec. 15, an officer observed a large, white passenger van in the rear parking lot of the vacant Stone East building, 2550 East Stone Drive. A check of the vehicle reportedly found two individuals engaged in sex acts.
Read more: timesnews.net