CEO admits stealing from religious group, spending money on luxuries

Detroit — The former CEO of a religious charity serving the poor and homeless pleaded guilty Wednesday to embezzling approximately $250,000 to pay for car repairs, a new roof on his house, his mortgage and credit card bills.

Former Holy Cross CEO John Lynch, 57, of Grosse Pointe Park could spend 33 months in federal prison for wire fraud when he is sentenced by U.S. District Judge Bernard Friedman in January.

Lynch, who was paid $200,000 a year, also used the Clinton nonprofit’s credit cards to pay for air travel, resorts, dining, clothes, groceries and federal income taxes from 2014-17. Lynch also transferred Holy Cross money to his brother-in-law, according to a copy of his plea deal filed in federal court. In turn, his brother-in-law paid kickbacks to Lynch.

“It’s a terrible tragedy,” Lynch’s lawyer William Swor said.

Similar Articles



Please enter your comment!
Please enter your name here



Most Popular