Tuesday, September 16, 2008

St. Tikhon's Seminary (OCA) secretly mortgaged

Full article here. I'd highlight the important part, but it would all be red.

Six weeks after the Metropolitan Council unanimously requested the 2007 financial statements and audited reports from St. Tikhon's Monastery, in early April 2008, former Metropolitan Herman quickly arranged a $152,000 loan from the Honesdale Bank according to documents sent to the Metropolitan Council by an unidentified OCA member. The mortgage was taken out without the knowledge or authorization of the Metropolitan Council, in an apparent violation of the OCA Statute. Members of the OCA Administration have also privately denied knowledge of the mortgage, but no public comment has been made.

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