Two charged with stealing $20K loan funds from Ford Heights church
Sun-Times Media March 27, 2014 5:46PM
Allis Franklin / photo from Cook County Sheriff's police
Updated: April 29, 2014 6:36AM
Two men are accused of stealing a $20,000 loan intended to go toward repairs for a Ford Heights church.
Allis Franklin, 66, and Horace Brownfield, 63, are both charged with theft from a house of worship, according to a release from the Cook County Sheriff’s office.
Franklin had assisted the True Light Missionary Baptist Church in applying for a Small Business Administration loan to help pay for repairs in August, according to authorities.
In November, Franklin and Brownfield went to a Chicago Heights bank and filled out paperwork for a resolution of corporation, representing themselves as officers of the church, investigators allege.
The resolution allowed them to open two accounts and make deposits and withdrawals, police claim.
Unbeknownst to the church, the $20,000 SBA loan was deposited into the account they allegedly opened, and the men allegedly withdrew the entire amount to spend on themselves, authorities claim.
The church’s pastor only realized what happened when he contacted the SBA to check on the status of the loan, and learned the money was already deposited, the release said.
Franklin was arrested Tuesday and Brownfield was arrested Wednesday, police said. They will next appear at the Markham courthouse April 16.