You see, Mary Cosby is not just famous for being a part of the reality program called The Real Housewives of Salt Lake City; she is an integral part of her church, Faith Temple Pentecostal. And for those who don’t know yet, well, she is the church’s “First Lady” and Vice President, whereas her husband, Robert Cosby Sr, is both bishop and president. They are the ones leading this congregation, which also has a business arm known as United Security Financial Inc. (USF).
And just so you know, yes, USF is a for-profit enterprise controlled by the church and is responsible for several financial undertakings of Faith Temple. However, lately, a serious allegation has arisen. What though? Well, as per the claims in the Mary Cosby Embezzlement Lawsuit, Mary and Robert Cosby now suspect that some of those who worked under the umbrella of USF may have been misappropriating funds from the church over several years. So, let’s see what is really going on here.
What’s Going On? A Big Embezzlement Scandal
By this point, you may already know that the Cosbys have initiated a lawsuit claiming that a certain amount of money, like millions of dollars, has been embezzled from the church and USF by the active members who made an unprecedented shift in the operation of USF. These two people, to say, are the culprits, the major actors of the events, namely, Annie L. Johnson and Shawn Turner. In the story told by the Cosbys, these two allegedly enriched themselves with the church funds, in some cases by taking Faith Temple means that were earmarked for the mission of this institution and converting them into personal use, you know?
So yes, this very lawsuit goes down into great detail, describing many occasions, some of which date back to as far as the early 2000s, where Johnson and Turner are accused of the mismanagement of finances, and even involving the employees in kinda shady activities in order to avoid being caught.
What Are Some Of The Shocking Allegations In This Case?
Among the various complaints made, one of the main ones is that we find Johnson and Turner engaged in different forms of financial fraud like forgery of their signatures getting non-approval loans. For example, in 2005 the Cosbys took out a loan of $119,000 which they thought was paid off later. But in the following years, it was a shock for them to discover that Johnson continued making payments from their own pockets without their prior agreement. This kind of financial tampering never went away, Johnson was using their money without the permission of the Cosbys for as long as the case was going on keeping facts well hidden, and that’s kinda what this lawsuit reveals.
How Much Money is at Stake?
Mary and Robert Cosby, a couple renowned in the church community, suspect that the church and USF after the wrongdoings that possibly took place have around $6.3 million in total funds, and this amount is simply astounding. As you may already suspect, they believe this money was dishonestly taken, and they are going right to court where they will have their chance to get it back, well, hopefully.
All in all, this whole case, on which the fate of the two main parties, Mary and her church, relies, is extremely important for Mary and her church. The public feels very much interested in it, particularly the fans of the television show The Real Housewives of Salt Lake City, as Mary’s church has suffered all rumors in the past, including the infamous rat problem, you know? While this case draws attention from reality TV viewers, it’s notably different from other high-profile disputes like the Crunchyroll Lawsuit that dealt with streaming rights and consumer protection. So yes, therefore, there are many observers who wonder how particularly this case will turn out and who will be the ultimate winner: Mary, her church, her family, or none of them.
