A financial advisor and baker associated with a Church of Sweden congregation in Midtown Manhattan has been accused of stealing more than 3.8 million dollars from church funds over several years. Authorities in New York allege that the man, identified as Olof Olsson, abused his position of trust within the Swedish Seamen’s Church, where he worked in the café and also served in a financial oversight role. Prosecutors say the case involves one of the most serious breaches of trust within a religious institution in recent years.
According to the New York Attorney General’s office, Olsson is accused of misappropriating donations and bequests intended for the church’s mission and operations. Investigators claim he had control over financial accounts linked to the congregation and allegedly redirected funds into personal accounts under his sole control. The indictment states that the alleged activities took place over a period spanning from 2018 to 2025, during which large sums were gradually diverted without immediate detection.
Authorities further allege that the accused created false documentation to conceal the movement of funds. This reportedly included opening accounts in the name of the church and producing forged financial statements to disguise withdrawals. The money is said to have been used for personal expenses, including everyday living costs as well as funding unsuccessful private ventures. Investigators say the scheme was uncovered after irregularities were identified during a financial review that triggered a formal inquiry.
New York Attorney General Letitia James stated that individuals entrusted with charitable funds are expected to act in the best interests of their communities, and that any abuse of such trust will be met with legal action. Her office’s Public Integrity Bureau began investigating the matter in late 2025, eventually gathering evidence that led to a 24 count indictment. The charges include multiple counts of grand larceny and possession of forged instruments, reflecting the scale and duration of the alleged misconduct.
The case has raised concerns about financial oversight within religious and charitable organizations, particularly those managing significant donation streams. As the legal process moves forward, the accused is expected to face court proceedings related to all charges outlined in the indictment. Church representatives have not issued detailed public statements on the matter, but the allegations have already drawn attention to the need for stricter internal controls and transparency in handling congregational funds.
