KPD e-News Release: Pastor Indicted for Embezzlement and Money Laundering

	Kingsport Police Department 200 Shelby Street • Kingsport, TN 37660 ThomasMPatton@KingsportTN.gov • 423-229-9433 (Desk) • 423-224-2786 (FAX) http://Police.KingsportTN.gov • www.KingsportPDBlog.com
NEWS RELEASE
SUBJECT:		Pastor Indicted for Embezzlement and Money Laundering
DATE:		May 22, 2015
CASE #:		15-002442

GENERAL NARRATIVE

On February 6, 2015, several members of the congregation of Victory Apostolic Church, located at 1921 Kite Street in Kingsport, approached the Kingsport Police Department with concerns over a substantial sum of money being missing from the church coffers. The complainants stated that the disappearance of the funds coincided with Boyd W. Holder’s tenure as the pastor and primary financial agent of their church.

Detectives with the K.P.D. Criminal Investigations Division began a lengthy investigation into the matter, which included a thorough analysis of both Mr. Holder’s and the church’s financial records and transactions. During the course of this investigation, Detectives learned that Mr. Holder had siphoned in excess of $60,000 of church funds for his own personal use or gain.

On May 20, 2015, the findings of this investigation were presented to the Sullivan County Grand Jury which returned a true bill, indicting Mr. Holder on the charges of Theft over $60,000 and Money Laundering. A bench warrant was promptly issued for his arrest.

On May 21, 2015 at approximately 11:30 PM, Mr. Holder was arrested at the parsonage where he resides, located at 1913 Kite Street. He was incarcerated in the Kingsport City Jail in lieu of a $35,000 bond imposed by the presiding judge.

As this is an ongoing investigation by the K.P.D. Criminal Investigations Division, no additional details will be released at this time.

SUSPECT INFORMATION
Name	Boyd Watson Holder, Jr.
Age	Date of Birth 9/15/1970 44 Years of Age
Gender/Race	Male/White
Residency	1913 Kite Street Kingsport, TN
Charge(s)	1) Theft over $60,000 2) Money Laundering