Christian Science Chair Charged With Embezzling $11M

The Associated Press reports:

The former board chairman of the Fifth Church of Christ, Scientist in Los Angeles has been charged with stealing $11.4 million and using it for personal expenses, including buying a home and a membership to an exclusive dining club at Disneyland.

Fifty-four-year-old Charles Sebesta of Huntington Beach was arrested Monday on a federal grand jury indictment alleging wire fraud, bank fraud and identity theft.

Prosecutors say for at least a decade beginning in 2006, Sebesta had money sent to bank accounts in his name, the names of his family members and several phony companies.