DoctorE

Turtles all the way down

Northshore pastor charged with hiding money from feds

Posted by doctore0 on August 10, 2015

Gawd is money

FRANKLINTON, La. — U.S. Attorney Kenneth Polite charged a Northshore pastor with hiding money to avoid reporting it to the federal government. The pastor, Jerry Wayne Cox, is a close friend of former St. Tammany Parish District Attorney Walter Reed.

The bill of information accuses Cox of one count of structuring, essentially moving more than $100,000 around to avoid reporting it. The charge involves financial transactions from 2011 when Cox allegedly deposited $70,000 into one bank, took a portion out in cash, then deposited almost all the rest in another bank. Cox allegedly withdrew most of that cash from the second bank.

Cox’s church, Faith Tabernacle, is a Pentecostal church with its opulence hidden in plain view in a small town outside Franklinton in rural Washington Parish.

The 72-year-old pastor built the church over the years. Cox lives in a multi-million dollar mansion a few miles from Faith Tabernacle. That home sits behind an iron gate gilded with his name on it
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