Sunday, August 23, 2009

Episcopal priest in Dallas accused of misconduct as stockbroker

From the Dallas Morning News-

On weekdays he worked as a stockbroker.

On Sundays he served as an Episcopal priest.

But the lines got blurred, and now both of the Rev. William Warnky's careers are in jeopardy.

Securities regulators suspended the Dallas man's registration as a broker last week. They said he had defrauded a former client and disregarded an order to repay him $50,000.

At least one other former client has accused Warnky of financial misconduct and is also seeking a repayment order, according to Financial Industry Regulatory Authority records.

Dallas Episcopal Diocese leaders are now studying whether to suspend the priest from ministry, a top church official said Friday.

"He's innocent until proven guilty," said Bishop Suffragan Paul Lambert, the diocese's No. 2 official.

But he also noted that one of Warnky's accusers was a member of his congregation. And the diocese, he added, tells clergy not to become financially involved with parishioners.

"We have some very clear rules," Lambert said.

Warnky did not respond to an interview request left Friday with a staffer at his Good Samaritan Episcopal Church, a few blocks south of White Rock Lake. She said he was out of town, visiting his terminally ill mother.

More here-

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