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Court CPA Rejects Polygamous Trust Settlement

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Jul 1, 2009 6:31 am US/Central

Court CPA Rejects Polygamous Trust Settlement

SALT LAKE CITY (AP) ― A court-appointed accountant says he can't back a settlement proposal that gives the majority of a property trust's assets back to a polygamous church run by Warren Jeffs.

Court papers filed Tuesday by attorneys for Bruce Wisan say the proposal violates a court order that requires the United Effort Plan Trust to benefit individuals, not the Fundamentalist Church of Jesus Christ of Latter Day Saints.

The trust is an arm of the FLDS church and holds most of the land and homes in Hildale, Utah and Colorado City, Ariz. It was founded on a religious principal that calls for the communal sharing of assets.

The Utah courts seized the trust in 2005 and named Wisan its fiduciary amid mismanagement allegations. The FLDS sued to regain control of the trust last year.

The FLDS has a West Texas ranch near of Eldorado (ehl-duh-RAY'-doh).

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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