Cold Spring Church Investigation Goes To Feds

Both the FBI and the IRS are involved in an investigation focused on finding missing money from bank accounts held by the First Baptist Church of Cold Spring, Kentucky. Commonwealth's Attorney, Jack Porter, tells FOX 19 the Fed's involvement means the 3 month-long state and local investigation is being suspended. Reverend Larry Davis is a focal point of the investigation according to subpoenas requested by a Northern Kentucky grand jury. Some half a million dollars was found missing from the congregation cofers in January by a church treasurer. According to church deacons some of the money was spent out of state on gambling. Reverend Davis' home and office have been searched. Davis' attorney, Jim Morgan of Newport, says his client is innocent until proven guilty. Federal investigators aren't saying how long their probe into church spending will take.