Merrill Lynch freezes disputed San Joaquin diocesan accounts
Merrill Lynch has frozen the financial accounts it manages for the Episcopal Diocese of San Joaquin until the courts decide the rightful owner of those accounts…. The San Joaquin diocese, along with The Episcopal Church (TEC), on June 2 had amended an earlier lawsuit against Schofield, “on the basis of new information gathered about recent transfers of real and personal property and assets to entities formed by Mr. Schofield and his attorney sometime in early April of 2008,” diocesan chancellor Mike Glass said.