Welll...if he didn't tithe the money, it's doubtful. However if he did, or will catch up on his tithing, he can confess his sins to the ward congregation, fast, pray and most likely win his way back to "worthiness" soon.
I knew of men who went through this procedure for various lapses in their journey to the Celestial Kingdom.
Re my post #8....I knew excommunicated men who were reinstated after lapses on their journey to the Celestial Kingdom.
Are you saying maybe he might still become a God?
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Oh yeah. Except for murder, excommunication is rarely permanent if they appear to be repentant.
And white collar crime is low on their hierarchy of sins.
I have known 4 or 5 excommunicated men (some who served jail time) who were re-instated.
Of course, he cannot apply to re-join until after he gets out of jail, IIRC.