This is so sad for everyone involved. I find your reasoning to be slightly strange.
My reasoning is that the media is quick to point out the religious affiliation or service of anyone caught in a scandal or crime. There is nothing they love more than a “evangelical pastor” in a hotel room with a hooker, a “Mormon Bishop” in a Ponzi scheme, or “Catholic Priest” arrested for molestation. The media seeks out the religious angle of any story where they can bash Christians. In this story they have a former Mormon clergyman who ripped a bunch of people off for millions of dollars. Their angle is to go after the church, knowing that as a devout Mormon he tithed a percentage of his income to them. They are hoping to get a negative response from the church so they can paint them as having taken these peoples money. My guess is the guy also donated money to secular charities. When a liberals get arrested for this kind of stuff I don’t see them going after the Sierra Club or PETA to see if they are going to give back their donations. The courts may indeed do that but it is not a media story.
The segue to the Notre Dame controversy is that the liberal media sees nothing wrong with the tens of thousands of Catholic families who paid money for their children’s education at a “Catholic University” that is now hosting and honoring a leader who is direct conflict with the teachings of the Church. That is fraud to me, but you won’t see an MSM story with that angle.