Scranton Diocese Says ‘No Credible Evidence’ Against Msgr. Walter Rossi

The Diocese of Scranton released a statement Friday regarding Msgr. Walter Rossi, rector of the Basilica of the National Shrine of the Immaculate Conception. The statement said that after an exhaustive investigation, investigators found no credible evidence to support allegations of misconduct against Rossi. “The investigation of allegations of personal misconduct was led by outside … Read more

Could Curial Politics Stop a Vatican Finance Trial?

As details continue to emerge about a raft of financial scandals at the Vatican Secretariat of State, some observers have been left wondering at the apparent lack of urgency or interest in the Holy See’s response. While vague updates have been issued about ongoing investigations, mounting political and diplomatic pressure behind the scenes could be … Read more

Vatican Official was Director in London Property Broker’s Company

Talk about a conflict of interest. As the Vatican’s Secretariat of State finalized its purchase of a London luxury apartment building, a lay secretariat official who oversaw investments was appointed a director of a company owned by the financier who brokered the property deal. Vatican sources tell CNA that appointment is now under investigation, as … Read more

London to Malta via Rome: Following the Money in Vatican Financial Scandals

The Vatican raid conducted on the chief prosecutor of the Church’s Apostolic Signatura sheds light on a network of companies and businessmen at the center of interrelated Vatican financial scandals. On Feb. 18, Vatican officials raided the home and office of Msgr. Alberto Perlasca, the chief prosecutor at the Church’s highest ecclesiastical court and a … Read more

Vatican Investments Linked to Global Money Laundering Investigations

A fund in which the Vatican’s Secretariat of State has invested tens of millions of euros has links to two Swiss banks investigated or implicated in bribery and money laundering scandals involving more than one billion dollars. The fund is under investigation by Vatican authorities. The fund, Centurion Global Fund, made headlines this week that … Read more

Vatican’s London Luxury Developer, With Ties to Alleged Financial Crime, Offered to Raze Catholic Property

Developers acting for the Vatican Secretariat of State offered to raze a London parish hall and rectory and replace it with low-cost housing, in order to try to push through a luxury apartment development. The luxury development project involves two recently suspended Vatican employees, and a nest of Vatican-controlled holding companies led by an architect … Read more