Complicit Clergy

Ex-Vatican Bankers Ordered to Pay $46 Million for Mismanagement

January 22, 2022 from Bloomberg by Alessandro Speciale

Two former Vatican bankers were convicted of mismanaging assets and sentenced to repay 40.7 million euros ($46.2 million), more than the bank’s net income in 2020. Paolo Cipriani, former director general of the Institute for the Works of Religion, and his deputy Massimo Tulli, were taken to court by the institute — the Vatican’s bank … Read more

Catholic Church Shields $2 Billion in Assets to Limit Abuse Payouts

January 8, 2020 from Bloomberg by Staff

Dioceses are aggressively moving and reclassifying holdings to shrink the value of their bankruptcy estates. For most of the 20th century, the Catholic Church in the U.S. minimized the damage wrought by pedophile priests by covering up the abuse. When the bishop of the Davenport, Iowa, diocese was told in the mid-1950s that one of … Read more