Vatican Questions How Priest Moved $17 Million Meant For Missionary Work Into Investment Fund

The Vatican is seeking clarity after the former director of its U.S. missionary fundraising office oversaw the transfer of at least $17 million of its endowment and donations into a new nonprofit and private equity fund that he created and currently manages, The Associated Press has learned. The new management of the Pontifical Mission Societies … Read more

Report: Vatican Investing Money In Morning-After Pill Company

The successful transmission Report conducted by Sigfrido Ranucci and broadcast on the third channel of national television returns to deal with the Vatican and discovers what is perhaps one of the most paradoxical investments in the recent history of the Church. APSA, the’ body of the Holy See in charge of its economic asset management, … Read more

Pope Francis Strips Vatican Secretariat of State of Assets

Pope Francis has formally stripped the Vatican secretariat of state of its financial assets and real estate holdings following its bungled management of hundreds of millions of euros in donations and investments that are now the subject of a corruption investigation. Francis signed a new law over the weekend ordering the secretariat of state to … Read more

Bishop Kevin Vann, The $12 Million Problem And A Secret Fight Stretching To The Vatican

Donors contend Vann hatched an illegal plan to “invade” endowment funds and flout their wishes. The FedEx envelopes landed at dawn on the doorsteps of some of Orange County’s most influential Catholic philanthropists — real estate developers, attorneys, CEOs and other church stalwarts who had raised tens of millions of dollars over the years for … Read more