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

Send this to a friend