WATCH: Corruption in the Vatican

Corruption in the Vatican – It is the biggest financial scandal of the last 30 years. Not only because of its economic magnitude, but also because this time Pope Francis has decided to instruct the Vatican judiciary to proceed without leniency. Corruption in the Vatican (2021) Genres: Documentary Country: Vatican City Language: English Also known … Read more

Peter’s Pence Lawsuit Stalled, But Not Over

Parties have waited more than a year for a federal judge to decide whether to dismiss a lawsuit that claims the U.S. bishops’ conference fraudulently promoted the annual Peter’s Pence collection, but a lawyer for the plaintiff says he expects the case could soon begin moving forward. And while the lawyer who originally filed the … Read more

Vatican to Lose £100m of Peter’s Pence Funds in London Property Sale

The Vatican will incur a loss of £100m in donations intended for the needy when it completes the pending sale of a luxurious London office building now at the centre of an international criminal investigation. The Vatican is in the final stages of selling 60 Sloane Avenue, a building in the Knightsbridge district of London, … Read more

Vatican Trial Opens Into Financial Scandal Rocking Papacy

A cardinal who allegedly induced an underling to lie to prosecutors. Brokers and lawyers who pulled a fast one over the Vatican No. 2 to get him to approve a disastrous real estate deal. A self-styled intelligence analyst who bought Prada and Louis Vuitton items with the Vatican money that she was supposed to send … Read more

Peter’s Pence Funds Allegedly Used In Failed Bank Takeover Attempt

The thwarted takeover of a troubled Italian bank in 2018 will come into focus in a forthcoming Vatican trial that is tied to Pope Francis’s efforts to clean up Holy See finances after decades of scandals. Weakened by mismanagement and bad loans, Carige bank was placed under special administration by the European Central Bank in … Read more

Vatican Indicts Cardinal and 9 Others in Real Estate Deal Involving Peter’s Pence Contributions

A Vatican judge on Saturday indicted 10 people, including a once-powerful cardinal, on charges including embezzlement, abuse of office, extortion and fraud in connection with the Secretariat of State’s 350 million-euro investment in a London real estate venture. The president of the Vatican’s criminal tribunal, Giuseppe Pignatone, set July 27 as the trial date, though … Read more

Businessman Involved In Peter’s Pence Real Estate Deal Arrested

An Italian businessman who helped to broker the purchase of a valuable London property for the Vatican was arrested in the U.K. on money laundering charges. Gianluigi Torzi, 42, was arrested at the request of Italian authorities and denied bail, an official at Westminster Magistrates Court said Wednesday. Torzi is alleged to have conspired to … Read more

US Bishops’ Conference Denies Any Wrongdoing, Blames Parishioners

In an ongoing case regarding the use of Peter’s Pence donations, lawyers for the U.S. bishops have asserted that parishioners were aware (or at least ought to have been) that their money could be used by the Holy See for any purpose, despite their own advertisement to the contrary. The Peter’s Pence lawsuit was originally … Read more

USCCB Policy On Fundraising Appeals

On November 13, 2002, the members of the United States Conference of Catholic Bishops legitimately approved complementary legislation for the implementation of canon 1262 of the Code of Canon Law for the dioceses of the United States. The action was granted recognitio by the Congregation for Bishops in accord with article 82 of the Apostolic … Read more