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

Vatican Considers Selling London Property at Heart of Financial Scandal

Cardinal Becciu, who has not been placed under investigation, has denied any wrongdoing. The Vatican is considering the sale of a luxury London building embroiled in a financial scandal that drew papal condemnation and a probe into those involved in its purchase seven years ago. Now authorities of the walled city-state within Rome have invited … Read more

Transcript of Motion Hearing

Attached is the transcript of the Motion Hearing held on January 28, 2021 in the U.S. District Court of Washington D.C. before the Honorable Ketanji Brown Jackson.