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January 22, 2021

Former Vatican bank president sentenced for embezzlement

The courtroom is pictured during the trial of Angelo Caloia, former president of the Institute for Works of Religion, at the Vatican Jan. 21, 2021. Caloia, the former director of the so-called Vatican bank, and his lawyer, Gabriele Liuzzo, were found guilty of money laundering and embezzling millions of euros from the sale of Vatican properties. Both received a prison sentence of 8 years and 11 months and ordered to pay a fine of 12,500 euro ($15,200).

VATICAN CITY -- A former president of the Vatican bank and his lawyer were found guilty of money laundering and embezzling millions of euros from property sales.

Published in Vatican
October 21, 2020

Becciu denies interfering in Pell trial

Cardinal Angelo Becciu speaks with journalists during a news conference in Rome Sept. 25 after being asked by Pope Francis Sept. 24 to resign as prefect of the Congregation for Saints’ Causes.

ROME -- Cardinal Giovanni Angelo Becciu denied having interfered in any way with the trial of Cardinal George Pell after Italian media reported an allegation that Becciu might have wired money to Australia as a bribe during Pell’s trial.

Published in Vatican
July 22, 2019

Pope Francis issues sanctions against former West Virginia bishop

Bishop Michael J. Bransfield of Wheeling-Charleston, W.Va., is seen in this 2012 file photo. On July 19 the Vatican announced disciplinary measures for the bishop, who retired in 2018 amid allegations of sexual misconduct and financial improprieties.

WASHINGTON -- The Diocese of Wheeling-Charleston announced July 19 sanctions from the Vatican -- including taking away the faculties of celebrating Mass -- against a former West Virginia bishop who stepped down last year under a cloud of allegations of sexual and financial misconduct.

Published in Vatican
December 15, 2015

Vatican told to get tough on those caught laundering money

Vatican told to get tough on those caught laundering money

VATICAN CITY - A European financial crimes watchdog on Tuesday (Dec. 15) called on the Vatican to prosecute those caught money laundering, stating the Holy See must act to ensure the success of its financial reforms.

Published in Vatican