Posts Tagged financial expert

Pope Francis’ Lay Finance Expert Vows ‘No More Scandals’ (Study says 85% of American dioceses discovered embezzlement) / The Boston Globe

A Maltese economist tapped by Pope Francis to help lead a new finance council says the pope’s reforms will ensure that the sort of scandal which erupted last summer, involving a Vatican accountant allegedly enmeshed in a John le Carré-esque plot to smuggle millions in cash, becomes a thing of the past …

“Observers believe Francis’ efforts to promote financial glasnost are important not merely for the Vatican but to set a tone for the wider Catholic church, where accounting practices often remain informal and subject to abuse. A 2007 study by Villanova University, for instance, found that 85 percent of American dioceses had discovered instances of embezzlement within the previous five years.”

By John L. Allen, Jr., The Boston Globe — Click here to read the rest of this story.

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