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PostPosted: Fri Dec 29, 2006 6:51 pm 
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Catholic Dioceses Have Embezzlement Problem - Report Did Not Estimate Amount Of Money Lost - December 29, 2006

VILLANOVA, Pa. -- An overwhelming majority of respondents in a study of financial controls in U.S. Roman Catholic dioceses reported cases of embezzlement in the last five years.

Eighty-five percent of the diocesan administrators who took part in the review told Villanova University researchers that internal thefts had been uncovered in their dioceses.

The report, written by Villanova professors Charles Zech and Robert West and supported by a grant from the Louisville Institute, did not include an estimate of the money lost. But 11 percent of respondents said total embezzlements in the last five years exceeded $500,000, while 29 percent reported cases of less than $50,000.

In nearly all of the cases, police reports were filed, the survey found.

Zech and West undertook the study in response to the clergy sex abuse crisis, which brought pressure on bishops to disclose how much they had paid in abuse-related costs and to be more open with parishioners in general about diocesan finances.

Forty-five percent of the more than 170 U.S. dioceses responded to questions for the report, which was released Dec. 13. The authors recommended dioceses establish fraud policies, conduct annual audits of parishes and establish a uniform budgeting process that uses standardized software.

Auditors Find Misconduct In Orthodox Church
In related news, a probe of financial wrongdoing in the Orthodox Church in America has confirmed claims of impropriety that outside auditors said "centered on and around one individual."

http://www.local6.com/money/10631210/detail.html

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PostPosted: Mon Jan 08, 2007 2:03 pm 
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Location: In the middle of our life's journey
Oscar wrote:
Catholic Dioceses Have Embezzlement Problem - Report Did Not Estimate Amount Of Money Lost - December 29, 2006

VILLANOVA, Pa. -- An overwhelming majority of respondents in a study of financial controls in U.S. Roman Catholic dioceses reported cases of embezzlement in the last five years.

Eighty-five percent of the diocesan administrators who took part in the review told Villanova University researchers that internal thefts had been uncovered in their dioceses.

The report, written by Villanova professors Charles Zech and Robert West and supported by a grant from the Louisville Institute, did not include an estimate of the money lost. But 11 percent of respondents said total embezzlements in the last five years exceeded $500,000, while 29 percent reported cases of less than $50,000.

In nearly all of the cases, police reports were filed, the survey found.

Zech and West undertook the study in response to the clergy sex abuse crisis, which brought pressure on bishops to disclose how much they had paid in abuse-related costs and to be more open with parishioners in general about diocesan finances.

Forty-five percent of the more than 170 U.S. dioceses responded to questions for the report, which was released Dec. 13. The authors recommended dioceses establish fraud policies, conduct annual audits of parishes and establish a uniform budgeting process that uses standardized software.

Auditors Find Misconduct In Orthodox Church
In related news, a probe of financial wrongdoing in the Orthodox Church in America has confirmed claims of impropriety that outside auditors said "centered on and around one individual."

http://www.local6.com/money/10631210/detail.html


are they accusing these child molesters of being theives too?

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If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered. - Thomas Jefferson


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