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Cardinal Dolan Transferred $57 Million to a Cemetery Fund to Shield It From Sexual Abuse Victims

27
Amory Blaine7/02/2013 7:27:44 pm PDT

re: #26 Amory Blaine

I believer Listecki was brought in specifically because of this. He is a hardliner.

Jerome Listecki defends transfer of funds off archdiocese’s books

Milwaukee Archbishop Jerome Listecki on Tuesday defended his predecessor’s transfer of $57 million off the Roman Catholic archdiocese’s books and into a special cemetery trust, saying Archbishop Timothy Dolan, now cardinal of New York, was simply ensuring that the funds would be used for their intended purpose.

“The cemetery funds have always been seen as an asset in trust, and Cardinal Dolan perpetuated that,” Listecki told WTMJ-AM on Tuesday.

A document released Monday as part of the bankruptcy shows Dolan sought Vatican approval for the transfer in June 2007, saying it would help protect the funds “from any legal claim or liability.”

Victims and their attorneys have called the move a fraudulent transfer that is illegal under U.S. bankruptcy code, which prohibits moving assets in a way that benefits one class of creditors over another. Dolan and the archciocese deny that the transfer was unlawful.

WTMJ is a hard right AM radio station. (The Milwaukee Journal)