Alleged Fraudulent Bankruptcy in NY Archdiocese

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The Catholic Archdiocese of Milwaukee filed for Chapter 11 bankruptcy protection in January after being sued with more than a dozen civil fraud lawsuits over the way it handled clergy sex abuse cases.

In recent developments, an alleged money laundering scheme that may have moved as much as $130 million off the books of the Archdiocese of Milwaukee in efforts to prevent the church from paying victims of sex abuse may result in the deposition of New York Archbishop Timothy Nolan. In a bankruptcy hearing, the Assistant US Trustee was told that $75 million was moved in 2005, and $55 million was moved two years later in 2007. The Archdiocese chief financial officer said in court that he could not account for the missing money.

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