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Cardinal Sins


Episode 67


What do the Catholic Church and Oh My Fraud have in common? They both regularly feature absent internal controls, important figures abusing their positions of trust, and are run by people who drink wine on the job. In this episode, Caleb and Greg chronicle the story of a high-ranking cardinal who wound up in a convoluted real estate deal.

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  • (00:00) - The Catholic Church Loves Real Estate
  • (01:27) - Welcome to 'Oh My Fraud' Podcast
  • (01:54) - Listener Email and Show Themes
  • (03:15) - Fraud in the Catholic Church
  • (08:59) - Understanding Simony and Priestly Fraud
  • (14:28) - Historical Context of the Catholic Church
  • (18:45) - The Vatican's Real Estate Ventures
  • (22:08) - The Italian Connection: Gianluigi Torzi
  • (24:05) - Torzi's Bold Extortion Scheme
  • (26:57) - The Aftermath: Arrests and Losses
  • (30:14) - Cardinal Becciu's Questionable Transactions
  • (32:45) - The Trial and Sentencing
  • (35:54) - Lessons Learned: No One is Above Scrutiny
  • (44:44) - Conclusion and Final Thoughts

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CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources: 

Giovanni Angelo Becciu — Wikipedia

Cardinal Becciu Convicted: Six Things to Know About the Prelate and His Trial — National Catholic Register

A cardinal is convicted of embezzlement and sentenced to 5 1/2 years in Vatican trial — NPR

Cardinal Becciu Speaks of ‘Drawing Up a Balance Sheet’ of One’s Life Before God in Homily — National Catholic Register

The Vatican, a Chelsea property deal and Brexit — Financial Times

How the Vatican plans to make and spend its money in 2022—and be more transparent about it — America Magazine

Published on 1 year, 4 months ago






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