Documents: Dolan asked to transfer $57M to trust - NEWS10 ABC: Albany, New York News, Weather, Sports

Documents: Dolan asked to transfer $57M to trust

Posted:
(AP Photo/Seth Wenig, file) (AP Photo/Seth Wenig, file)

 

MILWAUKEE (AP) - Documents in the Archdiocese of Milwaukee's bankruptcy case show the Vatican gave then Milwaukee Archbishop Timothy Dolan permission to move money into a trust as the archdiocese began to move toward bankruptcy.
 
Dolan wrote to the Vatican in 2007 and asked permission to move $57 million for cemetery care to a trust, saying it would provide "an improved protection of these funds from any legal claim and liability."
 
Attorneys for clergy sex abuse victims have accused him of trying to hide the money as the archdiocese planned to prepare for bankruptcy. The archdiocese denies those allegations.
 
The Vatican responded less than a month later, granting permission.
 
The archdiocese released the documents Monday. Dolan is now a cardinal in New York and president of the U.S. Conference of Catholic Bishops.

 

Powered by WorldNow

341 Northern Blvd., Albany, NY 12204

Telephone: 518.436.4822
Fax: 518.426.4792
Email: news@news10.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Albany, Inc. A Media General Company.