Report: Vatican Invested Peter’s Pence Funds in Elton John Biopic, by Edward Pentin

According to the Italian newspaper Corriere della Sera, the investment in the film came via Vatican funds channeled through a Malta-based investment fund run by an Italian financier who lives in Switzerland.

By Edward Pentin, National Catholic Register, 12/6/19

The Italian daily newspaper Corriere della Sera has reported that Vatican prosecutors are investigating how funds from Peter’s Pence have been allegedly invested in loss-making enterprises as well as a movie censored in some countries because of its explicit homosexual scenes.

In the latest in a string of recent stories involving financial misconduct at the Holy See, the Secretariat of State reportedly invested more than $1 million in the movie Rocketman, a biopic of the singer Elton John, and $3.6 million in Men in Black: International.

The first major Hollywood studio release to include an on-screen homosexual sex scene, Rocketman was censored in a number of locations, including Russia, Malaysia, Samoa and the Cook Islands, as well as temporarily on Delta Airlines.

Peter’s Pence refers to financial support offered by the faithful to the Pope, which according to the Vatican are “destined to Church needs, to humanitarian initiatives and social promotion projects, as well as to the support of the Holy See.”

According to the Corriere della Sera article, written by Mario Gerevini and Fabrizio Massaro, the movie investments are just a small amount of the Vatican’s funds, millions of which are reportedly handled by an investment company in Malta called the Centurion Global Fund. ….

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