Hiding Money From Victims

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By David Nussman, Church Militant, March 5, 2020 

Bishops shield assets from abuse suits

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Dioceses around the country are shifting around finances to shield the money from clerical sex abuse lawsuits.

Abuse victims’ Attorney Jeff Anderson recently drew attention to this tactic. 

In comments to the press in late February, he slammed dioceses for their lack of accountability, saying: “They have the advantage that they don’t have to adhere to outside scrutiny like corporations. The court of public opinion would have that bishops wouldn’t do those kinds of things, but they do, and they have the upper hand.”

In 2018, the archdiocese of Detroit drew up a restructuring plan transferring hundreds of parishes to a separate real estate corporation.

In Vermont, a public financial statement from the diocese of Burlington listed $16 million in unrestricted net assets. But according to a report last November, there is an additional $500 million in property that Church leaders stashed away in separate trusts. ….

Read more here:   churchmilitant.com/news/article/bishops-hiding-the-assets