Catholic Church

A federal class action claims the United States Conference of Catholic Bishops defrauded donors to its “Peter’s Pence” collection of “hundreds of millions of dollars” by not using it for charitable causes, as promised, but putting it into “suspicious investment funds,” such as luxury condominium developments and Hollywood movies, while paying fund managers multimillion-dollar commissions.

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Charity Set Up for Fraudulent College Donations

The mastermind of a wide-ranging college admissions scandal set up a charity that wove a deep web of deception and fraud to mask bribes and payoffs, funneling millions of dollars through the tax-exempt organization under the nose of federal officials, according to prosecutors and tax documents reviewed by The Associated Press.

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