The Vatican warned March 12 that it has nearly depleted its financial reserves from past donations to cover budget deficits over recent years, as it urged continued giving from the faithful.
The Vatican announced late June 5 that it had arrested an investor on charges of extortion, fraud and money-laundering relating to the city-state's decision to take part in a London development project.
A 58-year-old Italian monsignor, who works in the Vatican Secretariat of State and lives in the Domus Sanctae Marthae, where Pope Francis lives, has tested positive for COVID-19 and has been hospitalized, an Italian newspaper reported March 25.
Vatican police seized documents and computers at the home and office of a former official at the Vatican Secretariat of State in their continuing investigation into financial mismanagement.
Italian Cardinal Giovanni Angelo Becciu, prefect of the Congregation for Saints' Causes, denied allegations that money earmarked for helping the poor was used to invest in a London property deal.
A Dallas law firm and a Rhode Island parishioner alleged in a federal lawsuit that the U.S. Conference of Catholic Bishops misled donors nationwide regarding the purposes of the annual Peter's Pence collection.
2019 Year in Review: For Pope Francis, 2019 included his sixth anniversary as pope, his 83rd birthday and his 50th anniversary as a priest, but it also was a year that saw him still confronted with the clerical sexual abuse crisis and with Vatican financial scandals.
Recent media coverage that points to potential financial misdealing at the Vatican is creating misperceptions about corruption and fails to adequately explain how the fluid world of financial investing works, said the authors of an article published in a University of Notre Dame journal.
