San Diego Catholic church deliberately hiding assets


	San Diego Catholic church deliberately hiding assets

faberglas

8-11-2007 2:35 PM

470 views

tags:

religion politics

faberglas says:

Federal bankruptcy judge may throw out claim, exposing all their wealth to victims lawsuits

2 Comments |

Add a Comment

8-12-2007 11:49 AM

AcesLucky

Good!

8-13-2007 11:46 AM

BartendingBear

More than just good... righteous man!

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7312508e-1caf-4c97-9655-88a76c27266c/A5F25F0F-3621-4217-AA9C-16D5294CACDC/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.latimes.com/news/local/la-me-sddiocese11aug11,1,351930.story?coll=la-headlines-california" href="http://www.latimes.com/news/local/la-me-sddiocese11aug11,1,351930.story?coll=la-headlines-california" style="font-size: 11px;">www.latimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/local/la-me-sddiocese11aug11,1,351930.story?coll=la-headlines-california">The Catholic Diocese of San Diego</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/local/la-me-sddiocese11aug11,1,351930.story?coll=la-headlines-california">faces lawsuits from more than 140 people who allege that they were sexually abused by priests. It filed for bankruptcy protection in February, one day before the first court case was set to begin</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/local/la-me-sddiocese11aug11,1,351930.story?coll=la-headlines-california">the diocese valued its assets at more than $100 million. Lawyers for the accusers say the diocese's true worth is at least $500 million</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/local/la-me-sddiocese11aug11,1,351930.story?coll=la-headlines-california">Friday's ruling came one week after the court-appointed expert reported an array of financial irregularities. According to his audit, diocese land is not accounted for on the books of the diocese, bank accounts have not been fully disclosed, and the diocese has reported its assets at assessed valuations instead of fair market value</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/local/la-me-sddiocese11aug11,1,351930.story?coll=la-headlines-california">Lawyers for the alleged victims claim that Brom,</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/local/la-me-sddiocese11aug11,1,351930.story?coll=la-headlines-california">bishop since 1990, had long known that parishioners were being sexually abused by priests and had done little or nothing about it until five years ago</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/local/la-me-sddiocese11aug11,1,351930.story?coll=la-headlines-california">Judge</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/local/la-me-sddiocese11aug11,1,351930.story?coll=la-headlines-california">ordered</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/news/local/la-me-sddiocese11aug11,1,351930.story?coll=la-headlines-california">diocese to explain at a hearing next month why she should not throw out the bankruptcy filing</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A5F25F0F-3621-4217-AA9C-16D5294CACDC/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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