Franciscan Group Says It Could Go Bankrupt Due to Multi-Million Dollar Theft By Its Own Friars December 22, 2014

Franciscan Group Says It Could Go Bankrupt Due to Multi-Million Dollar Theft By Its Own Friars

By their fruits shall ye know them:

One of the largest Franciscan religious orders, founded on the humble teachings of St. Francis of Assisi more than 800 years ago, announced it is on the brink of bankruptcy after admitting some of its friars embezzled funds from its accounts.

The Italian news magazine Panorama on Friday reported that tens of millions of dollars were missing from the Order of Friars Minor and had been invested in offshore companies.

Panorama also claimed Swiss prosecutors had seized Franciscan accounts in Switzerland because the account holders had allegedly invested in illegal operations that could include arms and drug trafficking.

If only the embezzlers had studied a certain book that magically imbues people with morality.

(Image via Shutterstock)


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