Vatican financial scandals have repeatedly tarnished the image of the church. It is time for the Vatican to get its act together. Ironically, that will mean more bad news as crimes are uncovered and prosecuted.
The Catholic faithful are rightly outraged by news of financial crimes in the Vatican, especially since the latest alleged crimes involve Peter’s Pence, the collection for the pope’s charities. But last week’s announcement of indictments by Vatican prosecutors is not a scandal but a sign of progress.
Indicted by the Vatican are six former Vatican officials, including the cardinal who was behind a real estate investment in London involving hundreds of millions of dollars. Also indicted are Italian businessmen who worked with the Vatican on the investment, as well as a woman accused of buying luxury goods with Vatican funds intended for ransoming Catholic hostages.
The charges include embezzlement, corruption, extortion, money…
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