Catholic Church abuse: $57 million spent to hide sex scandal
New documents have come to light as part of the dozens of sexual abuse cases within the Catholic Church.

In 2007, the Catholic Church transferred $57 million into a trust fund to provide "improved protection" for the church against court action.

Former Milwaukee Archbishop Timothy Dolan wrote the transfer was to protect the funds from any legal claim or liability, and the Vatican approved the transfer one month later.

Four years later, the Milwaukee Archdiocese filed a petition for Chapter 11 bankruptcy protection. The judge overseeing the case ordered the documents revealing the transfer to be released. The documents say the church granted then-Archbishop Timothy Dolan permission to move the money from a cemetery fund into a trust.

Dolan's 2007 letter and the response from the Vatican were included in the documents, which were released as part of a deal with in the federal bankruptcy court between the archdiocese and clergy sex abuse victims suing the archdiocese for fraud. ...

Wealth of Roman Catholic Church impossible to calculate
It is impossible to calculate the wealth of the Roman Catholic Church. In truth, the church itself likely could not answer that question, even if it wished to.

Its investments and spending are kept secret. Its real estate and art have not been properly evaluated, since the church would never sell them.

There is no doubt, however, that between the church’s priceless art, land, gold and investments across the globe, it is one of the wealthiest institutions on Earth....