Wednesday, January 05, 2005

Buying Catholic Church Property: Conflict of Interest?

According to Bettnet.com," a company called The Follieri Group was formed in 2003 for the express purpose of buying church properties, renovating them, and re-selling them. That wouldn’t be especially noteworthy, except for one thing. "The site says: “The members of The Follieri Group’s management team are Pasquale Follieri, Raffaello Follieri, Richard Ortoli, Vincent Ponte and Andrea Sodano.” Is that last name familiar? The page goes on: “Because of the Follieri family’s deep commitment to the Catholic Church and its long standing relationships with senior members of the Vatican hierarchy, The Follieri Group understands very well the imperatives of the Church and is sensitive to its needs.”

See the posting which says this may be more than what it seems.

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