Cardinal Sins

What do the Catholic Church and Oh My Fraud have in common? They both regularly feature absent internal controls, important figures abusing their positions of trust, and are run by people who drink wine on the job. In this episode, Caleb and Greg chronicle the story of a high-ranking cardinal who wound up in a convoluted real estate deal.SponsorsThe Small Business Research Institute - https://ohmyfraud.promo/ceanowGenwise - https://ohmyfraud.promo/genwise(00:00) - The Catholic Church Loves Real Estate (01:27) - Welcome to 'Oh My Fraud' Podcast (01:54) - Listener Email and Show Themes (03:15) - Fraud in the Catholic Church (08:59) - Understanding Simony and Priestly Fraud (14:28) - Historical Context of the Catholic Church (18:45) - The Vatican's Real Estate Ventures (22:08) - The Italian Connection: Gianluigi Torzi (24:05) - Torzi's Bold Extortion Scheme (26:57) - The Aftermath: Arrests and Losses (30:14) - Cardinal Becciu's Questionable Transactions (32:45) - The Trial and Sentencing (35:54) - Lessons Learned: No One is Above Scrutiny (44:44) - Conclusion and Final Thoughts HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email [email protected] WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at [email protected]: Giovanni Angelo Becciu — WikipediaCardinal Becciu Convicted: Six Things to Know About the Prelate and His Trial — National Catholic RegisterA cardinal is convicted of embezzlement and sentenced to 5 1/2 years in Vatican trial — NPRCardinal Becciu Speaks of ‘Drawing Up a Balance Sheet’ of One’s Life Before God in Homily — National Catholic RegisterThe Vatican, a Chelsea property deal and Brexit — Financial TimesHow the Vatican plans to make and spend its money in 2022—and be more transparent about it — America MagazineCardinal convicted of fraud in Vatican court case protests his innocence - Financial TimesA brief history of the Vatican’s London financial scandal — The PillarWhy priests steal — researchers look to ‘fraud triangle’ in parish life — The PillarParolin pressured Vatican bank over London building deal — The PilarCardinal convicted of embezzlement in landmark Vatican court case — Financial Times