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The E-Sylum:  Volume 9, Number 41, October 8, 2006, Article 28

EMBEZZELING PRIESTS INVEST IN RARE COINS

Two embezzling Miami priests invested part of their take in rare
coins, according to a Reuters report published Saturday:

"Two Roman Catholic priests allegedly misappropriated more than
$8 million from their church and spent hundreds of thousands of
dollars on real estate, travel, rare coins and girlfriends, police
in Florida said on Friday.

The retired priests were accused of skimming cash from collection
plates and bequests to the St. Vincent Ferrer Catholic Church in
Delray Beach, Florida, over a period of years and channeling the
money into secret "slush funds" they used to pay personal bills,
Delray Beach police said."

"According to a police affidavit, Skehan invested heavily in
rare coins, once buying $275,000 worth in a single day."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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