Sign in to comment!

Menu
Home

Religion

Ex-Legion priest testified he witnessed financial improprieties in disgraced religious order

A former priest for the Roman Catholic religious order the Legion of Christ said in sworn testimony that he witnessed financial improprieties, including the founder's use of large amounts of cash, and believes the founder and No. 2 official gave gifts to people at the Vatican to curry favor.

Father Stephen Fichter's (FICK'-terz) 2011 testimony was unsealed by a court last week. Similar allegations have been made previously, but until now, no sworn testimony has been released from Legion priests.

Fichter handled Legion finances from 1998 until 2000. A Legion spokesman says Fichter testimony concerned things that happened years ago, and gifts were sometimes given for special occasions. He says there is now accountability in the order's spending.

The order was taken over by the Vatican in 2010.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.99% dw 4.00%  
15 Y Fixed Graph 3.06% dw 3.11%  
30 Y Fixed Jumbo Graph 4.15% dw 4.20%  
5/1 ARM Graph 3.20% -- 3.20%  
5/1 Jumbo ARM Graph 3.48% -- 3.48%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.32% up 4.30%  
$50K HELOC Graph 3.98% up 3.96%  
$30K Loan Graph 4.99% -- 4.99%  
$50K Loan Graph 4.34% -- 4.34%  
$75K Loan Graph 4.36% -- 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% dw 2.94%  
36 M Used Graph 3.47% dw 3.49%  
48 M New Graph 3.19% dw 3.20%  
48 M Used Graph 2.99% -- 2.99%  
60 M New Graph 3.19% dw 3.20%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% -- 0.39%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.55% -- 1.55%