Monsignor Emilio Colagiovanni, an 81-year old Catholic Priest, is being held in Bridgeport, Conn. following his arrest by FBI agents in connection with the investigation of the multi-million dollar fraud and embezzlement case against financier Martin Frankel.
According to a report in the Hartford Courant, Colagiovanni, an Italian who lives in Rome, allowed Frankel to use the name of the Monitor Ecclesiastus Foundation, which he heads, as part of his scheme to wrongfully transfer the funds of several insurance companies Frankel controlled.
Federal prosecutors in Conn. obtained a warrant for Colagiovanni’s arrest when they learned that he was visiting relatives in Ohio.
Topics Fraud
Was this article valuable?
Here are more articles you may enjoy.
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
Head of EEOC Urges White Men to Report Discrimination 
Stepbrother Suspect in Cruise Ship Death Says He Doesn’t Remember Anything 
Grand Jury Declines to Indict Man in Fatal Shooting at Kentucky State University 
