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.
Pennsylvania Public Adjuster Law Adds Cap on Fees, Bans Ties With Contractors 
LA Port Strike Risk Pushed to Friday as Labor Talks Continue 
More Florida Insurers Announce Rate Cuts for Auto, Homeowners, Condo Units 
Yellow Furball Mascot Liberty Biberty Sparks ‘Beautiful’ Protest. Seriously? 
