Thursday, June 26, 2008
This mornings Wall Street Journal brings unfortunate news concerning a criminal complaint against Rafael Follieri, of the Follieri Group, an investment company with a seemingly solid plan of providing cash flows vs. Church Properties.
The Follieri Group had done work in Chicago, and in my only (brief) interactions with them, presented a plausible business plan for property development and provision of funds to the Archdiocese.
Follieri, pictured here with Anne Hathaway, has led a bit more high profile lifestyle than most of the people in Church development (though that is certainly no offense...Church property is a messy business, and I hope that no crimes nor simony was committed)
Please pray via St. Barbara for Mr. Follieri and for the protection of the Church itself.