MILWAUKEE (WI)
SNAP Wisconsin
Dolan’s defense of fraudulent transfer in Milwaukee Bankruptcy is “Malarkey”
Statement by Peter Isely, SNAP Midwest Director (Milwaukee)
CONTACT: 414.429.7259
A letter that surfaced today in the Milwaukee Federal Bankruptcy Court proves that Cardinal Timothy Dolan of New York transferred millions of dollars into a bogus Trust to prevent assets of the Archdiocese of Milwaukee from being accessed by survivors of clergy sexual abuse.
In a written response Dolan claims that he was forced to set up the Trust by Wisconsin state law. In a favorite word of Cardinal Dolan: “Malarkey”.
No such ridiculous requirement is found in Wisconsin law.
As today’s letter shows, the decision to establish the bogus trust was the decision of Cardinal Dolan. Under Federal Bankruptcy law it’s called “Fraudulent Conveyance” or “Transfer” and is illegal and punishable by fines, prison time, or both.
In fact, as the New York Times reported today, Dolan used his favorite word when first confronted with his fraud trust scheme in February of 2011. At the time he told the press that charges that he hid money was “terribly irresponsible, malarkey, and ridiculous and groundless gossip.”
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