Oakland Diocese Accused of Hiding $106 Million Before Bankruptcy
A month before bankruptcy, the Oakland Diocese transferred $106 million to a previously inactive non-profit, the Oakland Parochial Fund, prompting accusations of asset protection. Attorneys for abuse survivors claim this maneuver shields funds that should compensate victims of clergy sex abuse. This transfer is part of a larger dispute over the Diocese’s proposed reorganization plan, which survivors argue undervalues their claims and obscures the Diocese’s true financial capacity. The Diocese maintains that the allegations are unsubstantiated and disputes the interpretation of the fund’s purpose and accessibility.
John Q. Hosedrinker