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September 10, 2004

Priest fined $15,000 for role in Frankel insurance swindle

PriestA federal judge fined a minor Vatican official $15,000 Thursday, but spared him prison time for his role in the insurance scam of disgraced financier Martin Frankel.

Monsignor Emilio Colagiovanni, 84, an Italian national, must pay the fine within 30 days and cannot leave the United States until he pays, U.S. District Judge Ellen Bree Burns ruled.

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Posted by Tom Troceen