As I reported on February 11, 2009, with the assistance of NCR's Editor at Large, Tom Roberts, the Redemptorist Fathers of the Baltimore Province lost a substantial amount of money invested for years with Bernie Madoff.
Besides an initial statement, the Redemptorist's immediately lawyered-up. I spoke at length with the Redemptorist's lawyer, who made a curious argument as to why he wouldn't tell me the actual amount of the investment loss. He compared my question to asking my neighbor how much my neighbor has in his checking account. In addition, the lawyer then began making an incredible argument under the U.S. Constitution that a religious order has a Free Exercise of Religion right to secrecy. I'm not kidding.