NYC priest stripped of duties amid federal financial probe

In Brooklyn, New York, Monsignor Jamie Gigantiello was recently demoted from his pastoral role at Our Lady of Mount Carmel. This demotion followed allegations surrounding significant loans amounting to $1.9 million made in 2019 and 2021 to companies owned by attorney Frank Carone, a former chief of staff to New York City Mayor Eric Adams. The federal investigation, which prompted a subpoena for church financial records, specifically scrutinizes the transactions linked to Gigantiello's financial dealings and their approval process within the church's hierarchy. Despite his demotion, supporters of Gigantiello maintain that he has contributed positively to the parish and fundraising efforts for local charities. Parishioners have defended him, claiming he has never misappropriated funds and has always prioritized the welfare of his community. They assert that his actions, including raising funds for church upgrades, reflect commitment rather than misconduct. Gigantiello's substantial real estate portfolio has also raised eyebrows, with property valued over $2 million, including a waterfront condo in Florida and a house in the Hamptons. Although no illegal activities relating to this property have been indicated, these holdings have drawn attention amid his ongoing financial scrutiny. The diocese has declined to comment amidst investigations, and the future of Gigantiello’s clerical status remains uncertain. For now, the ramifications of this situation extend beyond Gigantiello himself, potentially affecting the reputation of the Church and raising questions about financial governance. As the federal investigation continues, it will be essential to see how the diocese handles the outcomes and whether Gigantiello can navigate this challenging period and restore trust within the community he served.