Franciscan order on verge of bankruptcy after financial fraud is uncovered

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Franciscan Father Michael Perry, minister-general of the Order of Friars Minor, embraces Pope Francis during his visit to the hermitage and cell of St. Francis in Assisi, Italy, in this Oct. 4 file photo. RNS photo courtesy Paul Haring/Catholic News Service.

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VATICAN CITY (RNS) The scandal has shaken the order inspired by its founder’s devotion to poverty and prayer. It is active in 110 countries and had more than 14,000 members.