Nuns embezzled money from school

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How many Hail Mary's for this?

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Two nuns misappropriated "substantial amounts" of funds from a Catholic school in Southern California for their own use, the monsignor of St. James Catholic Church said in a letter to parishioners.

An internal investigation found that over several years, Sister Mary Margaret Kreuper and Sister Lana Chang used funds set aside for St. James Catholic School, Monsignor Michael Meyers said in the letter.

CNN has been unable to reach the women by phone or by email for comment.

Sister Mary Margaret retired in June after 28 years as principal of the K-8 school, which serves students from Torrance and Redondo Beach. A routine audit upon her retirement raised "several red flags" of "checks being cashed into different accounts," said Adrian Alarcon, director of media relations for the Los Angeles Archdiocese. The amount is thought to be in the range of $500,000, but an investigation is underway to determine the full amount, Alarcon said.