Archbishop Timothy Dolan said, "To think that there was $130 million in hidden funds. Like, Dolan's got some offshore account in the Cayman Islands or something? This is just ludicrous."
Dolan ran the Archdiocese of Milwaukee for seven years before coming to New York.
Attorneys working on a sex abuse case there plan to depose him.
Dolan says he did nothing wrong and looks forward to cooperating with investigators.