Here is what Fr. Corapi posted on his website - denying the accusations.
Here is a good roundup of what we know and what we don't know from Elizabeth Scalia.A Call for Prayer
I’ll certainly cooperate with the process, but personally believe that it is seriously flawed, and is tantamount to treating the priest as guilty “just in case”, then through the process determining if he is innocent. The resultant damage to the accused is immediate, irreparable, and serious, especially for someone like myself, since I am so well known. I am not alone in this assessment, as multiple canon lawyers and civil and criminal attorneys have stated publicly that the procedure does grave damage to the accused from the outset, regardless of rhetoric denying this, and has little regard for any form of meaningful due process.
All of the allegations in the complaint are false, and I ask you to pray for all concerned.
Here is a statement from his superior:
Statement from Rev. Gerald Sheehan, Regional Priest ServantWe shall see. In the meantime pray.
Society of Our Lady of the Most Holy Trinity
18 March 2011
Today, as Regional Priest Servant for the Society of Our Lady of the Most Holy Trinity, I have the unhappy responsibility to announce that Father John Corapi, SOLT has been placed on administrative leave from priestly ministry, in accordance to the Code of Cannon Law of the Catholic Church. We have received an allegation that Father Corapi has behaved in a manner unbecoming of a priest and are duty-bound to conduct an investigation in this accusation.
It is important to keep in mind that this action in no way implies Father Corapi is guilty of the allegation. It is equally important to know that, based on the information we have received thus far, the claim of misconduct does not involve minors and does not arise to the of criminal conduct. Consequently, this matter will be investigated internally, and unless and until information suggests otherwise it will not be referred to civil authorities. In the event that we learn of any occasion where the criminal civil law may have been breached we will immediately refer the matter to civil authorities.