Pope Resigned

In the news,"Pope Benedict resigned to avoid arrest and seizure of church wealth". Is it true ? I don't know all the facts yet, but this is more believable to me than other reasons like he is getting old, god made a mistake to appoint him in the first place, etc. etc. Had he not been a Pope, he would have been arrested and prosecuted long time ago for covering up the sex crimes committed by his bishops and priests, not to mention money laundering and other evils. Wake up !!!