In chapter 12, what do John and Lorraine confess to Mr. Pignati?

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In chapter 12, John and Lorraine confess to Mr. Pignati that they are not members of the "L & J Fund" afterall. Their guilt has gotten the better of them as they have grown to care for Mr. Pignati and they feel they owe it to him to be honest. He reciprocates their honesty by admitting that Conchetta is in fact dead, and not vacationing in California with his sister, as he had originally told Lorraine and John.

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