Vatican Monsignor Arrested Second Time for Illicit Financial Dealings

Vatican Monsignor Arrested Second Time for Illicit Financial Dealings

Monsignor Nunzio Scarano has some ‘splainin’ to do after a arrest that is second Vatican funds (Image: AP)

Whenever you think you have heard the craziest embezzlement story in the history of man, along comes another one to show you dead incorrect. Such is the truth of the Vatican monsignor trial that is already awaiting costs of plotting to smuggle 20 million euros ($30.8 million) into Italy out of Switzerland, mind you who has been charged separately for allegedly making use of their access to Vatican bank accounts to launder money.

Millions of Euros Moved Around

Referred to as ‘Monsignor 500’ because that is apparently his favorite cash denomination, Monsignor Nunzio Scarano was arrested by economic authorities in Salerno in the south of Italy, after police say he used fictitious donations from offshore businesses to maneuver an incredible number of euros through his Vatican Institute for Religious Works accounts.

When police caught up with Salerno the other day, these people were in a position to confiscate 6.5 million euros well worth of bank accounts and real estate holdings, including a luxury condo occupied by Salerno himself that was decked out with high priced artwork and collectibles.

Along with Salerno, a local priest was placed under house arrest while a notary public received a suspension for their alleged functions within the money-laundering scheme. But evidently the tentacles were far-reac Continuar leyendo «Vatican Monsignor Arrested Second Time for Illicit Financial Dealings»