Sunday, October 19, 2014

Embezzling from the Vatican Bank

Monsignor Nunzio Scarano was a top accountant at the Vatican Bank. He is now on trial for money laundering in what he says was an attempt to help a friend. He also helped himself while at the Bank; an Italian judge calculated Monsignor Scarano’s wealth at more than $8.2 million, though the Vatican paid the priest just $41,000 a year. He owned a 17-room, $1.7 million house in Salerno.

But, as we know, the Vatican Bank has not exactly been a paragon of virtue. Pope Francis has replaced most of the executives and staff at the Bank.

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