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Vatican Monsignor Arrested time that is second Illicit Financial Dealings

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

You dead wrong whenever you think you’ve heard the craziest embezzlement story in the history of man, along comes another one to prove. Such is the actual situation of a Vatican monsignor already awaiting trial on charges of plotting to smuggle 20 million euros ($30.8 million) into Italy out of Switzerland, mind you whom 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 cash that is favorite denomination Monsignor Nunzio Scarano had been arrested by financial authorities in Salerno into the south of Italy, after police say he utilized fictitious donations from overseas organizations to maneuver millions of euros through his Vatican Institute for Religious Works accounts.

When police caught up with Salerno week that is last these people were in a position to confiscate 6.5 million euros worth of bank accounts and genuine estate holdings, including a luxury condo occupied by Salerno himself that was decked out with expensive artwork and collectibles.

A local priest was placed under house arrest while a notary public received a suspension for their alleged roles in the money-laundering scheme along with Salerno. But evidently the tentacles were f Continue reading