Monsignor Nunzio Scarano has some ‘splainin’ to complete following a second arrest involving Vatican funds (Image: AP)
Whenever you think you have heard the craziest embezzlement story within the history of guy, along comes a different one to prove you dead incorrect. Such is the situation of a Vatican monsignor already awaiting test on 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 using 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 ended up being arrested by financial authorities in Salerno into the south of Italy, after police say he used fictitious donations from offshore businesses to move millions of euros through his Vatican Institute for Religious Works accounts.
When police caught up with Salerno a week ago, these people were in a position to confiscate 6.5 million euros 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.
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 far-re Continue reading Vatican Monsignor Arrested time that is second Illicit Financial Dealings