Vatican Bank mired in laundering scandal

[bobthedrummer]

Source: by Victor L. Simpson AP via Guardian

This is no ordinary bank. The ATM's are in Latin. Priests use a private entrance. A life-size portrait of Pope Benedict XVI hangs on the wall.



Read more: http://www.guardian.co.uk/world/feedarticle/9402966

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The money laundering thread: a DU collaborative investigation (started July 9, 2010)
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8716178

[SpiralHawk]

1. "Smirk." - VatiBanksters (R)

[formercia]

2. He's one scary dude.

All the fine threads in the World can't hide that evil look.

[InkAddict]

4. Dominic Nabisco, Spiritu de Santa Klaus - Amen

Gonna find out who is naughty or nice...

[defendandprotect]

3. Third Vatican Bank scandal they've caught ... last two ended in murder, it seems ...

$30 seized -- "Vatican Bank" has never shed its penchant for secrecy and scandal.

The Vatican calls the seizure of assets a "misunderstanding" and expresses optimism it will be quickly cleared up -- prosecutors say they have "flouted anti-laundering laws" ...
"with the aim of hiding the ownership, destination and origin of the capital."


documents also reveal investigators' suspicions that clergy may have acted as fronts for corrupt businessmen and Mafia.

and this background ...

It doesn't help that Gotti Tedeschi himself and the bank's No. 2 official, Paolo Cipriani, are under investigation for alleged violations of money-laundering laws. They were both questioned by Rome prosecutors on Sept. 30, although no charges have been filed.

It doesn't help that Gotti Tedeschi himself and the bank's No. 2 official, Paolo Cipriani, are under investigation for alleged violations of money-laundering laws. They were both questioned by Rome prosecutors on Sept. 30, although no charges have been filed.

One died of poisoning - one hung himself/? -- both cases remain unsolved --

[seafan]

5. Holy moly.

Vatican Bank mired in laundering scandal

VICTOR L. SIMPSON
Guardian UK

Saturday December 11 2010

Associated Press= VATICAN CITY (AP) — This is no ordinary bank: The ATMs are in Latin. Priests use a private entrance. A life-size portrait of Pope Benedict XVI hangs on the wall.

Nevertheless, the Institute for Religious Works is a bank, and it's under harsh new scrutiny in a case involving money-laundering allegations that led police to seize euro23 million ($30 million) in Vatican assets in September. Critics say the case shows that the "Vatican Bank" has never shed its penchant for secrecy and scandal.

The Vatican calls the seizure of assets a "misunderstanding" and expresses optimism it will be quickly cleared up. But court documents show that prosecutors say the Vatican Bank deliberately flouted anti-laundering laws "with the aim of hiding the ownership, destination and origin of the capital." The documents also reveal investigators' suspicions that clergy may have acted as fronts for corrupt businessmen and Mafia.

The documents pinpoint two transactions that have not been reported: one in 2009 involving the use of a false name, and another in 2010 in which the Vatican Bank withdrew euro650,000 ($860 million) from an Italian bank account but ignored bank requests to disclose where the money was headed.

The new allegations of financial impropriety could not come at a worse time for the Vatican, already hit by revelations that it sheltered pedophile priests. The corruption probe has given new hope to Holocaust survivors who tried unsuccessfully to sue in the United States, alleging that Nazi loot was stored in the Vatican Bank.

Yet the scandal is hardly the first for the centuries-old bank. In 1986, a Vatican financial adviser died after drinking cyanide-laced coffee in prison. Another was found dangling from a rope under London's Blackfriars Bridge in 1982, his pockets stuffed with money and stones. The incidents blackened the bank's reputation, raised suspicions of ties with the Mafia, and cost the Vatican hundreds of millions of dollars in legal clashes with Italian authorities.

.....

Thanks for posting about this, bobthedrummer. Ya know the first thing I thought about when reading this story?

The Family on C Street in DC.



And what Sibel Edmonds has been saying all along about massive money laundering by many dark actors.



We are just touching the surface of this web of corruption.

[Kaleko]

6. The Vatican is an intrinsic part of the vampire squid a.k.a. the cabal or PTB.

This ink-spewing octopus whose tentacles span the globe is choking off people's will to live, and that's the tipping point we have reached in the last few weeks.

If you're no longer afraid to die, you are truly dangerous to the status quo.

[Poboy]

7. recommend.

[old mark]

8. There have been such scandals every few years since trhe 1970's,

IIRC - they are simply a corrupt business organization with religious trappings.

mark

[jannyk]

9. Again? n/t

[robdogbucky]

10. The book that covers the earlier incident of Calvi, et al

was a very good read, re:

"Another was found dangling from a rope under London's Blackfriars Bridge in 1982, his pockets stuffed with money and stones."

In God's Name
First published: 1984

Murder and corruption - New evidence of the vatican cover-up
Over 6,000,000 copies sold worldwide.

In God's Name has been at the top of the bestseller lists all over the world. It contains some of the most explosive and dramatic revelations ever published about the internal affairs of the Vatican.

During the late evening of September 28th or the early morning of September 29th, 1978, Pope John Paul 1, Albino Luciani, known as the smiling Pope, died only thirty-three days after his election.

David Yallop began his investigations into his death at the request of certain individuals resident in Vatican City who were disturbed by a cover-up of the true circumstances surrounding the discovery of the Pope's body. It is his conviction that murder was the fate of Albino Luciani and he presents this evidence in this enthralling book.

Over three years continual and exhaustive research, David Yallop uncovered a chain of corruption that linked leading figures in financial, political, criminal and clerical circles around the world in a conspiracy of awesome proportions. To this day the central questions raised in In God's Name remain unanswered. A new updated edition containing additional evidence is now available.

U.K. Publishers Constable & Robinson.
U.S. Publishers Carroll & Graf.
©Copyright 2007 David Yallop. All Rights Reserved. Terms of Use Privacy Policy


http://www.yallop.com/ingodsname.aspx




robdogbucky sez read this book to learn more about the intrigues of God's Banker.

[SpiralHawk]

11. Olivetan Oligarchy

or whatever

[Nihil]

12. "Priests use a private entrance."

Yeah ... often without permission too ... :hide:

[JVS]

13. Life imitating Godfather III.

How awful

[bobthedrummer]

14. "Allmighty dollar..." back in the day, and today, The O Jays "For the Love of Money" nailed it kick