© AP Photo/Francesco PecoraroMonsignor Nunzio Scarano is under investigation.
A priest, a banker and a spook... not the start of a joke or a John LeCarre spy novel, but merely the latest addition to a long list of financial scandals involving the Vatican Bank. Yet despite its quasi comedian if convoluted plotline, the latest attempt to defraud the Catholic church will likely pale in comparison to the most infamous incident involving the Institute of Religious Works (or IOR) as the Vatican Bank is also known.
That one involves one Roberto Calvi, the chairman of Banco Ambrosiano, who in 1982 was found hanging from London's Blackfriars bridge, a short distance away from JPMorgan's gold vault, his pockets stuffed will cash and bricks in what at the time was a presumed hit by the mafia taking revenge for funds lost through the collapse of Calvi's bank - a bank in which the Vatican was a significant shareholder.
That particular murder will likely remain unsolved, and the question whether the Vatican uses the mob as its tool of "retribution and righteous punishment" will remain unanswered, as the man who stonewalled the Vatican's response at the time on the grounds of sovereign immunity: the US archbishop Paul Marcinkus who was then-head of the Vatican Bank, took his secrets to the grave with him in 2006.
This time, however, with plenty of living loose ends, we may finally get a glimpse into how deep the rabbit hole involving the legal, and more importantly illegal, (ab)use of Catholic funds really goes.
Fast forward to today when we learn
courtesy of the FT that the priest involved in the developing financial scandal is one Monsignor Nunzio Scarano, 61, a banker-turned priest, who was ordained at the age of 35 after working for many years at the Banca d'America e d'Italia, a Naples-based lender which was acquired in the late 1980's by Deutsche Bank. His Vatican career began in the financial wing of the Holy See, or Apsa, where he worked his way up to a senior post in the organization's analytical accounting division. He had been recently suspended once the Vatican learned he was under investigation for alleged money laundering.
Comment:
No doubt these plans will come to fruition one day soon...
They've already done it in Venezuela, Iran and Syria... not long now before the methods tried and tested abroad are applied on U.S. soil.