• Gold Money
    05/26/2016 - 14:27
    Here’s a question that might have you pondering: Is gold a commodity? More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly...

Vatican's "Monsignor 500" Re-Arrested Amid Money Laundering Allegations

Tyler Durden's picture


Monsignor Nunzio Scarano - dubbed "Monsignor 500" after his favorite bank-note - who is already on trial for allegedly plotting to smuggle 20 million euros from Switzerland to Italy, was arrested Tuesday in a separate case for allegedly using his Vatican accounts to launder a further 7 million euros. As AP reports, police said they seized 6.5 million euros in real estate and bank accounts Tuesday, including Scarano's luxurious Salerno apartment, filled with gilt-framed oil paintings, ceramic vases and other fancy antiques. A local priest was also placed under house arrest and a notary public was suspended for alleged involvement in the money-laundering plot. Police said in all, 52 people were under investigation. Have no fear though, for his lawyer, "has good faith that the money came from legitimate donations."


Via AP,

Scarano's lawyer, Silverio Sica, said his client merely took donations from people he thought were acting in good faith to fund a home for the terminally ill. He conceded, however, that Scarano used the money to pay off a mortgage.


"We continue to strongly maintain the good faith of Don Nunzio Scarano and his absolute certainty that the money came from legitimate donations," Sica told The Associated Press.


The Salerno investigation was already under way when Scarano was arrested in June in Rome on the smuggling accusations.





Police and Sica described the laundering plot as follows: Scarano allegedly withdrew 555,248 euros from his Vatican account in cash in 2009 and brought it into Italy. Since he couldn't deposit it in an Italian bank without drawing suspicion, he selected 50 friends to accept 10,000 euros apiece in cash in exchange for a check or wire transfer in that same amount.


The money then went to pay off a mortgage on a Salerno property held in the name of a company Scarano partly owned.




The Vatican's top prosecutor said last week that the Holy See had responded to two official requests from Italy for information about Scarano's accounts, while making its own request to Italian authorities for help in its own money-laundering investigation of him.


The Vatican's own investigation into Scarano's banking activity showed that some 7 million euros had come into and out of his Vatican accounts over the past decade.


The Vatican's documentation arrived on Salerno prosecutors desks in recent weeks, leading to his re-arrest on Tuesday, Italian media reported.




Scarano's initial arrest in the smuggling case was reduced to house arrest because of his ailing health. Sica said the prelate would serve the new arrest warrant also under house arrest.


In the Rome smuggling case, prosecutors say Scarano, a financier and a carabinieri officer devised an elaborate plot to transport 20 million euros in a private jet from Switzerland to Italy avoid paying customs duties. The plot fell apart because the financier reneged at the last minute.


Sica has said Scarano in that case was merely acting as a middleman.

So now we are losing faith and trust in our priests? Wht next - losing faith in central bankers?

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 01/21/2014 - 19:13 | 4353498 fonestar
fonestar's picture

It would appear the Vatican has yet to reach Satoshi conciousness.....

Tue, 01/21/2014 - 19:29 | 4353552 VD
VD's picture

at least Pope got some Davos insightz for da meek 'bout rich n poor....

Tue, 01/21/2014 - 19:30 | 4353559 Harbanger
Harbanger's picture

Now there's less money for Pope Francis to redistribute.

Tue, 01/21/2014 - 19:41 | 4353597 Pure Evil
Pure Evil's picture

Well, at least its only filthy lucre and not filthy rectums that the Catholic Church is famous for redistributing.

Tue, 01/21/2014 - 20:02 | 4353682 fauxhammer
fauxhammer's picture

"...and a notary public was suspended..."


Shit's gettin real

Tue, 01/21/2014 - 20:47 | 4353815 DoChenRollingBearing
DoChenRollingBearing's picture

Hey fonestar, you really ought to admit there is a certain, er, charm, to those 500 euro notes.  I love 'em...

Tue, 01/21/2014 - 20:48 | 4353816 Colonel Klink
Colonel Klink's picture

Wipe your mouth Fonestar, you still have some of Satoshi's DNA in the corners.

Tue, 01/21/2014 - 19:13 | 4353503 NidStyles
NidStyles's picture

He pissed someone off apparently.

Tue, 01/21/2014 - 19:15 | 4353511 gwar5
gwar5's picture

Doing God's work no doubt.


Tue, 01/21/2014 - 19:16 | 4353513 fonzannoon
Tue, 01/21/2014 - 19:18 | 4353518 The Gooch
The Gooch's picture

<----------"The Lord loves a workin' man and don't trust whitey".

<----------"See a doctor and get rid of it"

Tue, 01/21/2014 - 19:36 | 4353580 Harbanger
Harbanger's picture

Hi Gooch, Any suggestions for what to do about the itchy area between my anus and testicles?

Tue, 01/21/2014 - 19:43 | 4353609 frankTHE COIN
frankTHE COIN's picture

Are you out of Ointment already ?

Tue, 01/21/2014 - 19:49 | 4353635 The Gooch
The Gooch's picture

Father Phleger, South Side.


Tue, 01/21/2014 - 19:51 | 4353641 Harbanger
Harbanger's picture

Now that's funny.

Tue, 01/21/2014 - 20:07 | 4353705 The Gooch
The Gooch's picture

So is 00 buckshot until it's your appendage.

Or your child.


Tue, 01/21/2014 - 20:20 | 4353742 Harbanger
Harbanger's picture

Nothing funny about getting hit with buckshot.  A homo that calls himself priest licking my ass is.

Tue, 01/21/2014 - 19:17 | 4353515 Frank N. Beans
Frank N. Beans's picture

somebody musta confessed

Tue, 01/21/2014 - 19:19 | 4353526 NoDebt
NoDebt's picture

A couple of isolated incidents that took place only for a brief period of time, I'm sure.  Read nothing further into this.

Wed, 01/22/2014 - 08:30 | 4354894 Greenskeeper_Carl
Greenskeeper_Carl's picture

Yep. It was only a couple years. It shows what govts care about enforcing too. The clergy can molest ad rape children, and maybe be transferred as punishment. But deny the govt their tax dollars and they will take your ass down. Catholics and the govt deserve each other. Enjoy what you have helped create for centuries.

Tue, 01/21/2014 - 19:27 | 4353545 The Proletariat
The Proletariat's picture

....and the holy war of words starts in 3....2.....2 1/2.....1 3/4........1.....

Tue, 01/21/2014 - 19:31 | 4353546 sixsigma cygnus...
sixsigma cygnusatratus's picture

Bah, Lord's prayer + a couple Hail Marys and a little larger brown envelope this time, and all will be forgiven.

Tue, 01/21/2014 - 19:37 | 4353577 El Hosel
El Hosel's picture

Too ( $$$ ) Legit to Quit.

Tue, 01/21/2014 - 19:33 | 4353572 logicalman
logicalman's picture

The Catholic Church - ripping off the poor for 2 millenia......

And that's not the worst they are responsible for.

Tue, 01/21/2014 - 19:35 | 4353581 JLee2027
JLee2027's picture

You've confused the Church with the actions of individual men.

Tue, 01/21/2014 - 19:41 | 4353602 logicalman
logicalman's picture

Utter crap - the church covers it all up.

Look at the cardinals - all living in poverty to help the poor. Don't make me laugh.

Any decent god would have got rid of the lot long ago.

Tue, 01/21/2014 - 19:49 | 4353640 Harbanger
Harbanger's picture

"Look at the cardinals - all living in poverty to help the poor. Don't make me laugh."

No more hypocracy than American liberals,  look at global warming Al Gore with his private jets or the redistributionist Obama taking muti-million dollar vacations.

Tue, 01/21/2014 - 19:56 | 4353662 logicalman
logicalman's picture

No less, either.

It's hypocrisy, one bunch of hypocirtes can't be used to justify another bunch of hypocirtes.

Think before you type, please.

Oh. yes, and turn on spell check.

Tue, 01/21/2014 - 20:10 | 4353694 Harbanger
Harbanger's picture

Don't need a spell checker fool.  hypocracy is a democracy governed by hypocrites.  The difference is the Hypocrites in any given Church don't govern me or make laws that fuck me over.

Tue, 01/21/2014 - 20:22 | 4353751 logicalman
logicalman's picture

For you to insult me, first I must value your opinion.

I notice you didn't mention thinking before typing - try it, if you are capable of rational thought.

Tue, 01/21/2014 - 20:27 | 4353766 Harbanger
Harbanger's picture

Quiet bitch, you would feel insulted all day long by me simply telling you truths.  There should be a law against this.

Tue, 01/21/2014 - 20:59 | 4353869 logicalman
logicalman's picture

You can't fight your own battles so you need a law?


I don't think ZH is the place for you.

I will not be wasting my time responding to anything more you have to say on this subject.


Tue, 01/21/2014 - 21:08 | 4353896 Harbanger
Harbanger's picture

I'm only toying with you.  If you think you can outsmart me you should think again.  I will destroy all your illusions and make you cry in the end.

Wed, 01/22/2014 - 12:02 | 4355445 WillyGroper
WillyGroper's picture

Since when are "American Liberals" or for that fact "Conservatives" in the business of "Saving Your Eternal Soul"?

Tue, 01/21/2014 - 23:24 | 4354302 JLee2027
JLee2027's picture

---Utter crap - the church covers it all up.---


Not the entire Church. You condemn all based on the actions of a few.

Wed, 01/22/2014 - 09:15 | 4354937 Greenskeeper_Carl
Greenskeeper_Carl's picture

The actions of a few? Negative. It may not be all of them, or even a majority of them, but it is enough of them. They have gotten away with rampant rape and corruption for centuries though, in no small part due to people like you defending them. All priests don't molest little boys or steal money, but enough do so to make leaving your children under their care about as responsible as letting them go to a sleepover at Jerry sandusky's house.

Wed, 01/22/2014 - 12:03 | 4355453 WillyGroper
WillyGroper's picture

Define a "Few".

Over 400 at last count.

Tue, 01/21/2014 - 19:36 | 4353583 BobRocket
BobRocket's picture

I see Scarano's lawyer is using the old Father Ted defence there.




Tue, 01/21/2014 - 19:39 | 4353591 Yen Cross
Yen Cross's picture

 I've tried to debate Fonestar on every intellectual level.

  He's all of 30 something years old. He'll just have to find out for himself.

Tue, 01/21/2014 - 19:48 | 4353632 logicalman
logicalman's picture

I'm guessing you'd do better debating a wall.

Tue, 01/21/2014 - 20:07 | 4353704 knukles
knukles's picture

Think like his mom.
Tell him to behave or he looses his computer time

Tue, 01/21/2014 - 20:11 | 4353715 The Gooch
The Gooch's picture

His name was Robot Trader.

Tue, 01/21/2014 - 20:18 | 4353737 nmewn
nmewn's picture

Apparently he's Canadian ehhh, she doesn't want to deal with him either, its either this or...

Its his Mom's fault!

(Something Freudian this way comes)

Tue, 01/21/2014 - 19:39 | 4353592 Parrotile
Parrotile's picture

Seems "Business as Usual" for the Catholic Church, along with all their "little secrets" that are too important / too revealing for "the rest of us" to see.

Add in the real purpose of the many Inquisitions - nothing more than a very effective land / asset grab under the guise of "religious enforcement", and it bcomes rather clear that this particular branch of organised Religion is more about "Spreading the Word" in order to "harvest the revenue", a job that they are evidently very good at.

Tue, 01/21/2014 - 21:03 | 4353877 logicalman
logicalman's picture

Can't remember the name of the author - I think it was a pseudonym anyway - but a really interesting read I came across a few years ago is called 'Vatican Billions' - worth a read if you want to understand why the world is the way it is. Lots of pieces to the puzzle

Tue, 01/21/2014 - 23:25 | 4354308 JLee2027
JLee2027's picture

And the Church just collects and doesn't help the poor, right? 

Wed, 01/22/2014 - 00:47 | 4354486 matrix2012
matrix2012's picture

@ JLee2027

Nope, they do spread! They collect 10 and just retain a meager 3 over times...

Wed, 01/22/2014 - 08:34 | 4354898 Greenskeeper_Carl
Greenskeeper_Carl's picture

@Jlee, they spread the wealth around all right, no one is saying they don't. They spread that wealth around to a shit load of lawyers, on both sides of the lawsuit. They also spread millions to poor unsuspecting families, who all they had to do to receive the benevolent money of the Catholic Church was trust their priests alone with their child, and get millions. Talk about spreading the wealth. The diocese of Stockton spread so much wealth around to the 'poor' they went bankrupt! Pope Francis should applaud them

Wed, 01/22/2014 - 00:44 | 4354479 matrix2012
matrix2012's picture


by Avro Manhattan


Chapter 1

-The Historical Genesis of the Vatican’s Accumulation of Wealth

-Historical genesis of the Vatican’s accumulation of wealth

-The splitting of Christianity accelerated by its policy of temporal riches

-Christianity expropriates all rival religions

-How the Apostolic tradition of poverty was abandoned.


Jesus, the founder of Christianity, was the poorest of the poor.

Roman Catholicism, which claims to be His church, is the richest of the rich, the wealthiest institution on earth. How come, that such an institution, ruling in the name of this same itinerant preacher, whose want was such that he had not even a pillow upon which to rest his head, is now so top-heavy with riches that she can rival - indeed, that she can put to shame - the combined might of the most redoubtable financial trusts, of the most potent industrial super-giants, and of the most prosperous global corporation of the world?

It is a question that has echoed along the somber corridors of history during almost 2,000 years; a question that has puzzled, bewildered and angered in turn untold multitudes from the first centuries to our days.

The startling contradiction of the tremendous riches of the Roman Catholic Church with the direct teaching of Christ concerning their unambiguous rejection, is too glaring to be by-passed, tolerated or ignored by even the most indifferent of believers. In the past, indeed, some of the most virulent fulminations against such mammonic accumulation came from individuals whose zeal and religious fervor were second to none. Their denunciations of the wealth, pomp, luxury and worldly habits of abbots, bishops, cardinals and popes can still be heard thundering with unabated clamor at the opening of almost any page of the chequered annals of western history.

[...] Read it online here or grab a pdf copy.
Wed, 01/22/2014 - 08:55 | 4354913 StychoKiller
StychoKiller's picture

Hey, those widows' mites start to add up after awhile!

Do NOT follow this link or you will be banned from the site!