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Pope Finds 100s Of Millions Of Euros "Tucked Away"; Freezes Ex-Vatican Bank Heads Assets
It's a miracle... The Vatican's economy minister has said hundreds of millions of euros were found "tucked away" in accounts of various Holy See departments that were previously not counted on the city-state's balance sheet. "In fact, we have discovered that the situation is much healthier than it seemed," noted Australian Cardinal George Pell, adding that "it is important to point out that the Vatican is not broke." Indeed a miracle - like hookers-and-blow in GDP data? However, the Vatican finances remain in darkness as Reuters reports, the state's top prosecutor has frozen 16 million euros in bank accounts owned by two former Vatican bank managers and a lawyer as part of an embezzlement investigation into the sale of 29 Vatican-owned real estate in the 2000s.
The Holy See is 'miraculously' doing quite well... (via Reuters)
The Vatican's economy minister has said hundreds of millions of euros were found "tucked away" in accounts of various Holy See departments without having appeared in the city-state's balance sheets.
In an article for Britain's Catholic Herald Magazine to be published on Friday, Australian Cardinal George Pell wrote that the discovery meant overall Vatican finances were in better shape than previously believed.
"In fact, we have discovered that the situation is much healthier than it seemed, because some hundreds of millions of euros were tucked away in particular sectional accounts and did not appear on the balance sheet," he wrote.
"It is important to point out that the Vatican is not broke ... the Holy See is paying its way, while possessing substantial assets and investments," Pell said, according to an advance text made available on Thursday.
In his article, Pell said the reforms were "well under way and already past the point where the Vatican could return to the 'bad old days'."
But there remains the ongoing issues of total fraud and malfeasance in the city-state's financial organizations (via Reuters)
The Vatican's top prosecutor has frozen 16 million euros in bank accounts owned by two former Vatican bank managers and a lawyer as part of an investigation into the sale of Vatican-owned real estate in the 2000s, according to the freezing order and other legal documents.
Prosecutor Gian Piero Milano said he suspected the three men, former bank president Angelo Caloia, ex-director general Lelio Scaletti, and lawyer Gabriele Liuzzo, of embezzling money while managing the sale of 29 buildings sold by the Vatican bank to mainly Italian buyers between 2001 and 2008, according to a copy of the freezing order reviewed by Reuters.
...
The investigation is part of a drive to improve the transparency of the Vatican administration and finances, an endeavor that has accelerated under Pope Francis. The Argentine pontiff was elected in 2013 with a mandate to make the Roman Catholic Church more accountable to its 1.2 billion faithful.
Liuzzo, 91, confirmed in a telephone interview that his bank accounts had been frozen. He said the prosecutor’s allegations were "rubbish" and that all money from the sales of the buildings had gone to the bank.
Caloia, 75, did not respond to emailed questions and phone calls to his home and office requesting comment. Scaletti, 88, did not respond to messages left at his home.
The period relating to property sales covers seven years, and two papacies, when the Vatican's administration often operated without oversight.
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Same thing happened to me.
Bankers and priests, is there any difference?
The Pope doin' Goldman's work. Who'd a thunk...
The Pope doin' Goldman's work.
+10
Holy Shit! Badda Bing!
If Francis continues his mission to uncover fraud, abuse, corruption and everything that goes with it, he's going to find that there really is nothing left AT ALL absent those things. Sort of like every other fiat-based organization on Earth.
He'll be the first pope assassinated in hundreds of years. (Unless you count John Paul I in 1978 who died only 33 days after becoming Pope, leading to ALL SORTS OF SPECULATION HE WAS ACTUALLY MURDERED.)
Your story reminds me of The Black Pope:
https://www.youtube.com/watch?v=d7BYKAT9Fxs
I swear I don't know where that money came from!
My guess is that money either came from a helicopter drop, or from some indirect channel through Belgium.
Ah yes... happy cardinals, bishops, and priests celebrating...
A round of nubile little altarboys for everyone all around!
a tad too rich on dogma, your "Sort of like every other fiat-based organization on Earth."
fraud, abuse, corruption and everything that goes with it all had a wonderful time with gold-based organizations, too. it has to do with humans, not fiat. fiat just gives some orgs a bit more leeway
and this does not apply to the Vatican, then for all it's faults it has neither been in the business of financial leverage through banking scams - in the contrary, plenty of monasteries and nunneries that were the victims of bankers - nor in the business of "printing money". just saying
Agreed. Reading the comments on this one it appears this is a perfect example of looking at a news story through one's own "narrative" lens.
Regardless of one's religious or non religious inclinations, the fact is the Vatican is prosecuting embezzling. Every western government around the world would do well to follow the example of the Pope on this one.
Ask the choirboys.
Reminds me ;-) ...
[VIDEO - 04:41] Louis CK learns about the Catholic Church
2.5 million hits
it's all in the family, the priests diddle the kids while the bankers fuck the parents
And this prick Pell covered for all the dirty rockspiders hope he rots in hell
my best friend's mother makes $82 /hr on the internet . She has been without work for five months but last month her pay check was $20842 just working on the internet for a few hours. browse around this website... www.yelptrade.com
Your best friends mother is soon going to be ass-raped.
are they also doing cigarettes into Greece?
http://worldmaritimenews.com/archives/145582/abandoned-vessel-found-in-z...
Seems that should just about cover the baby fucking lawsuits...with a little to spare for hate lawsuits. Everything works out and they didn't even really have to print any money...directly.
"The period relating to property sales covers seven years, and two papacies, when the Vatican's administration often operated without oversight."
Sounds like the Federal Reserve since 1913, and we don't even get indulgences or special dispensations, just: the bill, no interest on savings, and a devalued currency.
The Pope's mattress has Holy springs.
where is topio gigio when you need him?
https://www.youtube.com/watch?v=idcyI2HNi-I
This guy is balls deep on kiddie fiddling within the church. Pun intended.
Whilst in charge of the church in Australia, George Pell actively managed the cover up of child sex abuses. When it all started to catch up with him, via the royal commission inquiry, he used his connections with the new prime minister, a jesuit, to get government support for religious education funding in all schools in lieu of ethics classes, and got a "promotion" to the vatican for it.
When summoned by the enquiry he fell short of just telling them to fuck off.
Yep, found it - religion almost on the top.
So Draghi is printing then......
Hell, it's just a little something put away for a rainy day, like when frankie boy just needs some pocket change to hit the ville.
I think back to all those sundays as a poor enlisted guy with wife and 4 kids giving more than i could afford to the collection basket.
What a sap.
That sonofabitch Cardinal Lamberto, we paid him off and then Achbishop Gilday reneged on the deal. I told Mike that International Immobliare was a POS stinker.
That pell is a arsehole, He was the top pedo lover that covered up the the huge pedo scumbag ring in Australia. Then gets a top job at the Vatican. I want to linch all those fuckin scumbags.
Well it would be hard to imagine that any organization that's been allowed to rape and plunder all over the globe for 2000 years, with no accountability, could possibly go broke.
ah. those indulgences. big booty.
I guess the Pope has gone back to selling indulgences to the Mafia he has excommunicated.
1)...Problem = no money in Vatican Bank coffers.
2)...Reaction = excommunication of Mafia.
3)...Solution = newfound money from selling indulgences to Mafia.
NOTE: Pope Francis was a bar bouncer back in the 70s and knows the ropes.
Praise the Lord and Hail Mary!
Special amnesty for repatriation, you don't go to hell... but you might get a slap on the wrist.
Maybe it's time to get long the Euro? er " Deutsche Mark"
Child sex trade is paying off.
BELGIUM’S DUTROUX PEDIPHILE AND CHILD RAPE AFFAIR: A ROAD MAP FOR DEEP-STATE CRIMINALITYhttp://winteractionables.com/?p=14667
I was told by a very high ranking member of the Vatican once that the church has no money. And he said it with a perfectly straight face. Although I burst out laughing. Maybe he was telling the truth. It's all been stolen from them too they just don't know it yet. But he seemed to know. Hmmm....
"It's all been stolen from them"
What a shocker...
Quote from this section: "The Union Générale"
First we had paedophilia covered up at the highest levels and now this. Is Is there any limitation to the corruption and dishonesty of this institution which is meant to be the benchmark of moral standards. What a joke they are in their flowing robes and high hats
Can any of you financial guys calculate the goodwill of the Vatican for me ?
lol, that's an interesting question. not a "financial guy", me, but let's take an historic example: last time the Vatican "tapped" it's "goodwill" in money-terms, it sold indulgences
this had two effects: a schism leading to Reformation and Counter-Reformation, and... from the revenues, St. Peter's cathedral in Rome was built
now of course... how much is St. Peter worth? Who would ever buy it? so certain things are beyond markets. Only a market fundamentalist does not note that, knows the price of everything but ignores the worth of anything. you could as well ask to calculate the worth of the whole planet
so the correct answer to your question imo is: it's incalculable
"it's incalculable". Or zero?
ok Ghordius, thanks for playing. I think you passed the test once again.
Being way to hard on the Catholic Church, its easy to forget that you have a few Hundred Million languishing around that somehow missed earlier audits and was only realised when fraud investigations started to come closer. Its not like the church could possibly be crooked or anything, these are men of God after all, next you will be trying to link them to inapproriate sexual behaviour with choir boys, lol and even more ridiculously that the church knew this and covered it up for decades, could never happen,if you can't trust a man of God who can you trust, Bankers?
This Vatican Bank thing. Uh, it was set up by Jesus himself, right? I mean, they don't do any money-changing or laundering or anything, right? So what could be wrong?
dumby, which Vatican bank thing? that small affair with 110 employees? a shadow of what it was when the Papal States were a medium sized european polity. keep real
"it was resting in my account"
- All crooked priests, throughout history
David Yallop wrote a book about the bond fraud from the Vatican Bank , the death of a banker, the death of Pope John Paul I in his book "In God's Name". Which is a cheap read on Amazon.com.
Plenty of young boys and euros. Its a great time to be a catholic priest.
get below street level within vatican city and you'll find a helluva lot more than 100M euro. All the stolen riches of other societies throughout the last 5000 or more years.
I always get a kick out of that obelisk in Rome or the one in Paris. If you look on them closely, you will see "made in/stolen from egypt".
This oldest death and propaganda corporation, called Catholic Church Inc., after generations of retarded man and women, cruel teenagers, gays, lesbians, pedophiles, atheists, murderers and torturers of children and anything walked, gangsters, banksters, oligarchs, friends of Hitler and Mussolini, and Jews as popes, was recently taken over by proto-fascist Wall Street hack for a change.
His sole role is to repossess real property (palaces, churches), leased land, death industry assets, cemeteries, historic art, Jewish holocaust gold, investments in world mafias, human, drug trafficking, church collections, CIA shell companies, cash extorted from tourists and faithful, etc. pledged by church authorities over last 70 years in order to indulge itself in gluttonous practices, grandiose ceremonies and pagan sainthoods that would make Jesus Christ turn in his grave if he was in one. Mountain of lies, strait theft and despicable manipulations of exploited peoples’ last hope, by Catholic Church, can only be topped by their profound ridicule and hate directed to true believers in God.
The Catholic Church founded over 2000 years ago, on premise of Good News, moral order and dedication to elevate suffering of poor, turned into doomsday machine devouring poor and weak peoples, cultures, societies, growing on their bodies like cancer, solely for it’s own absolute power and gold coin paid by indulgences allowing wealthy elites to commit future crimes like a murder on cheap. Similar indulgences are being currently dispensed by DOJ to banksters.
As dead Boris said, I don’t thing God is evil. Worst thing, we can say about Him is that he’s underachiever. The Catholic Church is not underachiever. It’s pure evil.
Hands up! No Girls!
Money Laudering, and Paedophlila Child Trafficking.
C'mon, it's time for VAT to face the Music.
BS. It's Racketeering! It's a miracle... no, it is only 12 years max in Euro.
Find the fucks, can them, and prosecute them!