Vatican Bank Scandal Widens Following Resignations Of Director, Deputy

Tyler Durden's picture


The story of the Vatican Bank's priest, the Italian secret service spook, and their "fiduciary" banker gripped the world's attention over the weekend when the latest iteration in the Vatican Bank's money laundering series were revealed. Now, comes the resignations: the first of many. AP reports that the Vatican Bank director, and his deputy have both resigned "following the latest developments in the broadening finance scandal."

From AP:

The Vatican said Monday that Paolo Cipriani and his deputy, Massimo Tulli, offered to step down "in the best interest of the institute and the Holy See."


Cipriani, along with the bank's then-president, was placed under investigation by Rome prosecutors in 2010 for alleged violations of Italy's anti-money-laundering norms after financial police seized 23 million euro ($30 million) from a Vatican account at a Rome bank. Neither has been charged and the money was eventually ordered released.


But the bank, known as the Institute for Religious Works, has remained under the glare of prosecutors and now Pope Francis amid fresh concerns it has been used as an offshore tax haven.

We are confident that the rabbit hole on this one will stretch very deep by the time all is revealed, and the resignations will reach all the way to the very top.

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Mon, 07/01/2013 - 14:40 | 3710908 Xibalba
Xibalba's picture

Time for the black pope

Mon, 07/01/2013 - 14:43 | 3710913 JLee2027
JLee2027's picture

The real story over there is the homosexual priest ring involving children being investigated. The Pope has a huge cleanup job to do.

Mon, 07/01/2013 - 14:45 | 3710927 THX 1178
THX 1178's picture

A rapist, a pedophile, and a preist walk into a bar...

Mon, 07/01/2013 - 14:58 | 3710975 BaBaBouy
BaBaBouy's picture

ANYBODY Hanging From The LONDON Bridge Yet ???

Mon, 07/01/2013 - 15:09 | 3711005 icanhasbailout
icanhasbailout's picture

This story needs more chick pix - it's been too long since ZH posted a good one. Where's my naughty nuns?

Mon, 07/01/2013 - 15:50 | 3711147 SemperFord
SemperFord's picture

Ask and ye shall receive...plenty to choose from...

Mon, 07/01/2013 - 14:59 | 3710978 cougar_w
cougar_w's picture

.. and the bartender yells "GET THE FUCK OUT OF HERE!"

Mon, 07/01/2013 - 16:40 | 3711306 Cacete de Ouro
Cacete de Ouro's picture

Kiss my Ring says the Cardinal and Bash my Bishop.
Never a dull moment with the Holy See-men

Mon, 07/01/2013 - 15:00 | 3710980 Agent P
Agent P's picture

...and the bartender says, "Table for one?"

Mon, 07/01/2013 - 15:05 | 3710991 THX 1178
THX 1178's picture


Mon, 07/01/2013 - 16:05 | 3711191 americanspirit
americanspirit's picture

... and he looks around and says " where is everybody?"

Mon, 07/01/2013 - 17:16 | 3711380 Colonel Klink
Colonel Klink's picture

Bartender says "hi father".

Sat, 07/06/2013 - 08:45 | 3726120 Treason Season
Treason Season's picture

Just for the record:

A rapist, a pedophile, and a rabbi walk into a bar..


Mon, 07/01/2013 - 15:06 | 3710996 dasein211
dasein211's picture

This pope won't make it past a year and I think he knows it. He's being forceful with the cleanup and making himself a target. I got a feeling it'll be by sept/oct....... Then?

Mon, 07/01/2013 - 16:07 | 3711200 Bobportlandor
Bobportlandor's picture

Well at least they can now get married in the US.

Mon, 07/01/2013 - 16:25 | 3711243 Lore
Lore's picture

They're sure trying to squelch the sodomite child prostitution ring.

YouTube coverage from

Breaking News : Rome's Gay Clergy (27-Jun)

Follow Up Report: Gay Roman Clergy (30-Jun)

Mon, 07/01/2013 - 14:46 | 3710932 TrustWho
TrustWho's picture

Obama does not like competition!

Mon, 07/01/2013 - 14:46 | 3710933 Skin666
Skin666's picture

+ 1

Mon, 07/01/2013 - 14:57 | 3710972 Cast Iron Skillet
Cast Iron Skillet's picture

time for a female pope.

Mon, 07/01/2013 - 15:00 | 3710981 cougar_w
cougar_w's picture

They've tried men long enough, so why not.

Mon, 07/01/2013 - 15:37 | 3711098 JLee2027
JLee2027's picture

Only men are allowed to teach and lead in religion per the Bible, that's why not. Oh, I know many ignore that simple command these days. 

Mon, 07/01/2013 - 17:39 | 3711438 Colonel Klink
Colonel Klink's picture

Ah yes, that greatest story book ever written by man.

Mon, 07/01/2013 - 15:05 | 3710990 TheGardener
TheGardener's picture

Commie judges spiting out poison , out of self hate on anyone not as ugly as themselves passing by : rich entrepreneurs cum prime ministers, catholic clerics charged with activities better left to other tribes.

Soon they will order pogroms against anyone not yet receiving government support .

Mon, 07/01/2013 - 15:06 | 3710993 TheGardener
TheGardener's picture

deleted, double post

Mon, 07/01/2013 - 14:43 | 3710917 insanelysane
insanelysane's picture

" and the resignations will reach all the way to the very top."

One pope already resigned.

Mon, 07/01/2013 - 14:44 | 3710919 fonzannoon
fonzannoon's picture

It's hysterical that god does not have a money printer. This would have been papered over very easiely. 

Mon, 07/01/2013 - 15:07 | 3710999 reload
reload's picture

I can`t shake the vision of a bunch of Cardinals sitting around in the Vatican Bank dealing room, a little merry after a fine luch with some brokers, they have Cigars on the go while browsing on line Hookers and rent boys.

Mon, 07/01/2013 - 14:44 | 3710922 fourchan
fourchan's picture

this is the wrong pope to be greedy around.

Mon, 07/01/2013 - 14:48 | 3710941 Dr. Engali
Dr. Engali's picture

Yes it is and the fact that he skipped a concert in his honor says alot about this pope:

Mon, 07/01/2013 - 15:34 | 3711086 iDealMeat
iDealMeat's picture

quick..   get Clint Eastwood..  That empty chair needs some talky talk..

Mon, 07/01/2013 - 19:40 | 3711851 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

This pope will change nothing. My Church my faith is gone. Burn it down and begin again.

>born raised and once loving Catholic....

Mon, 07/01/2013 - 14:45 | 3710925 TrustWho
TrustWho's picture

God and Allah hate money and interest, so Yaweh created the Jews. The vatican should have hired the Jews to handle all his money.  ....just making a little fun of history.

Mon, 07/01/2013 - 15:09 | 3711009 WarPony
WarPony's picture

will a gold sax boy suffice?

Mon, 07/01/2013 - 19:42 | 3711858 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Allah is a pimp who wants young girls raped. Allah is a pimp.

Mon, 07/01/2013 - 14:46 | 3710928 ZippyBananaPants
ZippyBananaPants's picture

Remember, 'this is the last pope'  we want him to stay in as long as possible.



Mon, 07/01/2013 - 15:01 | 3710985 cougar_w
cougar_w's picture

Promises promises ...

Mon, 07/01/2013 - 15:27 | 3711059 Non Passaran
Non Passaran's picture

And even more importantly:

Texas middle school sex-ed teacher arrested for sex with students

Mon, 07/01/2013 - 17:45 | 3711457 Colonel Klink
Colonel Klink's picture

Looks like Miss Piggy as a brunette.

Mon, 07/01/2013 - 15:32 | 3711073 TheGardener
TheGardener's picture

According to Nietzsche, expressing an understatement is just another form of exaggeration and he more probably than not had a decadent failing church in mind too. Beware of the "humble", the naysayers without a healthy appetite usually
have an agenda and a touch of death too.

Mon, 07/01/2013 - 14:53 | 3710956 Smegley Wanxalot
Smegley Wanxalot's picture

Someone's gotta pay the papal prostitutes.

Mon, 07/01/2013 - 19:43 | 3711862 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

male papal prostitutes

Mon, 07/01/2013 - 14:54 | 3710961 jldpc
jldpc's picture

What do you expect from a bunch of child molester protectors - fair play? honesty? or just any old kind of criminal behavior? So who is the stupid one? Them the crooks? or you poor bastards who believe in religion and morals?

Mon, 07/01/2013 - 14:56 | 3710970 Rainman
Rainman's picture

Ask any good con man where the #1 preferred target to steal happens to's always the church....pick a denomination.

Mon, 07/01/2013 - 15:10 | 3711012 icanhasbailout
icanhasbailout's picture

pfft. The real pros in that field own banks.

Mon, 07/01/2013 - 15:43 | 3711119 TheGardener
TheGardener's picture

Con man just harvest on greedy people , just like pimps turn any greedy slut into a real whore.

Mon, 07/01/2013 - 15:00 | 3710982 Dr. No
Dr. No's picture

Don Lucchesi, you are a man of finance and politics. These things I don't understand.

You understand guns?


Finance is a gun. Politics is knowing when to pull the trigger.

Mon, 07/01/2013 - 15:01 | 3710983 Argos
Argos's picture

It's amazing how many scandals, leaks, small wars, revolutions, crisises, and even meteors are raining down on this world.

Mon, 07/01/2013 - 15:25 | 3711050 Smegley Wanxalot
Smegley Wanxalot's picture

One square meteor, 10 miles on each side, taking out DC would make my day.

It may be my last day, but I'd be laughing my ass off as the shockwave washes thru.

Mon, 07/01/2013 - 15:06 | 3710997 caimen garou
caimen garou's picture

money, the root of all evil! and the worst of it comming from the church. what a disgrace and not only catholics but all of them are all about the money! I'm glad I have my house of worship in the woods where I can dress as I please and pray to god for a better world and to get rid of the trash that is bringing our country to it's knees! Also, I know of a person and his soon to be wife was ask to pay the minister $500 to get married, what a scam. They are getting married by the Justice of the peace next month on the farm!

Mon, 07/01/2013 - 15:59 | 3711171 TheGardener
TheGardener's picture

rootless caveman, it is still just the "want" of money the church bedevils. You must be referring to the democratic
religion in her many socialist forms...

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