Tag Archives: Massimo Tulli

There’s No Other Game In Town: Banking Fraud (But I Repeat Myself)

2 Jul

h/t reader Kevin Moore for the following story, from presstv.ir –

Top Vatican bank officials resign after arrest of senior Italian cleric

The director and deputy director of the Vatican Bank have resigned after a senior Italian priest with close ties to the bank was arrested on suspicion of fraud and corruption.

In a statement issued on Monday, the Vatican announced that the bank’s director, Paolo Cipriani, and his deputy, Massimo Tulli, had stepped down.

On Friday, Italian authorities arrested a senior cleric known as Nunzio Scarano after an investigation of the bank, also known as the Institute for Works of Religion (IOR), produced evidence showing it may have been involved in an international fraud scheme.

Scarano was arrested along with Giovanni Maria Zito, a former Italian intelligence agent, and Giovanni Carinzo, a financial broker.

Prosecutors say Scarano paid Zito 400,000 euros ($523,000) to transport 20 million euros in cash from Switzerland to Italy onboard Zito’s private jet

The Italian daily La Repubblica reported that Scarano is also under investigation in the city of Salerno on suspicion of money laundering.

Only priests, religious, Catholic institutions, employees of the Vatican City State, and diplomats accredited to the Holy See are allowed to have accounts at the IOR, but Italian politicians and organized crime figures allegedly also have accounts at the bank.

Over the years, the Vatican Bank has been involved in a series of scandals.

The bank’s governor in the 1980s, Archbishop Paul Marcinkus, was indicted over his involvement with the collapse of Italy’s largest private bank, Banco Ambrosiano, which was owned in part by the Vatican Bank.

In the aftermath of the scandal, the chairman of the bank, Roberto Calvi, was found hanged under Blackfriars Bridge in London in 1982. Calvi was known as God’s Banker because of his close ties to the Vatican. The death was initially ruled a suicide but later prosecuted as a murder.

The activities of the infamous P2 Masonic lodge were brought out of the shadows by the collapse of Banco Ambrosiano. Some investigative journalists suspected that some of the plundered funds went to P2 or to its members.

Propaganda Due, or P2, was a Masonic lodge operating under the jurisdiction of the Grand Orient of Italy from 1945 to 1976. P2 was sometimes referred to as a “state within a state” or a “shadow government.”

And still the greatest banking fraud of all — usury — goes on.

Unchecked, and unchallenged.

With the heretical support of the Roman Catholic Church, and indeed, pretty much all of modern-day Churchianity.

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