Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

1/22/2014 (1 year ago)

Catholic Online (

Monsignor Nunzio Scarano accused of transferring millions in fake donations through bank accounts

Monsignor Nunzio Scarano had been nicknamed "Monsignor 500" for the high-denomination bills he reportedly liked to carry around. The Vatican Monsignor has now been arrested on suspicion of transferring millions in fake donations through his bank accounts at the Vatican's Institute for Religious Works. Scarano was already on trial for allegedly trying to smuggle $26 million Euros from Switzerland to Italy.

Monsignor Nunzio Scarano had been nicknamed 'Monsignor 500' for the high-denomination bills he reportedly liked to carry around.

Monsignor Nunzio Scarano had been nicknamed "Monsignor 500" for the high-denomination bills he reportedly liked to carry around.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

1/22/2014 (1 year ago)

Published in Europe

Keywords: Monsignor Nunzio Scarano, embezzlement, money laundering, charities, arrest

LOS ANGELES, CA (Catholic Online) - Arrested in a separate case for allegedly using his Vatican bank accounts to launder money, the monsignor is now accused of transferring millions in Euros in fictitious donations from offshore companies through his accounts.

Police seized 6.5 million Euros in real estate and bank accounts this week, including Scarano's luxurious Salerno apartment, filled with gilt-framed oil paintings, ceramic vases and other antiques.

The perfect thing for the person who is hard to shop for --

In addition, a local priest has been placed under house arrest and a notary public was suspended for alleged involvement in the money-laundering plot. Fifty-two people are under investigation in connection with the case.

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. Sica did admit that Scarano had been using 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 reporters.

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

The money involved in both the Swiss smuggling case and the Salerno money-laundering case originated with one of Italy's most important shipping families, the D'Amico's.

Financial police said more than five million Euros had been made available to Scarano by the D'Amico's via offshore companies.

In a scenario provided by investigators, Scarano allegedly withdrew 555,248 Euros from his Vatican account in cash in 2009 and brought it into Italy. As 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 D'Amico family, from Scarano's hometown of Salerno, denied its involvement in a statement made in July. Their communications firm did not immediately respond to a request seeking new comment this week. No one in the family has been arrested in either case.

Scarano had been fired from his job as an accountant in the Vatican's main financial office and Vatican prosecutors seized the 2.3 million still in his accounts after his arrest.

Pope Francis calls for your 'prayer and action'...


Pope Francis: end world hunger through 'Prayer and Action'

Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2015
That human trafficking, the modern form of slavery, may be eradicated.
Evangelization: That with a missionary spirit the Christian communities of Asia may announce the Gospel to those who are still awaiting it.


More Europe

SHOCK SHOW: Sacrilegious art exhibit in Spain uses 240 stolen consecrated hosts Watch

Image of Photos of the theft of the Hosts and their placement on the ground are shown in a public art gallery in Pamplona.

By Catholic News Agency

Critics of Pamplona's city council say it deliberately attacked Catholics and broke Spanish law by using city property to display a sacrilegious art exhibit with more than 240 stolen consecrated Hosts. Madrid, Spain (CNA) - The Spanish artist Abel Azcona stole ... continue reading

French Hostage Situation: Two armed suspects engage in shootout with French police Watch

Image of French police engaged in a shootout with two suspects armed with Kalashnikovs (Not pictured).


Two suspects armed with Kalashnikov rifles engaged in a shootout with French police in Toubaix, France. LOS ANGELES, CA (Catholic Online) - The suspects are believed to have taken a bank director and his family hostage, but very little is currently known.[media ... continue reading

Vatican corruption: Journalists stand trial Watch

Image of Gianluigi Nuzzi and Emiliano Fittipaldi must stand trial at the Vatican for publishing confidential documents (Reuters).


Following the publication of books claiming the Holy See was mismanaged and spoiled through corruption, five people went on trial at the Vatican on Tuesday. Two of the five on trial were Italian Journalists Gianluigi Nuzzi and Emiliano Fittipaldi, neither of whom ... continue reading

Undercover reporter reveals secret FEMALE ISIS organization in Britain Watch

Image of One veiled ISIS sympathizer was filmed during the undercover investigation (Channel 4).


In a new British documentary titled The British Women Supporters Unveiled, one young female reporter goes undercover to infiltrate a secret Muslim organization designed to garner sympathy for the Islamic State. LOS ANGELES, CA (Catholic Online) - The reporter, who uses ... continue reading

OUTRAGEOUS: Find out why The Lord's Prayer was BANNED from Just Pray movie theater ad Watch

Image of


An advertisement featuring the Lord's Prayer has been banned from movie theaters in England. According to the Church of England, the policy that prevents the prayer advertisement did not exist when they began production on the commercial. LOS ANGELES, CA (Catholic ... continue reading

Swiss farmer finds 4,000 extremely rare Roman coins in his orchard Watch

Image of The cache of coins is estimated to be more than 1,700 years old.


A Swiss farmer was tilling his orchard in Ueken, in the northern canton of Aargau, Switzerland, when he spotted something shiny on the ground. He had inadvertently stumbled across a treasure trove of Roman-era coins - 4,166 in all, some dating as back as 274 ... continue reading

Five people indicted by Vatican in 'Vati-leaks' scandal Watch

Image of Journalists Gianluigi Nuzzi and Emiliano Fittipaldi (pictured), had both recently published books, citing specific Vatican documents detailing waste, mismanagement, and greed.


A judge, rendering a decision in a scandal involving Vatican finances has indicted five people, which include two journalists and a Vatican monsignor. Information linking the Vatican to financial malfeasance, as well as related graft and corruption called ... continue reading

Massacre in France is a Piecemeal Third World War, and Jesus is the Path to Peace Watch

Image of With tenderness, Jesus looked out from the Mount of Olives and saw the Holy City of Jerusalem. How he loved - and still loves - that special City. Then, Jesus wept. The Word Incarnate, made a man like us in all things but sin, cried. He knew that the City of Jerusalem would soon be overtaken and destroyed by the armies of Titus. He wept the tears of Love - and revealed the compassion of His Sacred Heart

By Deacon Keith Fournier

Do we recognize the time of our own visitation? God is present in our world today. He wants to  speak, to lead, to serve, to heal and to save. He is not to blame for the mess we are in. We are!  Those who purport to be representing their "God"  as ... continue reading

ISIS targets Vatican -Italy's U.S. Embassy warns American travelers to stay away Watch

Image of ISIS released a poorly-photoshopped image of their flag flying atop the Vatican.


Italy's United States Embassy issued a security alert to Americans in Europe as ISIS reveals attack plans on specific buildings including the Vatican and the La Scala opera house in Milan. LOS ANGELES, CA (Catholic Online) - In an email with the subject line "Security ... continue reading

SICK, EVIL GESTURE: ISIS gives social media campaign sickening spin Watch

Image of Islamic State, along with other sick individuals and groups, are offering a transparent overlay of the French tricolors - with a muddy boot footprint, to show their support for last week's terrorist attacks in Paris.


It's an especially diabolical move intended to disrupt the activities of the social media generation. Encouraged to show their solidarity with the nation of France, users on Facebook and Instagram have been encouraged to cover their profile pictures with a transparency ... continue reading

All Europe News


Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • St. Catherine of Alexandria: Saint of the Day for Wednesday, November ...
  • 'Domestic terrorism': 5 People shot during Black Lives Matter protest ...
  • Daily Readings for Wednesday, November 25, 2015
  • Prayer For Courage HD
  • 5 unbelievable times children taught us to be better human beings
  • Advent Wreath Prayer HD
  • Couple heartbroken after doctor performs abortion without mother's ...

Daily Readings

Reading 1, Daniel 2:31-45
31 'You have had a vision, Your Majesty; this is what you saw: a statue, ... Read More

Psalm, Daniel 3:57, 58, 59, 60, 61
57 Bless the Lord, all the Lord's creation: praise and glorify him for ... Read More

Gospel, Luke 21:5-11
5 When some were talking about the Temple, remarking how it was adorned ... Read More

Saint of the Day

Saint of the Day for November 24th, 2015 Image

St. Andrew Dung Lac
November 24: Through the missionary efforts of various ... Read More