Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

1/22/2014 (1 year ago)

Catholic Online (www.catholic.org)

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.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

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 March 2015
Universal:
Scientists: That those involved in scientific research may serve the well-being of the whole human person.
Evangelization: Contribution of women: That the unique contribution of women to the life of the Church may be recognized always.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Europe

Polish priest performs mass exorcism on unknowing school kids Watch

Image of Polish Schoolchildren, attending what they thought was a religious camp honoring Lent were screaming and in tears when 37-year-old priest Tomas Wieczorek carried out a mass exorcism.

By Catholic Online (NEWS CONSORTIUM)

Polish Schoolchildren, attending what they thought was a religious camp honoring Lent were screaming and in tears when 37-year-old priest Tomas Wieczorek carried out a mass exorcism. LOS ANGELES, CA (Catholic Online) - The 1,000 young people, from schools in the ... continue reading


Defiant Catholic bishops openly diverge from Pope Francis and the Vatican Watch

Image of Bishop Bernard Fellay was a part of the rebellious SSPX.  (Switzerland, 29 June 2009/Denis Balibouse)

By Hannah Raissa Marfil (NEWS CONSORTIUM)

Rejecting Pope Francis and consecrating bishops without the approval of the Vatican, the ultra-traditionalist movement "The Resistance" is planning to expand by consecrating again a new generation of bishops. According to one of the French bishops, Jean-Michel Faure, ... continue reading


Putting best face forward, Krakow, Poland busies itself to host World Youth Day in 2016 Watch

Image of Excitement is in the air in Krakow, Poland. The metropolis is readying itself to host World Youth Day in 2016.

By Catholic Online (NEWS CONSORTIUM)

Excitement is in the air in Krakow, Poland. The metropolis is readying itself to host World Youth Day in 2016. As part of the renovations to host the over two million people who are expected to attend, the city has a new airport, improved road and rail links, a ... continue reading


Did a broken heart lead to mass slaughter? Germanwings co-pilot said to be 'depressed' and 'stressed' Watch

Image of Remembered as a friendly and funny personality, Andreas Lubitz had a life-long obsession to become a pilot. There is speculation that he feared his flying license - due to expire in just three months time would not have been renewed on medical grounds.

By Catholic Online (NEWS CONSORTIUM)

The willful destruction of himself - along with 149 other, innocent human beings, has the world scrambling for answers. Germanwings co-pilot Andreas Lubitz, who slammed his plane into mountainside earlier this week. Killing everyone onboard, remains a ... continue reading


DEADLY SECRET: Co-pilot of doomed Germanwings flight hid medical condition, authorities say Watch

Image of A terrible tragedy that left 150 people dead may have been the result of a frightened, insecure man hiding a medical condition. Investigators say that Germanwings copilot Andreas Lubitz was keeping an unspecified medical condition secret from others.

By Catholic Online (NEWS CONSORTIUM)

A terrible tragedy that left 150 people dead may have been the result of a frightened, insecure man hiding a medical condition. Investigators say that Germanwings copilot Andreas Lubitz was keeping an unspecified medical condition secret from others and had a ... continue reading


CO-PILOT LOCKED CAPTAIN OUT OF COCKPIT: Chilling last minutes of Germanwings Airbus crash revealed Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Investigators have recovered key information from the French Alps wrecked Germanwings Airbus A320's black box and voice recorder. The co-pilot, 28-year-old German, Andreas Lubitz, intentionally locked the captain out of the cockpit and deliberately crashed into a ... continue reading


STANDING FIRM: Nearly 500 British priests urge synod to stand firm on Communion for the remarried Watch

Image of An extraordinary synod last year provoked heated debate on the question of whether remarried Catholics should be permitted to receive Holy Communion, which was a proposal presented by retired German Cardinal Walter Kasper.

By Catholic Online (NEWS CONSORTIUM)

Nearly 500 British priests have signed a letter urging those attending this year's family synod to issue a "clear and firm proclamation" upholding Church teaching on marriage. An extraordinary synod last year provoked heated debate on the question of whether ... continue reading


Pope Francis sends message to families of victims in Germanwings' French Alps crash, as black box and cockpit recorder recovered Watch

Image of Families are hit with grief as the search for bodies continues.

By Abigail James (NEWS CONSORTIUM)

150 people were killed in the tragic Germanwings A320 Airbus crash in the snowy French Alps earlier this week. Pope Francis has come forward with some words of comfort for all those involved in the horrific accident. LOS ANGELES, CA (Catholic Online) - Pope Francis ... continue reading


GAS ATTACK FEARED: Islamist State may launch attack on London's Underground subway system Watch

Image of The 1995 sarin gas attack on the Tokyo subway killed 13 people. Experts now fear that Islamist State agents returning to the United Kingdom will launch similar offenses.

By Catholic Online (NEWS CONSORTIUM)

Islamic State militants returning to the United Kingdom could attack London Underground trains or football matches with chlorine gas. That is the frightening estimation from chemical weapons expert Hamish de Bretton-Gordon, a retired head of chemical and ... continue reading


Plane crash in French Alps: All 150 feared dead Watch

Image of

By Abigail James (NEWS CONSORTIUM)

An airplane carrying 150 people crashed Tuesday in the French Alps. All 144 passengers and six crew members are presumed dead. LOS ANGELES, CA (Catholic Online) A Germanwings Airbus A320 was traveling from Barcelona, Spain to Dusseldorf  Germany. During mid ... continue reading


All Europe News

Newsletters

Newsletter Sign Up icon

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

Daily Readings

Reading 1, Isaiah 50:4-9
4 Lord Yahweh has given me a disciple's tongue, for ... Read More

Psalm, Psalms 69:8-10, 21-22, 31, 33-34
8 I am estranged from my brothers, alienated from my ... Read More

Gospel, Matthew 26:14-25
14 Then one of the Twelve, the man called Judas ... Read More

Saint of the Day

Saint of the Day for April 1st, 2015 Image

St. Hugh of Grenoble
April 1: Benedictine bishop of Grenoble, France, patron of St. Bruno. He ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter