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 July 2015
Universal:
That political responsibility may be lived at all levels as a high form of charity.
Evangelization: That, amid social inequalities, Latin American Christians may bear witness to love for the poor and contribute to a more fraternal society.



Comments


More Europe

Vatican withdraws support of 'questionable' anti-human trafficking initiative Watch

Image of It has been noticed in recent days that the Global Freedom Network's representative from the Holy See, Archbishop Marcelo Sanchez Sorondo, had left the group's executive board.

By CNA/EWTN News

Faithful to its commitment against human trafficking, the Holy See has left the board of an initiative it helped to found, as questions have been raised around both its effectiveness and its chair's possible use of the Pope to raise funds. Vatican City ... continue reading


Romans not enthusiastic over Pope Francis' declaration of a Jubilee Year in Rome Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

A Jubilee Year was officially declared by Pope Francis in Rome, as it expected for millions of pilgrims to gather around the city to observe the celebration. However, Romans are less enthusiastic and more worried, as Rome is in crisis following the discovery of ... continue reading


French locals not happy about King Salman of Saudi Arabia's three-week Riviera vacation Watch

Image of King Salman visits the Riviera Beach in France together with 1,000 of his entourage.

By Linky C. (NEWS CONSORTIUM)

The King of Saudi Arabia, King Salman was scheduled to arrive in France Friday for a holiday trip at the Riviera Beach. The King was expected to arrive together with 1,000 of his entourage. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - King Salman's visit was ... continue reading


Islamic State may use store-bought drones to launch terror attacks at British sporting events Watch

Image of ISIS could easily get its hands on cheap drones, with more than 127,000 being bought and sold on online auction site eBay in the last year alone.

By Catholic Online (NEWS CONSORTIUM)

Drones, unmanned aerial devices that can now be commercially purchased by civilians, may be used by Islamist State for terrorist attacks at British sporting events. The sick terror group would use the devices to drop explosives on to playing fields, and use the ... continue reading


New financial rules reveal Vatican had a billion euros off the books Watch

Image of The statements were prepared by the Prefecture for the Economic Affairs of the Holy See, the Vatican's budget management office.

By Catholic Online (NEWS CONSORTIUM)

The Holy See reports €1 billion in net assets never before reported, and in a consolidated form. This was part of the revelations that came under new reporting procedures more in line with international accounting standards. LOS ANGELES, CA (Catholic Online) - ... continue reading


Romans lose hope for city, fear mayor is too weak to conquer political scandals Watch

Image of

By Hannah Marfil (NEWS CONSORTIUM)

Arrests of powerful political figures in Rome continuously add up. After discoveries of corruption and mafia linkages, Romans feel more burdened over their falling apart home. Although the current mayor proved to be free from any criminal accusations linked to ... continue reading


Horrific female genital mutilation becomes shocking factor in many areas of England Watch

Image of Despite there being a lot of cases against FGM in England, there have been no prosecutions.

By Nikky Andres (NEWS CONSORTIUM)

Due to mass immigration, female genital mutilation (FGM) has made its way to the United Kingdom. Female genital mutilation is the practice of cutting off a girl's clitoris and labia before stitching up the vulva. According to recent reports, this damaging practice is ... continue reading


Quran manuscript, at 1,500 years old, may be the oldest one discovered to date Watch

Image of The leaves of parchment date back to A.D. 568 and A.D. 645.

By Catholic Online (NEWS CONSORTIUM)

After initiating radiocarbon dating, measuring the age of the parchments organic materials, researchers are confident they have found the oldest surviving copies of the Quran. University of Birmingham scholars in the United Kingdom say the parchment was produced within ... continue reading


Prince George turns two! Take a look at some of our favorite moments from the royal toddler's life Watch

Image of Prince George in December 2014.

By Hannah Marfil (NEWS CONSORTIUM)

Prince George, the firstborn of the Duke and Duchess of Cambridge, turned two recently and reportedly celebrated with a private tea party at his home in Norfolk. The young, cheeky prince has been in the media spotlight ever since the announcement of Kate's pregnancy. ... continue reading


Shocking footage of horrifying MH17 airplane crash captures HUMAN BODIES falling from the sky (VIDEO) Watch

Image of

By Atarah Haely (NEWS CONSORTIUM)

An amateur video, shot with a mobile phone, was released over the Internet revealing horrifying and disturbing moments from the MH17 crash in a Ukrainian field. The video was shot by a traumatized couple who witnessed the victims fall from the sky. The shakey footage ... 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, Leviticus 25:1, 8-17
1 Yahweh spoke to Moses on Mount Sinai and ... Read More

Psalm, Psalms 67:2-3, 5, 7-8
2 Then the earth will acknowledge your ways, and all ... Read More

Gospel, Matthew 14:1-12
1 At that time Herod the tetrarch heard about the ... Read More

Saint of the Day

Saint of the Day for August 1st, 2015 Image

St. Alphonsus Marie Liguori
August 1: Bishop, Doctor of the Church, and the founder of the ... 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