Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

1/22/2014 (6 months 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 (6 months 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'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for August 2014
Refugees:
That refugees, forced by violence to abandon their homes, may find a generous welcome and the protection of their rights.
Oceania: That Christians in Oceania may joyfully announce the faith to all the people of that region.



Comments


More Europe

Pontifical Council Statement on the Violence in Iraq Watch

Image of Let us therefore unite our voices with that of Pope Francis:

By Vatican Radio

No cause, and certainly no religion, can justify such barbarity. This constitutes an extremely serious offense to humanity and to God who is the Creator, as Pope Francis has often reminded us. VATICAN CITY (Vatican Radio) - The Pontifical Council for Interreligious ... continue reading


British rapper makes 14-year-old girl post sex video online Watch

Image of The girl, who can't be named for legal reasons, accepted a friend request from rapper Logik, whose real name is Kyle Burns.

By Catholic Online (NEWS CONSORTIUM)

It was a sick incident that highlights what's going on around the eyes and ears of semi-attentive parents. A British rapper who goes under the stage name of "Logik" asked a 14-year-old girl to pose an indecent 60-second video of herself to which he promised ... continue reading


A new tomb may be the burial place of Alexander the Great Watch

Image of This road leads up to a newly discovered tomb which could hold the remains of one of Alexander the Great's generals.

By Catholic Online (NEWS CONSORTIUM)

Archaeologists in Greece have discovered an immense tomb that they believe may be connected with Alexander the Great, whose conquests stretched from Greece to India. LOS ANGELES, CA (Catholic Online) - This tomb, which dates to around 300 BC, may have held the body ... continue reading


WRITTEN OFF: Debt used by Vatican to finance religious films wiped clean Watch

Image of The Vatican's at-the-time Secretary of State Tarcisio Bertone ordered the investment in Lux Vide SpA. He said the company shared the Holy See's

By Catholic Online (NEWS CONSORTIUM)

Pope Francis has tried to loosen ties between the Catholic Church and Italy's business and political world. The pontiff considers this longstanding network of relations improper and antithetical to the Church's religious mission. To this end, the Vatican has ... continue reading


Spanish priest stricken with Ebola returned to Europe for treatment; Victims left rotting in streets Watch

Image of Seventy-five-year-old Missionary Miguel Pajares, a Spanish priest has become the first person carrying the deadly Ebola virus to be brought back to Europe for treatment.

By Catholic Online (NEWS CONSORTIUM)

Seventy-five-year-old Missionary Miguel Pajares, a Spanish priest has become the first person carrying the deadly Ebola virus to be brought back to Europe for treatment. In the meantime, shocking new photographs have emerged showing more victims being dumped in ... continue reading


Pope Francis Teaches on the Beatitudes: Portrait of Jesus and the Path to Happiness Watch

Image of Let us try to recall them and to imprint them, in our hearts. Let's do this: I will say them one after the other and you will repeat them. Agreed? - Pope Francis

By Catholic Online

As Moses stipulated regarding the Covenant with God in accordance with the law received on Sinai, so Jesus, from a hill on the shore of Lake Galilee, gives to his disciples and to the crowd a new teaching that begins with the Beatitudes. Moses gave the Law on ... continue reading


WHAT HAVE WE BECOME: British mom jailed for having sex with 12-year-old son following instructions from boyfriend Watch

Image of The son in question, along with his brother, have been placed in foster care.

By Catholic Online (NEWS CONSORTIUM)

In an especially revolting example of bad parenting, a 39-year-old British mom has been jailed for having sex with her 12-year-old son . while her partner watched on webcam, telling the mother what to do over headphones. The mother described the act as a "sex ... continue reading


GRUESOME WEAPON: Made from four human pelvises, tool was used to desecrate corpses Watch

Image of Four pelvic bones on a stick were found at the Dutch site, along with bundles of bones, bones bearing marks of cutting and scraping, and crushed skulls.

By Catholic Online (NEWS CONSORTIUM)

Archaeologists have made a gruesome discovery. The bones of ancient Iron Age warriors around the time of Christ were impaled on wooden stakes in a gruesome religious ritual. Four pelvic bones on a stick were discovered in an archaeological dig in Denmark. ... continue reading


Spiritual Ecumenism: Pope Francis Visits Evangelical/Pentecostal Church in Caserta Italy Watch

Image of Pope Francis took a trip to Caserta, Italy on Monday, June 28, 2014. He visited with a friend named Giovanni Traettino who pastors an evangelical, charismatic/Pentecostal protestant Church.

By Deacon Keith A Fournier

Pope Francis took a trip to Caserta, Italy on Monday, June 28, 2014. He visited with a friend named Giovanni Traettino who pastors an evangelical, charismatic/Pentecostal protestant Church. This friend of Francis oversees the growing evangelical Church of the ... continue reading


France grants asylum to Iraqi Christians as U.S. rebuked for 'silence' Watch

Image of Representative Frank Wolf (R-Va.) said on the House floor,

By Catholic Online (NEWS CONSORTIUM)

As the genocide of Iraqi Christians continues, the French government now says it is willing to grant asylum to Iraqi Christians. "We are assisting displaced persons who are fleeing the Islamic State's threats and seeking refuge in Kurdistan," Foreign Minister ... 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, Ezekiel 43:1-7
1 He took me to the gate, the one facing ... Read More

Psalm, Psalms 85:9-10, 11-12, 13-14
9 His saving help is near for those who fear him, his ... Read More

Gospel, Matthew 23:1-12
1 Then addressing the crowds and his disciples Jesus ... Read More

Saint of the Day

Saint of the Day for August 23rd, 2014 Image

St. Philip Benizi
August 23: Servite cardinal and preacher. Born in Florence, Italy, to a ... 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