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

Pope Francis warns against conspiracy theories at the synod Watch

Image of Pope Francis warns bishops about the conspiracy theories revolving around the upcoming synod.


At a global Church meeting, Pope Francis warned bishops against conspiracy theories that have been circulating to an attempt to manipulate the synod. LOS ANGELES, CA (Catholic Online) -Vatican spokesman Federico Lombardi confirmed the authenticity of reports claiming ... continue reading

Goodwill not welcomed everywhere as German TV show depicts 'Muslim Merkel' image Watch

Image of The producers of the show defended the image.


German Chancellor Angela Merkel's welcoming of Middle Eastern refugees is not being wholly embraced in her homeland. Complaints have risen about the sudden influx of Muslim immigrants in this largely catholic nation. ARD television broadcasted a mocked-up ... continue reading

CHURCH SHOCKER: Gay and pedophile priests sent to monastery for 'sex cures' Watch

Image of In the wake of recent sex scandals, it has been discovered that the Vatican sends priests

By Catholic Online (NEWS CONSORTIUM)

In the wake of recent sex scandals, it has been discovered that the Vatican sends priests "with inappropriate sexual tendencies" to a special monastery in the Alps for a purported cure. It has been learned that homosexual, pedophile and drug addicted clergy ... continue reading

Anti-Semitic violence runs rampant through Europe Watch

Image of


A top European Union official has warned of increasing anti-Semitism in Europe, as there are mounting threats and attacks against Jews in Europe's member countries.  BRUSSELS, EUROPE (Catholic Online) - The Vice President of the European Commission, Frans ... continue reading

Is ancient Greek tomb for Alexander the Great's friend Hephaestion? Debate continues Watch

Image of After his death in 325 B.C., Alexander the Great reportedly ordered that shrines be constructed throughout the empire. Hephaestion died less than a year before the Macedonian leader.

By Catholic Online (NEWS CONSORTIUM)

Archaeologist Katerina Peristeri declared that the mysterious Amphipolis monument is a tomb to Hephaestion, Alexander the Great's best friend who died less than a year before Alexander did.Fragmentary inscriptions link the monument to Hephaestion. Other archaeologists ... continue reading

10,000 copies of Germany's constitution was printed in Arabic to help nearly 800,000 migrants integrate Watch

Image of


Germany translated the first 20 articles of its constitution, which concerns basic rights such as freedom of speech, into Arabic for refugees to learn in an attempt to help immigrants integrate. LOS ANGELES, CA (Catholic Online) - At the moment, Germany struggles to ... continue reading

Segregation of Jewish and Muslim pupils in a French school echoes chilling Nazi segregation Watch

Image of


Jewish and Muslim students at the Piedallous primary school in Auxere, Burgundy were ordered to wear disks around their necks. The incident brought with it memories of Nazi segregation and caused an uproar. LOS ANGELES, CALIFORNIA (Catholic Online) - Daily Mail ... continue reading

German refugee camps plagued with rape and child abuse Watch

Image of The European migrant crisis continues to grow. Rape and sexual abuse are already being reported inside German refugee camps.


Rape and sexual abuse is now becoming a major problem in several German refugee asylums as the country tries to cope with their migrant crisis. HOLLYWOOD, CA (Catholic Online) - Refugees are facing several problems inside overcrowded refugee centers across the country ... continue reading

OVERRUN AND OUT OF PATIENCE: Immigrants quickly wear out welcome in Germany Watch

Image of In Germany, there are a few terrorist agents mixed in with those who say they are fleeing the brutal persecution of Islamic State, when in fact they themselves are ISIS.

By Catholic Online (NEWS CONSORTIUM)

Germany was lauded by the international community for taking in the large influx of immigrants feeling violence in Syria and Iraq. However . this generosity has a heavy price. Many of these so-called immigrants have left their native lands to make their ... continue reading

Expert confident forensic remains of fabled 'Mona Lisa' found Watch

Image of Most everyone is familiar with the image of a young woman with an enigmatic smile, her hands folded on her lap.

By Catholic Online (NEWS CONSORTIUM)

Leonardo Da Vinci's "Mona Lisa," perhaps the world's most famous painting, has cast a spell across the imagination. Lisa Gherardini, the wife of Florentine silk merchant Francesco del Giocondo, is thought to have been the portrait's model. Bone fragments have ... 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

Daily Readings

Reading 1, Joel 4:12-21
12 'Let the nations rouse themselves and march to the ... Read More

Psalm, Psalms 97:1-2, 5-6, 11-12
1 Yahweh is king! Let earth rejoice, the many isles ... Read More

Gospel, Luke 11:27-28
27 It happened that as he was speaking, a woman in ... Read More

Saint of the Day

Saint of the Day for October 10th, 2015 Image

St. Francis Borgia
October 10: Francis was a young nobleman at the court of the King of Spain. ... Read More