Vatican Monsignor Arrested Second Time for Illicit Financial Dealings

Monsignor Nunzio Scarano has some ‘splainin’ doing following a second arrest involving Vatican funds (Image: AP)

You dead wrong whenever you think you’ve heard the craziest embezzlement story in the history of man, along comes another one to prove. Such is the truth of the Vatican monsignor trial that is already awaiting costs of plotting to smuggle 20 million euros ($30.8 million) into Italy out of Switzerland, brain you whom has been charged individually for allegedly using their access to Vatican bank accounts to launder money.

Millions of Euros Moved Around

Referred to as ‘Monsignor 500’ because that is reportedly his cash that is favorite denomination Monsignor Nunzio Scarano ended up being arrested by economic authorities in Salerno within the south of Italy, after police say he used fictitious donations from offshore organizations to maneuver an incredible number of euros through his Vatican Institute for Religious Functions accounts.

When police caught up with Salerno last week, they certainly were able to confiscate 6.5 million euros well worth of bank accounts and real estate holdings, including a luxury condo occupied by Salerno himself that was decked out with high priced artwork and collectibles.

A local priest was placed under house arrest while a notary public received a suspension for their alleged roles in the money-laundering scheme along with Salerno. But evidently the tentacles were far-reaching on this episode; authorities say that 52 individuals all told are under scrutiny for possible participation as well.

In what may be among the comedy lines that are best of the 12 months, Scarano’s attorney Silverio Sica told the court that although their client took in contributions from folks he thought were legit to pave the method for a property for the terminally ill, he actually utilized the funds to cover off their own home loan.

Well certain, that may happen to anyone.

‘We continue to strongly retain the faith that is good of Nunzio Scarano and his absolute certainty that the cash came from genuine donations,’ Sica said.

Arrest Numero Due

This latest investigation follows one already mid-process that began last June in Rome, when Scarano had been arrested for alleged smuggling activities. The Monsignor has certainly been one fella that is busy you need to give him that much.

In cases like this, prosecutors allege that Scarano and also a financier and carabinieri (national police that is military came up with an elaborate plot that will involve moving €20 million, via private jet transport, from Switzerland into Italy, aided by the goal of avoiding paying any customs duties. It all blew up when the unnamed financier pulled from the plot during the eleventh hour; it’s unclear if he then went to authorities or perhaps not.

Scarano’s attorney Sica claims his client was just the middleman in that one. Because evidently, that’s not illegal.

Police now think that cash for both instances could have originated with all the D’Amico family members, a prominent Italian shipping dynasty. They say that more than €5 million received to Scarano by overseas companies which could back be traced to the D’Amicos.

Authorities say that straight back in 2009, Scarano withdrew €555,248 from his Vatican account, moving it into Italy proper. In order to avoid suspicion, police report, Scarano elicited the aid of 50 acquaintances, convincing them to take €10,000 each; he then got in checks or wire transfers within the same amounts.

Utilizing a company of which Scarano had partial ownership, the Monsignor then used the gathered monies to spend off said home loan on one of his properties.

No one from the D’Amico family has yet been arrested or charged, while the household has denied any involvement via a PR company. They exude from Salerno as well.

Scarano was fired following the initial arrests; evidently embezzlement fees do not look great on your resume when you’re an accountant in just one of the entire world’s wealthiest organizations. It’s all love and peace unless you start messing with all the money, and Vatican prosecutors seized €2.3 million that remained in Scarano’s accounts following his arrest.

Now the Vatican’s top prosecutor says the Holy See is cooperating with Italian authorities, and asking for help inturn, in order to get to the base of this case that is money-laundering end all money-laundering cases. Based on the Vatican’s own interior investigations, Scarano’s busy banking activities showed as much as €7 million moving inside and out of their Vatican accounts throughout the final ten years.

Along with Salerno’s firing in June came the resignations of two banking that is top within the Vatican, and the ironically delightful call for the entire world’s most powerful religious company to adjust international anti-money-laundering standards.

It now seems no one less than Pope Francis himself has called for major Vatican banking reforms, and has even created a commission to expedite that effort.

Scarano is on house arrest due from what is known as his ailing health. Evidently arrest number 2 will not change that mode of punishment. We’re just a little confused if he is still in the apartment that is fancy or if he’s now relocated to more modest digs.

Wynn Mocks Mohegan Sun Massachusetts Casino Plans

Steve Wynn explained he sees his Everett, Mass. casino project as more advanced than Mohegan Sun’s when addressing the Massachusetts Gaming Commission (Image: (MIKE CLARKE/AFP/Getty)

The battle for a Boston-area casino has been embroiled for months now, between regulatory nitpicking, changes in locale based on voting referendums, plus some departures by major players who got sick of working with whatever they perceived as ridiculous bars for business dealings. In fact, you could call it ‘The Brash therefore the Dutiful.’

Wynn Speaks Out

In our episode that is latest of this detergent opera a week ago, it was iconic casino impresario Steve Wynn vs. the Mohegan Sun, and Wynn wasn’t mincing words as he indian dreaming slot machine free addressed the Massachusetts Gaming Commission, either. Only his Everett, Mass. casino task or Mohegan Sun’s with partner Suffolk Downs in Revere can take the single operating that is coveted, and Wynn is not famous to be coy.

‘I’m being hard-nosed today because today is not about theater, today is exactly how we get a destination resort up and running in Massachusetts,’ said Wynn, who continued to produce fun of the Mohegan Sun proposition, referring to it as a three-star resort versus what he promised would be a five-star casino should Wynn Resorts, Ltd. capture the single license.

Both Wynn and Mohegan Sun’s CEO Mitchell Etess made presentations to the commission, but their styles differed greatly. But both assured the commissioners that their task would perform some most to construct employment, forward tax revenue towards the state, and draw a good tourism that is global to Massachusetts.

‘ We now have the ‘wow’ that this market wants and what Massachusetts deserves,’ said Mitchell Etess, primary executive of the Mohegan Tribal Gaming Authority, within a presentation that is 90-minute included charts, videos and architectural models.

Steve Wynn took a different approach, doing his presentation in less that 60 moments, and offering it up mostly unscripted and minus many visuals; then again again, he’s Steve Wynn. Same reason Sinatra don’t need any stage sets, you understand?

He declared that his Wynn Everett hotel rooms would be double the size of Mohegan Sun’s, and infinitely more luxe. Then he added that his task’s 19-story hotel towers simply made more sense than his competitor’s more horizontal architectural plan, saying the vertical design worked better for hotel visitors and distribution of things like room service that continue guests happy.

Mohegan Sun Must Pass Revere Referendum Vote

Mohegan Sun must still pass a February 25th referendum vote before it could even be formally considered for the casino project in Revere on land owned by Suffolk Downs, while Steve Wynn’s Everett project regarding the Mystic River will increase on the internet site of an old Monsanto plant if it is approved. Both sites lie regarding the outskirts of Boston.

Interestingly, a Mohegan Sun spokesman don’t deny Wynn’s claims that their resort could be a three-star property, but explained that that property would be the smaller of two resort hotels, with a larger one going for a designation that is four-star.

‘ We have old-fashioned New England know-how and New England values,’ Etess stated associated with Mohegan project; perhaps not a actually feature for a casino project.

Mohegan Sun joined up with partner Suffolk Downs after Caesars bowed away, as well as an East Boston locale referendum was shot down in November. Acknowledging that this has been a ‘whirlwind’ for their outfit, Etess said their company’s roots in Connecticut and Pennsylvania meant they possessed a following that is strong of Coast players to pull from.

Furthermore, Etess noticed that a Revere location offered easy access from several freeways, because well as general public transport and access from Logan airport terminal, which can be near by. He also made a snipe at Wynn Everett’s former chemical plant site, calling the Mohegan Sun site ‘clean,’ and promised to be open six months earlier than Wynn Everett, because well as bringing in more tax monies for hawaii.

Wynn shot back, saying the Monsanto site would be completely overhauled of any toxins that are possible and added that his casino would be the ‘worst nightmare’ for the 2 major Connecticut operators Mohegan Sun and Foxwoods.

‘If Wynn Resorts is selected, we’ve only one interest, this casino in Massachusetts,’said Wynn. ‘We don’t give a damn about Connecticut.’

Both sides had plenty of supporters; Suffolk Downs employees offered up thunderous applause when Mohegan Sun promised to maintain horse race at the Downs track, which may be a unit that is separate the casino itself.

MGM Resorts Overseas made their presentation to your commission later on in the week for their proposed Springfield casino task; they truly are the only company in the running for the western Massachusetts permit.

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