Articles Tagged with Vatican Bank corruption

Italian investigators have seized $30 million in the Vatican assets from another Italian bank when evidence was revealed that influential residents of Italy have used the Vatican Bank which has “offshore status” to hide fraud and tax evasion. This isn’t the first time the Vatican Bank has been implicated in wrongdoing. During the 1980’s it played a role in the fraudulent bankruptcy of another financial house, which inspired a plotline for Godfather III. Investigators are now digging deeper to examine the details of fraud and wrongdoing of the Vatican Bank and specifics on what is presently known are expected to be released including the names of tax evaders using the bank to evade taxes.