Monsignor Nunzio Scarano has some ‘splainin’ to do after a second arrest involving Vatican funds (Image: AP)
When you think you’ve heard the craziest embezzlement story in the reputation for man, along comes another one to show you dead incorrect. Such is the actual situation of a Vatican monsignor trial that is already awaiting costs of plotting to smuggle 20 million euros ($30.8 million) into Italy out of Switzerland, mind you who has been charged individually for allegedly utilizing his access to Vatican bank accounts to launder money.
Millions of Euros Moved Around
Referred to as ‘Monsignor 500’ because that is reportedly his favorite money denomination, Monsignor Nunzio Scarano was arrested by economic authorities in Salerno into the south of Italy, after police say he utilized fictitious donations from overseas businesses to go an incredible number of euros through his Vatican Institute for Religious Functions accounts.
When police caught up with Salerno week that is last these people 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 antiques.
Along with Salerno, a local priest was placed under house arrest while a notary public received a suspension for their alleged roles into the money-laundering scheme. But evidently the tentacles were far-reaching on this episode; authorities say that 52 people all told are under scrutiny for possible involvement as well.
In exactly what may be one of the best comedy lines of this year, Scarano’s attorney Silverio Sica told the court that although their customer took in donations from folks he thought had been legit to pave the way for a home for the terminally ill, he actually utilized the funds to cover off their own home loan.
Well certain, that could happen to anyone.
‘We continue to strongly retain the faith that is good of Nunzio Scarano and his absolute certainty that the funds originated in genuine donations,’ Sica said.
Arrest Numero Due
This latest investigation follows one already mid-process that began final June in Rome, when Scarano was arrested for alleged smuggling activities. The Monsignor has certainly been one busy fella, you have to give him that much.
In this case, prosecutors allege that Scarano and also a financier and carabinieri (national police that is military came up by having an elaborate plot that will involve going €20 million, via personal jet transport, from Switzerland into Italy, using the goal of avoiding having to pay any customs duties. It all blew up when the unnamed financier pulled out of the plot at the eleventh hour; it’s unclear if then went to authorities or not.
Scarano’s lawyer Sica claims his client was simply the middleman in that one. Because apparently, that’s not unlawful.
Police now think that cash for both instances could have originated because of the D’Amico family, a prominent Italian shipping dynasty. They do say that a lot more than €5 million were given to Scarano by offshore companies which could be traced straight back 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 aid from 50 acquaintances, convincing them to simply take €10,000 each; he then got in checks or wire transfers within the same amounts.
Utilizing a business of which Scarano had partial ownership, the Monsignor then used the gathered monies to spend off said home loan on one of his properties.
Nobody from the D’Amico family has yet been arrested or charged, therefore the grouped household has denied any involvement via a PR firm. They emanate from Salerno as well.
Scarano was fired following the arrests that are initial evidently embezzlement fees don’t look great on your resume when you’re an accountant in another of the entire world’s wealthiest organizations. It’s all love and peace until such time you begin messing aided by the money, and prosecutors that are vatican €2.3 million that remained in Scarano’s accounts following their arrest.
Now the Vatican’s top prosecutor says the Holy See is cooperating with Italian authorities, and asking for help in exchange, to be able to get towards the base of this money-laundering case to end all money-laundering cases. According to the Vatican’s very own internal investigations, Scarano’s busy banking activities showed as much as €7 million going inside and out of their Vatican accounts throughout the last a decade.
Along with Salerno’s firing in June came the resignations of two banking that is top within the Vatican, and the ironically delightful demand the entire world’s most powerful religious organization to adjust international anti-money-laundering standards.
It now appears no one less than Pope Francis himself has called for major Vatican banking reforms, and has also developed a commission to expedite that effort.
Scarano is on house arrest due to what is known as his ailing wellness. Evidently arrest no. 2 will maybe not alter that mode of punishment. We’re just a little confused if he’s 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 clarified he sees their Everett, Mass. casino project as superior to Mohegan Sun’s whenever 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 tired of working with what they perceived as ridiculous bars for business transactions. In reality, you could call it ‘The Brash plus the Dutiful.’
Wynn Speaks Out
In our latest episode of this detergent opera a week ago, it was iconic casino impresario Steve Wynn vs. the Mohegan Sun, and Wynn had beenn’t mincing words as he addressed the Massachusetts Gaming Commission, either. Only their Everett, Mass. casino project or Mohegan Sun’s with partner Suffolk Downs in Revere can hold the single coveted operating license, and Wynn is not famous to be coy.
‘I’m being hard-nosed today because today is not about theater, today is how we get a destination resort up and running in Massachusetts,’ said Wynn, who went on to produce fun of the Mohegan Sun proposal, discussing 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 significantly. But both assured the commissioners that their project would perform some most to construct employment, forward tax revenue to your state, and draw a solid tourism that is global to Massachusetts.
‘ We now have the ‘wow’ that this market desires and what Massachusetts deserves,’ said Mitchell Etess, main executive of the Mohegan Tribal Gaming Authority, throughout a 90-minute presentation that included charts, videos and architectural models.
Steve Wynn took a different approach, doing his presentation in less that 60 mins, and offering it up mostly unscripted and minus many visuals; however again, he’s Steve Wynn. Same explanation Sinatra did not need any phase sets, you realize?
He declared that his Wynn Everett hotel rooms would be double how big is Mohegan Sun’s, and infinitely more luxe. Then he added that their project’s 19-story hotel towers simply made more sense than his competitor’s more horizontal architectural plan, saying the straight design worked better for resort guests and delivery of things like room solution 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 officially considered for its casino project in Revere on land owned by Suffolk Downs, while Steve Wynn’s Everett project in the Mystic River will go up on the site of a old Monsanto plant if it is authorized. Both web sites lie regarding the outskirts of Boston.
Interestingly, a Mohegan Sun spokesman did not reject Wynn’s claims that their resort will be a three-star property, but explained that that property will be the smaller of two hotels, having a larger one going for a designation that is four-star.
‘ We now have old-fashioned brand New England knowledge and New England values,’ Etess stated of this Mohegan project; maybe not a really selling point for a casino project.
Mohegan Sun joined up with partner Suffolk Downs after Caesars bowed out, as well as an East Boston locale referendum was shot down in November. Acknowledging that this has been a ‘whirlwind’ for his outfit, Etess said his company’s roots in Connecticut and Pennsylvania meant they had a strong following of East Coast players to pull from.
Also, Etess pointed out that a Revere location offered comfortable access from several freeways, as well as general public transport and access from Logan International Airport, which can be close by. He also made a snipe at Wynn Everett’s previous chemical plant site, calling the Mohegan Sun site ‘clean,’ and promised to most probably six months earlier than Wynn Everett, because well as bringing in more tax monies for the state.
Wynn shot straight back, saying the Monsanto site would be completely overhauled of any feasible toxins, and added that his casino is the ‘worst nightmare’ for the 2 major Connecticut operators Mohegan Sun and Foxwoods.
‘If Wynn Resorts is chosen, we’ve just 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 during the Downs track, which will be a separate device from the casino itself.
MGM Resorts International made their presentation towards the commission later on in the week for his or her proposed Springfield casino project; they truly are the company that is only the running for the western Massachusetts permit.