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The Great Vatican Bank Scandal

1978-1982




John Paul II and Banco Ambrosiano swindled investors of hundreds of millions of dollars

to finance Contra death squads to crush the revolution of the poor in Central America.¹

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¹Court of Cassation, Rome, Italia vs. Ambrosiano ‘84. To the best the courts could determine, hundreds of millions transferred to Panamanian and Nicaraguan ghost companies was drawn down by the CIA’s Contras during the time (’79-’81) the left-wing President Carter would not support them.   




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 Some Victims in the Bank Scandal

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Albino Luciani: John Paul I. Unlike the Polish Pope who would succeed him, he supported the revolution of the poor in Central America against the coalition of the CIA and ruling juntas. If he was successful, the United States would have been looking at a half dozen mini-Cubas sitting in its backyard.

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Roberto Calvi: President Banco Ambrosiano. wrote a private letter to John Paul II on June 5 1982: "Unless the Pope satisfied the demands of investors, Calvi would expose the Pope's role in planning the bank swindle and provoke a catastrophe in which the Church would suffer the gravest of damages..." ¹  


June 17 1982: Calvi is found hanging under a London bridge, believed lured there by hired Mafia hitmen on guise of a Vatican deal to bail him out.²


June 17, 1982: Calvi's secretary Teresa Corrocher is    found on sidewalk under her hi-rise office window.²

 

¹Banca Italia vs. Ambrosiano, Milan '84. Search Wikipedia: Roberto Calvi 

² at first considered suicide. Later determined to be murder.

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Author's comments`
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There is always the chance of coincidence. The only two people outside the Vatican who knew of the letter happened to commit suicide a thousand miles apart at the same moment in time just days after John Paul II received the letter which imperiled his papacy.


                 


The courts did not learn of the letter until Calvi's wife and Corrocher's closest friend Clara Calvi presented a copy to the court in 1984. She pointed directly to the top: "The Pope had my husband and Teresa killed because they threatened to expose his role in planning the Central American bank fraud."¹  


¹ Court of Cassation, Rome, Italia vs. Ambrosiano Jun ‘84. The reader is reminded, though under oath, this was Clara's opinion based on her knowledge of the closest people in her life. Forensics determined the letter had been typed on Corrocher's typewriter (seized at the time of her death) and her fingerprints were found on the copy. The original letter remained in the Vatican because of diplomatic immunity.  Search Wikipedia: Roberto Calvi
     When questioned why she had delayed giving the letter to the court, CLara responded: "Blackmail is against the law... Terry (Teresa) and my husband were involved in blackmail..."


  

The scam required actions of four men

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Paul Marcinkus: President of IOR which guaranteed  notes in the bank scandal. On his first day in office, John Paul II changed Marcinkus' reporting status directly to the Papacy. The next day, the Polish Pope and Banco Ambrosiano swindled the first dollars from an investor in 'The Ambrosiano Bank Scandal' ¹

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Bishop Casaroli: Made a cardinal and raised past two hundred others who outranked him to the top Vatican job Secretary of State by John Paul II. He was one of two bishops residing in the papal palace the night John Paul I died.²       

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Bishop Caprio:
Made a cardinal and raised past three hundred who outranked him to the 2nd Vatican post Prefect of Economic Affairs by John Paul II. He was  one of two bishops residing in the papal palace the night John Paul I died.²   

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As president and treasurer of the Vatican’s central bank (The Patrimony of the Holy See), Casaroli and Caprio controlled the flow of scandal funds from the Vatican to Nicaraguan and Panamanian ghost shells. 


John Paul II: Ten days after Clara Calvi presented the letter in 1984, the Pope
paid the courts $241 million for his role in the Ambrosiano swindle in partial atonement of the 7th commandment 'Thou shalt not steal.'³ This did not atone for any role he may have played in the 5th commandment 'Thou shalt not kill.
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¹ Latour v. Ambrosiano tribunal, Paris '83
² Casaroli and Caprio were cousins in the Gambino family. It was not unusual for Mafia family members to rise to high Curial posts as they were the largest contributors to the Church.

³ Court of Cassation, Italia vs. Ambrosiano Jun ‘84   

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Search: The Patrimony of the Holy See central bank Wikipedia or other reliable sources


In the scandal, Paul Marcinkus' IOR (wrongly called the Vatican Bank) was the business. The Patrimony (Casaroli and Caprio) was the bank. Money leaving any country must pass through its central bank. 



Aftermath
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In November 1990, a week after a leak in the London Times revealed the world's foremost authority on the Vatican and world politics Avro Manhattan was writing a book linking the CIA and John Paul II to the murder of John Paul I, his wife returned from abroad to find him dead in their South Shields home.¹
  'The Vatican Murders' proves Manhattan's premise: 

The conspiracy that planned the Ambrosiano Bank Scandal was the same conspiracy that plotted the Murder of John Paul I. 
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¹ the reason there is no cause or date of death in his biographies


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