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Vatican Monsignor Arrested time that is second Illicit Financial Dealings

Monsignor Nunzio Scarano has some ‘splainin’ to do 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 case of a Vatican monsignor already awaiting trial on costs of plotting to smuggle 20 million euros ($30.8 million) into Italy out of Switzerland, head you who has been charged individually for presumably utilizing their access to Vatican bank accounts to launder money.

Millions of Euros Moved Around

Referred to as ‘Monsignor 500’ because that is apparently his favorite cash denomination, Monsignor Nunzio Scarano had been arrested by financial authorities in Salerno within the south of Italy, after police say he used 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 a week ago, these people were able to confiscate 6.5 million euros worth of bank accounts and real estate holdings, including a luxury condo occupied by Salerno himself that was decked out with expensive artwork and antiques.

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

In just what may be among the best comedy lines associated with the 12 months, Scarano’s attorney Silverio Sica told the court that although his customer took in donations from folks he thought were legit to pave the method for a house for the terminally ill, he really used the funds to cover off his or her own mortgage.

Well certain, which could happen to anyone.

‘We continue to strongly retain the faith that is good of Nunzio Scarano and his absolute certainty that the cash originated in legitimate donations,’ Sica stated.

Arrest Numero Due

This investigation that is latest follows one already mid-process that began last June in Rome, when Scarano was arrested for alleged smuggling activities. The Monsignor has certainly been one fella that is busy you have 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 having an elaborate plot that will involve going €20 million, via private jet transportation, from Switzerland into Italy, with the goal of avoiding paying any customs duties. It all blew up when the unnamed financier pulled from the plot at the eleventh hour; it’s unclear then went to authorities or not if he.

Scarano’s lawyer Sica claims his client was simply the middleman for the reason that one. Because evidently, that’s not unlawful.

Police now think that money for both instances could have originated using the D’Amico family, a prominent Italian shipping dynasty. They state that a lot more than €5 million were given to Scarano by overseas companies that may be traced right back to the D’Amicos.

Authorities say that back in 2009, Scarano withdrew €555,248 from his Vatican account, going 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 returned checks or wire transfers in the same amounts.

Using a company of which Scarano had partial ownership, the Monsignor then used the gathered monies to pay 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 rejected any involvement via a PR firm. They emanate from Salerno as well.

Scarano was fired following the arrests that are initial evidently embezzlement charges don’t look great on your resume once you’re an accountant in another of the world’s wealthiest organizations. It is all love and peace before you start messing with 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 seeking help in exchange, so that you can get towards the base of this case that is money-laundering end all money-laundering cases. Based on the Vatican’s own internal investigations, Scarano’s busy banking activities showed as much as €7 million moving in and out of their Vatican accounts throughout the past a decade.

Along with Salerno’s firing in June came the resignations of two top banking managers within the Vatican, and the ironically delightful necessitate the entire world’s most powerful religious organization to adapt international anti-money-laundering standards.

It now seems no one lower than Pope Francis himself has required major Vatican banking reforms, and has also created a commission to expedite that effort.

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

Wynn Mocks Mohegan Sun Massachusetts Casino Plans

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

The battle for the Boston-area casino has been embroiled for months now, between regulatory nitpicking, changes in locale based on voting referendums, and some departures by major players who got sick of coping with whatever they perceived as ridiculous bars for company dealings. In reality, you could call it ‘The Brash and 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 wasn’t mincing words as he addressed the Massachusetts Gaming Commission, either. Only his 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 on how we get a destination resort up and running in Massachusetts,’ said Wynn, who continued to make fun of the Mohegan Sun proposition, talking about it as being a three-star resort versus what he promised would be a five-star casino should Wynn Resorts, Ltd. capture the license that is sole.

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 do the most to construct employment, forward tax revenue towards the state, and draw a very good global tourism market to Massachusetts.

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

Steve Wynn took an approach that is different doing his presentation in less that 60 mins, and offering it up mainly unscripted and minus many visuals; however again, he is Steve Wynn. Same explanation Sinatra did not require any stage sets, you know?

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

Mohegan Sun Must Pass Revere Referendum Vote

Mohegan Sun must still pass a February referendum that is 25th before it could even be officially considered for the casino project in Revere on land owned by Suffolk Downs, while Steve Wynn’s Everett project on the Mystic River will go up on the website of an old Monsanto plant if it is authorized. Both web sites lie in the outskirts of Boston.

Interestingly, a Mohegan Sun spokesman didn’t reject Wynn’s claims that their resort would have been a three-star property, but explained that that property would be the smaller of two hotels, with a bigger one going for a four-star designation.

‘ We have old-fashioned New England knowledge and New England values,’ Etess stated of the Mohegan project; perhaps not a actually 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 it’s been a ‘whirlwind’ for his outfit, Etess said his organization’s roots in Connecticut and Pennsylvania meant they had a strong following of East Coast players to pull from.

Additionally, Etess remarked that a Revere location offered access that is easy several freeways, since well as general public transport and access from Logan International Airport, that will 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 likely be operational six months earlier than Wynn Everett, as well as bringing in more tax monies for hawaii.

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

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

Both sides had a good amount 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 unit that is separate the casino itself.

MGM Resorts Overseas made their presentation to the commission later on in the week for their proposed Springfield casino task; they’re the only business in the running for the western Massachusetts permit.