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Ex-head of Vatican bank convicted of embezzlement, money laundering

Ex-head of Vatican bank convicted of embezzlement, money laundering

Angelo Caloia, a former Vatican bank head, has been convicted of embezzlement and money laundering by a Vatican court. Caloia, 81, was the president of Institute for Works of Religion, commonly known as the Vatican bank, from 1999 to 2009. He was given an 8-year-11-month jail sentence. Two others – Gabriele Liuzzo, 97, and his son Lamberto Liuzzo, 55 – were also convicted and handed same sentence.

Simone
Simone
Jon12
Jon12 0 months

The vatican needs to be disbanded and the wealth shared

Patrick
Patrick 0 months

To the surprise of absolutely no one.

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