Catholic World News
Vatican investments were used in Italian bank fraud
December 18, 2019
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CWN Editor's Note: Funds invested by the Vatican played a key role in a scheme by an Italian bank to route money back into itself. The bank was eventually shut down. The illegal scheme produced heavy management fees for Raffaele Mincione, the Italian financier who is also involved in questionable investments by the Secretariat of State.
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