The Great Vatican Bank Scandal



Upon the election of John Paul I, a disgruntled Polish cardinal

(John Paul II) contemplates his next move...

The Vatican-Contra Affair

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



¹Court of Cassation Rome Italia vs. Ambrosiano Jun '84 determined hundreds of millions were raised from misinformed investors by Banco Ambrosiano and routed thru the Vatican Bank to Panamanian and Nicaraguan ghost companies where it was drawn down by CIA-Contras during the time (’78-’81) left-wing President Carter would not support them. The first transaction took place on Oct 22, 1978, six days after John Paul II took office (Latour vs. Ambrosiano Paris).


On June 5 1982, after the scandal broke in the press, the President of Ambrosiano, Roberto Calvi, wrote a letter to John Paul II:


"I am tired, too tired... The limits of my patience have been overreached... I insist that all transactions concerning the political and economic expansion of the Church in Central America be reimbursed. The $1.287 billion I provided for military operations to crush the revolution of the poor that you ordered. Thanks to these operations, the Church can now boast an unprecedented authority in Nicaragua, Guatemala, El Salvador and Honduras.  Unless you satisfy the demands of investors, I will expose your role in planning the bank fraud which will provoke a catastrophe of unimaginable proportions in which the Church will suffer the gravest of damages..." ¹ 

On June 7, 1982 (unannounced for security reasons), Air Force One set down in Rome. Reagan was accompanied by William Casey and Robert McFarland who would later orchestrate the Iran-Contra Affair.¹ No one knows what was discussed. The only time in history a pope and a president met behind closed doors. Too, no one knows where the Pope got the $244 million that he paid the courts on the condition they not dig deeper.

Ten days after mailing his threatening letter, June 17, 1982, Calvi—lured to London by Opus Dei on the guise of a deal to bail him out—was found hanging under a bridge.2

On the same day, the secretary who typed the letter, Teresa Corrocher was found on the sidewalk under her Milan hi-rise window.

By coincidence the only two people who knew of the letter outside the Vatican, happened to be found dead a thousand miles apart at the same moment in time.  


¹ Iran-Contra Affair. Reagan bypassed a left-wing congress which had cut off finds to the Contras in the same way John Paul II had bypassed President Carter when he cut off funds to the Contras in the Vatican-Contra Affair.  Reagan sold arms to Iran funneling the proceeds to the Contras to crush the revolution of the poor in C.A.

²Italia vs. Ambrosiano, Milan '86. Search: Roberto Calvi Wikipedia

Both deaths were originally declared suicide. Courts have since proved Calvi and Corrocher were murdered. 


On May 10, 1984, Calvi's wife Clara testified in court. She pointed directly to the top:

"The Polish Pope had my husband killed because he would have exposed his role in having planned the bank fraud during the papacy of John Paul I which would have linked him to the murder of his predecessor. It is obvious they forced Teresa to write her note exonerating the Vatican in exchange for her life before throwing her out of the window. It is no coincidence that the only two people who knew of the threatening letter outside of the Vatican -- the man who wrote it and the secretary who typed it -- happened to commit suicide a thousand miles apart days after the Vatican received the letter.  It doesn't take a 'Sherlock Holmes' to determined who had my husband and my best friend killed."¹  

¹ Court of Cassation, Rome, Italia vs. Ambrosiano.  Clara Calvi's allegations were based on her knowledge of the two closest people in her life. The courts disregarded Clara's claims as to the letter as she failed to produce a copy. Regardless, two weeks later ...

On May 25, 1984, John Paul II paid the court $244 million in cash and $266 million in time deposits ($510 million in all) on the condition it close its probe of the Vatican's finances.¹ 

¹ Court of Cassation, Rome, Italia vs. Ambrosiano.  The courts did not secure a copy of the letter until 1986 when Calvi's missing briefcase showed up on a television show in Milan. In the brief case was a copy of the letter together with proof of delivery on June 6, 1982 signed by John Paul II's secretary Stanislaw Dziwisz. Both Calvi's and Corrocher's fingerprints were found on it. The courts never pursued the case per its agreement to drop the proceedings.

What was Clara Calvi referring to when she said "Calvi would have exposed John Paul II's role in having planned the bank fraud during the papacy of John Paul I which would link him to the murder of the 33-Day Pope"?

Two weeks before the death of John Paul I, the Polish cardinal (John Paul II) had met with Bishops Casaroli and Caprio in Genoa per the Genoa daily paper Genova Secolo XIX:

Translation: "Cardinal Wojtyla of Krakow arrived at the airport... Archbishop Casaroli and Bishop Caprio arrived by train to meet with the Polish cardinal."

No one knows what took place in Genoa. One could wonder what was so important that the Polish cardinal would travel back to Italy to meet with these men when he had just spent two weeks with them at the conclave that had elected John Paul I.

We know that NATO Commander Alexander Haig was in Genoa that week but do not know if he met with these men. 

We do know that Casaroli and Caprio were the only two bishops who shared the papal palace with John Paul I the night he died.

Soon after John Paul II was elected, Bishop Casaroli was raised past two hundred others who outranked him to the top Vatican post Cardinal Secretary of State (CEO).

Caprio was made a cardinal and raised past five hundred others who outranked him  to the 2nd ranking Vatican post Prefect of Economic Affairs (CFO).  

Casaroli and Caprio were made president and treasurer of the Vatican's Central Bank (Patrimony of the Holy See) which routed the swindled funds from the 'Vatican Bank' to Nicaraguan and Panamanian ghosts.

Note: Whenever an event is critical to the author's investigation, as in the case of Genoa meeting above, his book includes actual photostats of press reports together with translation and Internet links to source.

The Vatican Murders

The conspiracy that planned the Ambrosiano Bank Scandal was the same conspiracy that plotted the murder of John Paul I

Insofar as 'The Vatican Murders' presents compelling evidence linking Church hierarchy and prominent American statesmen to the murders of Pope John Paul I, his counterpart in the Russian Church, Aldo Moro and other leaders of the Marxist movement in the western world, I want to remind the reader it was the sworn duty of these men imposed upon them by the principles of their faith and the laws of their nations to head off what they saw as a dangerous slide to the left.

                                                    Lucien Gregoire

Search 'Roberto Calvi' 'Banco Ambrosiano' 'Agostino Casaroli' 'Giuseppe Caprio' ' Reagan John Paul II June 7, 1982, etc. etc. on the Internet.

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