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



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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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June 5, 1982: Roberto Calvi: President of Banco Ambrosiano. wrote a private letter to John Paul II:

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"Unless you satisfy the demands of investors, I will expose your role in planning the swindle and provoke a catastrophe in which you will have to resign and the Church will suffer the gravest of damages..." ¹  


June 7, 1982, Air Force 1 touched down in Rome. Reagan did  not want the Ambrosiano Scandal to explode in the press as The Vatican Contra Affair. 


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


On the same day, Calvi's secretary Teresa Corrocher found on sidewalk under her hi-rise office window.²

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

²originally considered suicide. Later determined to be murder.

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Author's notes`
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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.



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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 (impounded 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.
     When questioned why she had delayed giving the letter to the court, she responded: "Blackmail is against the law...Terry (Teresa) and my husband were involved in blackmail..."




Vatican officers involved in the scam


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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     

 

Bishop Caprio:
Made a cardinal and raised past two hundred who outranked him to the 2nd Vatican post Prefect of Economic Affairs by John Paul II.Caprio  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,
John Paul II 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 cousins in the Gambino family. It was not unusual for Mafia family members to rise to high Curial posts as they were among the largest contributors to the Church.

³ Court of Cassation, Rome, 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. All money exiting 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. 


¹ the reason there is no cause or date of death in his biographies


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