Ex-Vatican Bank President, Lawyer Charged With Embezzlement
PYMNTS
MARCH 5, 2018
According to the AP, the Institute for Religious Works reported that Caloia and Luizzo were charged with embezzlement and self-laundering between 2001 and 2008. During that time, the bank disposed of a “considerable” portion of the real estate assets. The two were ordered to pay back the bank, noted the report.
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