Word: ambrosoli
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...allegedly siphoned off $15 million from it. In Italy, Sindona faces fraud charges resulting from the 1974 failure of his Banca Privata Italiana, part of a financial empire once estimated to be worth $450 million. He has also been accused of ordering the 1 979 murder of Giorgio Ambrosoli, a lawyer appointed to liquidate Banca Privata Italiana. Even if Sindona is convicted in Italy, he must return to the U.S. and complete his prison term before serving time in his home country...
Even before the Banco Ambrosiano affair, though, Marcinkus had been touched by financial scandal. In 1973 Italian-American Financier Michele Sindona sold two companies to Calvi for what was considered the greatly inflated price of $100 million. According to Giorgio Ambrosoli, the court-appointed liquidator of the Sindona empire at the time, Sindona paid a $5.6 million commission as part of the deal to "an American bishop and a Milanese banker." Official Italian sources have confirmed that Ambrosoli was refer ring to Marcinkus and Calvi. It is still not clear why the two allegedly received this money...
...investigation of the Sindona payoffs has been stymied by Ambrosoli's murder. In 1979, only hours after talking to U.S. authorities about the commission deal, he was shot to death by three men in the street outside his home. One year ago, Sindona was charged with instigating Ambrosoli's murder, and an Italian American named William J. Arico, 46, was said to be one of the men who actually carried out the killing. Last month the FBI arrested Arico, who is reputed to be a hired Mafia gunman, in Philadelphia. Italy has asked for his extradition...
...Government had been planning to build its prosecution around the testimony of Giorgio Ambrosoli, who had been appointed by a Rome court to liquidate the Sindona-controlled Italian banks that had collapsed along with Franklin National. But last July, Ambrosoli was killed in Milan, and Italian police have not charged anyone with the shooting...
...counts in the U.S. indictment. It sets forth a case that is scarcely less complicated than a New York subway map; criminal lawyers suggest that a jury might find the evidence too confusing to vote conviction. More over, one of the chief witnesses against him, Lawyer Giorgio Ambrosoli, the court-appointed liquidator of Sindona's bankrupt Italian empire, was killed last month by three gunmen in Milan, a day before he was to sign a 50-page deposition for U.S. prosecutors...
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