Word: marcinkus
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DIED. ARCHBISHOP PAUL MARCINKUS, 84, scrappy Chicago priest who rose to head the Vatican Bank and retired after being connected to one of the biggest financial scandals in Italian history; in Sun City, Ariz. Following the looting of $1.3 billion from another Italian bank, in which the Vatican held a major share, Marcinkus faced charges as an accessory to the crime. Though the Holy See would not permit his arrest--and he and the Vatican maintained his innocence--it paid $250 million as a "goodwill settlement" of the case...
...DIED. ARCHBISHOP PAUL MARCINKUS, 84, scrappy Chicago priest who rose to head of the Vatican Bank and retired after being connected to one of the biggest financial scandals in Italian history; in Sun City, Arizona. Following the looting of $1.3 billion from another Italian bank, in which the Vatican held a major share, Marcinkus faced charges as an accessory to the crime. Though the Holy See would not permit his arrest?and he and the Vatican maintained his innocence?it paid $250 million as a "goodwill settlement" of the case...
...gossipy eunuchs" and "a sea of brilliant bitchery." Last week a Vatican official derided Cornwell's findings as "lamentably gossipy." But disturbing as the author's conclusions may be, not everyone was displeased. "It's much better to appear a little ridiculous," said Vittoria Marigonda, secretary to Archbishop Paul Marcinkus, "than to be seen as a bunch of murderers...
ARREST WARRANT NULLIFIED. For Archbishop Paul Marcinkus, 65, head of the Vatican Bank who had been charged by Italian authorities as an "accessory to fraudulent bankruptcy" in the 1982 collapse of Banco Ambrosiano, Italy's worst postwar banking scandal; by the country's highest tribunal, the Court of Cassation; in Rome. In voiding arrest warrants for the Cicero, Ill.-born prelate and two senior Vatican bank officials, the court ruled that the 1929 Lateran Treaty, which recognizes Vatican City as a sovereign state, protects "central bodies" of the church from "every interference" by the Italian government...
...arrest warrant against Marcinkus could lead to a complex standoff between the Vatican and the Italian government. Italian officials cannot enter the Vatican to serve the arrest warrant, much less retrieve their man. Since the Lateran Treaty of 1929, Italy has recognized the 108.7-acre Vatican as a sovereign state. No extradition treaty, however, exists between the two. In 1982, shortly after the Italian Justice Ministry sent Marcinkus a "judicial warning" announcing that he and his two subordinates were under investigation, the Archbishop moved inside Vatican walls. Today he lives simply in a Vatican apartment...