Word: marcinkus
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Dates: during 1980-1989
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...lousy banker, but at least I'm not in jail," Archbishop Paul Marcinkus, 65, told visitors two years ago, after Italy's biggest bank failure had exploded around him. The Archbishop, who heads the Istituto per le Opere di Religione, commonly known as the Vatican Bank, may not make that claim so confidently in the future. Last week a Milan judge named Marcinkus in an arrest warrant as an "accessory to fraudulent bankruptcy" in connection with the 1982 collapse of the Banco Ambrosiano, then Italy's largest private banking group...
...Vatican Bank was a shareholder in Banco Ambrosiano, and investigators claim that Marcinkus was linked to Ambrosiano President Roberto Calvi's diversion of some $1.3 billion from the bank through ten dummy Panamanian companies. While no evidence of personal gain has ever been alleged, authorities charge that Marcinkus allowed the Vatican Bank to be used by Calvi for his schemes. Marcinkus has strongly denied the accusation, and last Friday the Vatican came to his defense. In an unsigned statement, it expressed "profound astonishment" at the arrest warrants against Marcinkus and two senior officials...
...dramatic opening in June 1982 when Calvi, who was known as "God's banker" because of his Vatican connections, was found hanging from London's Blackfriars Bridge, his pockets stuffed with $13,000 in / various currencies. Later Michele Sindona, the corrupt Italian financier who introduced Calvi to Marcinkus, died in jail after drinking a cup of coffee laced with potassium cyanide...
...ambassador is a personal friend of Archbishop Paul Marcinkus, the Vatican banker who was being investigated by Italian authorities in 1982 for his role in the $1.3 billion collapse of Italy's Banco Ambrosiano. Wilson wrote a letter to his friend, Attorney General William French Smith, asking whether Marcinkus was under U.S. investigation as well. Wilson was told by the Justice Department that his actions were inappropriate. Nonetheless, later that year Wilson tried unsuccessfully to arrange a breakfast between Smith and Marcinkus in Rome. As recently as last May, Wilson called FBI Director William Webster to ask about...
Yallop offers no hard evidence to prove his poison plot. The motives ascribed to some of Yallop's "suspects" seem illogical, if not incredible. After his election, John Paul I reconfirmed all Vatican officials for five years, including Villot and Marcinkus. Sindona, who is serving a 25-year jail term in a New York prison for fraud, and Calvi, who was found hanging from a London bridge in 1982, had dire financial problems, but none that a papal murder would alleviate. News about Gelli's P-2 lodge did help topple the Italian government of Prime Minister Arnaldo...