Ex-Vatican accountant hit with new money laundering charge
A former Vatican accountant already under house arrest and on trial for alleged corruption and attempted money laundering has been notified of fresh charges against him, Italy's financial police said on Tuesday.
The police said in a statement that they had seized Monsignor Nunzio Scarano's luxury 17-room apartment and blocked nearly 9.0 million euros ($12 million) on current accounts linked to the senior Italian cleric.
The Vatican in July last year said it had already frozen assets belonging to Scarano and the police on Tuesday said these funds amounted to 2.2 million euros....
Suppose the church is one and first century Christians managed to scrape together the equivalent of only $1,000,000 and faithfully invested it over the next 2,000 years or so at 3.5% per year. What would that church's approximate net worth be today?
A mind-blowing $1.2 undecillion (a 1 followed by 36 zeroes).
Christopher000, what an excellent post! I suppose the footnotes I hope will add to what you said, will come before instead of the main event. Donation of Constantine and so another footnote to your comment, False Decretals.
Scarano aside, the true wealth of the Vatican is immense. The property, the stock holdings, the priceless art, jewels in the open and hidden from outside eyes around the world is astonishing. Just do some research to get a better idea and then wonder why they cry poverty. Considering the churches fabulous wealth that they hold into so very tightly, I have to question their sincerity on their true concern for the poor. The Isidorian decretals, the donation of Constantine, and especially the inquisitions, not to mention the past sales of indulgences, and fresh priests and nuns being expected to surrender all of their possessions to the church has made her fabulously wealthy.