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5 States Sue Vatican Over Money Laundering
California Law Offices of Tom Easton & Jonathan Levy (For immediate release)
Vatican Lawsuit Liability exceeds $1 billion in USA Courts
The Vatican, which has long claimed immunity to lawsuits, is now facing claimants seeking more than $1 billion.
Insurance commissioners from Mississippi, Missouri, Tennessee, Okalahoma, and Arkansas have joined Holocaust victims and victims of pedophile priests in filing lawsuits against the Vatican and Vatican Bank. The Insurance commissioners are seeking over $600 million in a RICO (Anti Racketeering) lawsuit that has named several top Cardinals including two former Papal Nuncios to the United States and the Vatican Secretary of State, Cardinal Sodano, as co-conspirators with convicted financier Martin Frankel in an unsuccessful attempt to launder an incredible $150 billion in insurance assets........
Frankel who has plead guilty to 20 counts of wire fraud and one count each of securities fraud, racketeering, racketeering conspiracy and a forfeiture charge has been cooperating with the government in retrieving $200 million in missing insurance assets. Frankel faces 150 years in prison and will be sentenced next year.
Vatican officials allegedly received pay offs from Frankel and his associates in exchange for use of a Vatican operated charity as money laundering conduit. A Vatican monsignor, Colagiavanni, who also is facing racketeering charges, assisted Frankel in taking over unsuspecting insurance companies. Cardinal Laghi, former Vatican Nuncio to the USA, received $100,000 from Frankel. The Vatican Bank, which is controlled by Cardinal Sodano, issued a key letter of credit that Frankel used in his insurance schemes.
The Vatican’s legal problems in the US first arose in November 1999 when California attorneys Tom Easton and Jonathan Levy filed a class action lawsuit seeking return of gold and funds looted from Yugoslavia during WWII and laundered by the Vatican bank post war. The wartime treasure is valued at several hundreds of millions. Earlier this year sexual abuse victims in the US sued the Vatican and now the insurance commissioners are seeking restitution and penalties of over $600 million. All the lawsuits are pending.
According to co-counsel in the WWII case, Jonathan Levy, all the cases have an excellent chance of beating Vatican immunity defenses: “The Vatican used up its goodwill long ago, it has violated too many international laws and laundered too much money for anyone to believe its wholesale denials anymore. They stand to lose more than a billion dollars due to a lifestyle of crime and corruption by their top officials.”
For more information see:
www.vaticanbankclaims.com/press.html
www.vaticanbankclaims.com/links.html
For Additional Information, Please Contact:
Jon Levy
Easton & Levy Law offices
www.vaticanbankclaims.com
513-528-0586
[email protected]
http://www.thememoryhole.org/states-v-vatican.htm
END OF FIRST STORY
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SECOND STORY
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Vatican Bank Top 10 Money Laundering Destination
According to one global source, the Vatican is the main destination for over $55 billion in illegal Italian money laundering and the number 8 destination worldwide for laundered money, ranked well ahead of such offshore havens as the Bahamas, Switzerland, and Liechtenstein.
In a recent report by the London Telegraph and the Inside Fraud Bulletin, the Vatican was named as a top "cut out" country along with the offshore banking centers of Nauru, Macao, and Mauritius. A "cut out" country is one whose banking secrecy makes it is all but impossible to trace laundered funds back to their source.
The Vatican Bank is desperately resisting a legal action for an accounting of stolen World War II assets in a San Francisco Federal court (Alperin v. Vatican Bank) filed by Serb and Jewish Holocaust survivors. Contrary to the above reports, a declaration filed under penalty of perjury by the Vatican Bank's attorney, Franzo Grande Stevens, states in part that the Vatican Bank's "fundamental purpose is to promote pious acts" and that its depositors "are essentially limited to Vatican state employees, members of the Holy See, religious orders, and persons who deposit money destined, at least in part, for works of piety." Stevens also declared to the court that the Pope controls the Vatican Bank and that bank records are not retained after ten years.
It seems that the Vatican Bank, a major illegal money laundering operation, is hiding behind the benign image of John Paul II. Given the Vatican Bank's alleged involvement with Nazi loot and current links to organized crime, a reckoning cannot be far off. The accumulating evidence points to a more piratical than pietical Vatican Bank
http://www.vaticanbankclaims.com/vatpr.html
END OF STORY #2
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