Vatican bank’s former chief found guilty of money laundering, sentenced to nearly 9 years in prison

Vatican bank’s former chief found guilty of money laundering, sentenced to nearly 9 years in prison

The 81-year-old was handed an eight year, 11 month jail term on Thursday, making him the highest-ranking Vatican official to be convicted of a financial crime. His lawyer is appealing his sentence. Caloia was president of the bank known as Institute of Works of Religion (IOR) from 1999 to 2009. He and two lawyers who … Read more