Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

The Vatican's Money Problems


For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

Financial malfeasance isn't just for Wall Street. It's also beleaguering the Pope, whose name was recently invoked during the ongoing trial of Giovanni Angelo Becciu, a defrocked cardinal accused of embezzlement and abuse of office. The Vatican, it turns out, is quite the busy place.

The story gets gloriously weird, with the cardinal embroiled in a failed $200 million property deal in London's upscale Chelsea neighborhood, as well as efforts to pay up to $1 million to free a Colombian nun captured by al-Qaeda-linked militants.

Continue reading


Source Fool.com


Comments