US and Dutch Man Try to Deposit Billions in Fake Bonds in Vatican Bank

Posted: March 30, 2014 in News

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Vatican police on Saturday apprehended an American and a Dutch man who were trying to deposit billions of euros and US dollars in fake bonds in the Vatican bank. The men were stopped by the police when they approached one of the guarded gates at the Vatican and asked to be let through to the Institute for Religious Works (IOR) as the bank is formally known, Vatican spokesman Federico Lombardi told AFP. The haul came a day after Italian prosecutors said two former top executives at the Vatican bank will go on trial for money laundering in a case that led to the seizure of 23 million euros ($32 million). IOR press officer Max Hohenberg said the American and Dutch man “are neither clients of the bank, nor were they expected”.

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