1. The Vatican Bank Faces Accusations of Money Laundering
... Banco Ambrosiana's president, Robert Calvi. The Vatican Bank is believed to have had a hand in the bankruptcy of Banco Ambrosiana. Their bankruptcy was the largest in European history up until that time (Rocca). Calvi was found hanged under Blackfriars Bridge. To this day, it is unknown whether his death was a suicide or a murder. The Vatican Bank denied any connections to the bankruptcy or the death but did give a goodwill payment ... of $250 million to its creditors (News.gather.com). Because of the scandal in 1982, the bank hired Ettore Gotti Tedeschi as president in 2009. This appoi...
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