Another Vatican Scandal or Just Business as Usual?

UNITED STATES
Open Tabernacle (blog)

August 11, 2020

By Betty Clermont

“Vatican prosecutors, working with Italian authorities, executed a search and seizure warrant” on July 15. Cell phones and iPads belonging to London financier Raffaele Mincione were seized at a hotel in Rome.

Mincione, former fiancé of Paul McCartney’s ex-wife Heather Mills, had filed two civil lawsuits in the UK’s High Court of Justice against the Vatican on June 20. Both lawsuits are related to a deal brokered by Mincione for the Vatican in 2014 – their purchase of a 45% interest, through his holding company the Athena Global Opportunities Fund, in a London building to be converted into luxury apartments.

That deal “raised questions about the Vatican’s murky finances and poor investment strategies in the past decade and sparked fresh speculation about its Machiavellian turf battles, power struggles and score-settling,” the Associated Press reported.

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