Vatican Indicts Ex-Bank Head, Says Embezzlement Loss Is $62M - NBC Bay Area
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Vatican Indicts Ex-Bank Head, Says Embezzlement Loss Is $62M

The IOR, as the bank is known, is joining a civil case alongside the criminal trial to try to recover some of the Vatican's losses

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    Vatican Indicts Ex-Bank Head, Says Embezzlement Loss Is $62M
    y Franco Origlia/Getty Images
    This April 16, 2017, file photo shows Pope Francis in Vatican City, Vatican.

    Vatican prosecutors have indicted the former president of the Vatican bank and his lawyer on embezzlement charges, holding them responsible for losses of more than 50 million euros ($62 million) from real estate sales.

    The trial of Angelo Caloia and his lawyer is due to begin March 15. A third suspect died while under investigation.

    The Institute for Religious Works said in a statement late Friday that Caloia and his lawyer were charged with alleged acts of embezzlement and self-laundering between 2001 and 2008, when the bank disposed of "a considerable part of its real estate assets."

    The IOR, as the bank is known, is joining a civil case alongside the criminal trial to try to recover some of the Vatican's losses.

    Clerk Pulls Out Machete on Would-Be Robber

    [NATL] Clerk Pulls Out Machete on Would-Be Robber

    A would-be robber armed with a knife had a surprise in store when an Alabama store clerk pulled out a machete in defense. The two's brief knife fight was caught on camera before the clerk runs out to damage the robber's car.

    According to police, suspect Seth Holcomb walked up to the counter to make a purchase. He leaves the store and then comes back in as if to make a second purchase. Then, he pulled out a knife at the counter. What he didn't expect was that the clerk would pull out a machete of his own.

    (Published Wednesday, March 20, 2019)

    Caloia and the lawyer deny wrongdoing.