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Vatican Monsignor Arrested time that is second Illicit Financial Dealings

Vatican Monsignor Arrested time that is second Illicit Financial Dealings

Monsignor Nunzio Scarano has some ‘splainin’ to complete after having a second arrest involving Vatican funds (Image: AP)

You dead wrong whenever you think you’ve heard the craziest embezzlement story in the history of man, along comes another one to prove. Such is the case of a Vatican monsignor already awaiting test on charges of plotting to smuggle 20 million euros ($30.8 million) into Italy out of Switzerland, mind you who has been charged individually for allegedly utilizing their access to Vatican bank accounts to launder money.

Millions of Euros Moved Around

Referred to as ‘Monsignor 500’ because that is reportedly his cash that is favorite denomination Monsignor Nunzio Scarano had been arrested by monetary authorities in Salerno in the south of Italy, after police say he utilized fictitious donations from offshore companies to move an incredible number of euros through his Vatican Institute for Religious Functions accounts.

When police caught up with Salerno the other day, they certainly were in a position to confiscate 6.5 million euros well worth of bank accounts and genuine estate holdings, including a luxury condo occupied by Salerno himself that was decked out with expensive artwork and collectibles.

A local priest was placed under house arrest while a notary public received a suspension for their alleged roles in the money-laundering scheme along with Salerno. But evidently the tentacles Læs videre “Vatican Monsignor Arrested time that is second Illicit Financial Dealings”

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Middle income Tourism Expands as VIP Marketplace Slows in Macau

 Middle income Tourism Expands as VIP Marketplace Slows in Macau

Macau is pulling more of these sorts of Chinese tourists now, and less whales, as revenues continue to skyrocket (Image: CNN.com)

Macau now thought to be the #1 gambling revenue locale on the planet has had another record year, with a $45 billion intake in 2013, a number that represents an 18.6 per cent jump through the year prior. And despite the fact that Las Vegas’ improvements from the 12 months before were actually a bit higher than this, percentage-wise, Macau continues to beat down the United states gambling mecca by way of a seven-times-greater input annually.

Welcome, Comrades

But while previous years’ growth ended up being mainly attributed to the mega-wealthy Chinese whales who stumbled on the Chinese special administrative district to play at opulent casinos like the Venetian Macao or Galaxy Macau, the most recent year’s upswing has been more as a result of the common man, i.e., China’s middle-income group and their new access to your neighboring gambling kingdom.

Most credit with this influx associated with the public goes to myfreepokies.com an ever-growing high-speed rail system, in addition to a 38 billion yuan (US$6,216,291,171) connective connection that ties together Hong Kong, Macau and Zhuhai on China’s mainland, which has vastly paid down access time to Macau. That reality, in turn, is enabling numerous more day and brief trip travellers to come and spend their funds at Macau’s casinos; brand new at Læs videre “Middle income Tourism Expands as VIP Marketplace Slows in Macau”