Thread: God's Banker
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Old 11-28-2009, 08:35 AM
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stompk stompk is offline
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Default God's Banker

Found this article quietly tucked away in Forbes Magazine online.

Brian Wingfield, 11.09.09

Back in the early 1980s, Roberto Calvi, head of Italy's Banco Ambrosiano, was known as "God's banker," because of his business connections to the Vatican. In 1982, the bank went belly up in the wake of a massive fraud scandal dealing with offshore accounts.
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As the investigation unfolded, a complicated picture began to emerge, involving Calvi, the Holy See, a secretive Masonic lodge, the Mafia and allegations of money laundering. That June, "God's banker" vanished; his body was soon found hanging from the scaffolding beneath London's Blackfriars Bridge.
God's Other Banker -

It's interesting when in the article Wingfield is speaking about Goldman Sachs boss Lloyd Blankfein saying he was "doing God's work".

I like the first comment, which says,

"Perhaps the poor man has misidentified Satan for God."

Roberto Calvi was the chairman of Italy's second largest private bank, Banco Ambrosiano, when it went bankrupt in 1982. In 1978, the Bank of Italy had produced a report on the Banco Ambrosiano which found that several billion lire had been exported illegally. This led to criminal investigations. In 1981, Calvi was put on trial and given a four-year suspended sentence and a $19.8 million fine for taking $27 million out of the country in violation of Italian currency laws. He was released on bail pending an appeal and kept his position at the bank. During his short spell in jail, he attempted suicide. Calvi's family maintain that he had been manipulated by others and that he was innocent of the crimes attributed to him.[1]

The controversy surrounding Calvi's dealings at Banco Ambrosiano was the echo of a previous scandal in 1974, when the Holy See lost an estimated $30 million as a result of the collapse of the Franklin National Bank, which was owned by the Sicilian-born financier Michele Sindona. Bad loans and foreign currency transactions had led to the collapse of the bank, and Sindona later died in prison after drinking coffee laced with cyanide.[2]

On 5 June 1982, two weeks before the collapse of Banco Ambrosiano, Calvi had written a letter of warning to Pope John Paul II, stating that such an event would “provoke a catastrophe of unimaginable proportions in which the Church will suffer the gravest damage."[3] Banco Ambrosiano collapsed in June 1982 following the discovery of debts (according to various sources) of between 700 million and 1.5 billion US dollars. Much of the money had been siphoned off via the Vatican Bank (strictly named the Istituto per le Opere Religiose or Institute of Religious Works), which was Banco Ambrosiano's main shareholder.
Calvi had been a member of Licio Gelli's illegal masonic lodge, P2, and members of P2 referred to themselves as frati neri or "black friars". This has led to a suggestion in some quarters that Calvi was murdered as a masonic warning because of symbolism associated with the word "Blackfriars".[5]
Roberto Calvi - Wikipedia, the free encyclopedia

The Freakmasons call the P2 lodge covert and illegal, but in truth they all participate in some sort of covert and secretive activities, whether setting up back room deals that should have been public bids, to quietly silencing whistleblowers.

Perform random acts of kindness on strangers who are in need.

Last edited by stompk : 11-28-2009 at 08:41 AM.
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