Investment: Low Profile for the Vatican

Only four men were even aware of the secret nocturnal meetings last spring in the Vatican's baroque Apostolic Palace. Two were top cardinals in the church hierarchy. Two were key participants: Pope Paul VI and Michele Sindona, the tough Sicilian lawyer who in two decades has risen from obscurity to eminence as a financier and industrialist. It is almost unheard of for a Pope personally to conduct the church's business affairs, but this was no ordinary occasion. Sindona and Pope Paul closed a deal that started a shift of profound consequence in...

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