Scandal at the Pope's Bank

Outside experts are called in to investigate some shady financial dealings

A billion-dollar Italian bank fraud has reached into the heart of one of the world's most respected institutions, the Vatican. So far, two people involved in the affair have died, $1.4 billion is unaccounted for, and the financial stability of several European banks is in danger.

At the very center of the scandal is Archbishop Paul C. Marcinkus, the American-born president of the Institute for Religious Works, the so-called Vatican Bank. Investigators now know that Marcinkus played a part, perhaps unwittingly, in...

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