Vatican Lawsuit Liability exceeds $1 billion
The Vatican, which has long claimed immunity to lawsuits, is now facing claimants seeking more than $1 billion.
Vatican Lawsuit Liability exceeds $1 billion in USA Courts
The Vatican, which has long claimed immunity to lawsuits, is now facing claimants seeking more than $1 billion.
Insurance commissioners from Mississippi, Missouri, Tennessee, Okalahoma, and Arkansas have joined Holocaust victims and victims of pedophile priests in filing lawsuits against the Vatican and Vatican Bank. The Insurance commissioners are seeking over $600 million in a RICO (Anti Racketeering) lawsuit that has named several top Cardinals including two former Papal Nuncios to the United States and the Vatican Secretary of State, Cardinal Sodano, as co-conspirators with convicted financier Martin Frankel in an unsuccessful attempt to launder an incredible $150 billion in insurance assets.
Frankel who has plead guilty to 20 counts of wire fraud and one count each of securities fraud, racketeering, racketeering conspiracy and a forfeiture charge has been cooperating with the government in retrieving $200 million in missing insurance assets. Frankel faces 150 years in prison and will be sentenced next year.
2007-04-25
21:52:04
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