Guys Busted Trying to Swindle Vatican Bank
Pair not exactly 'criminal masterminds,' says Vatican
By Polly Davis Doig, Newser Staff
Posted Mar 30, 2014 10:36 AM CDT
A picture taken Tuesday, Jan. 28, 2014 showing an exterior view of the offices of the Vatican bank IOR.   (AP Photo/Domenico Stinellis)

(Newser) – Two men walked into the Vatican bank, and apparently a whole heap of trouble: The Vatican says police have detained an American and a Dutchman who showed up wearing business suits and carrying what the AP says is a whopping $4 trillion—in fake bonds. They reportedly told Swiss Guards outside the bank, which is quaintly called the Institute for Religious Works, that "the cardinals were expecting them," according to a police spokesman. As an IOR spokesman tells the Sydney Morning Herald, they "are neither clients of the bank, nor were they expected."

Cops issued citations to the pair, who were released on their own recognizance and are believed to have left the country. Police later seized stamps and seals that they say the men used to create the bonds. Says Vatican spokesman Federico Lombardi, "the controls are working. But I don't think we're talking about a plot by criminal masterminds if they managed to get caught at the first hurdle."

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Showing 3 of 17 comments
FarmerMichael
Mar 30, 2014 4:00 PM CDT
I used to teach finance. One of the problems I loved to use was on the compounding of interest rates over time. Since a lot of Catholic wealth haters abounded during the period, I would ask "What would the value of $1 compounded since the death of Christ be?" At 2%, a fair no inflation return on money over time, the answer today would be something in 17 digits. A trillion is 13 digits. So some money must have gotten to the poor if all the Church could keep is in that range....and if you are really conspiracy fodder, consider Christ died 1984 years ago Good Friday....give or take....
iq145
Mar 30, 2014 3:36 PM CDT
What goes around comes around. The Vatican swindles everyone every day!
AEK
Mar 30, 2014 2:35 PM CDT
Never try to con a con.