Vatican Bank’s Ex-President Convicted of Embezzlement, Money Laundering

A Vatican court found a former president of the Vatican bank guilty of embezzlement and money laundering during the pontificates of St. John Paul and Pope Benedict XVI, closing a chapter in the long-term cleanup of its finances.

The court said that Angelo Caloia and his lawyer, Gabriele Liuzzo, had manipulated sales of the scandal-plagued bank’s real-estate assets for their own profit from 2001 to 2008.

Mr. Caloia, who is 81, and Mr. Liuzzo, 97, whose trial began in 2018, were each sentenced to 8 years and 11 months in prison. Mr. Liuzzo’s son Lamberto Liuzzo, 55, was sentenced to five years and two months in prison for his part in the scheme. The men were also ordered to pay the bank €23 million ($27.9 million) in compensation.

None of the men were present in court for the sentencing. An attorney for Mr. Caloia, Domenico Pulitanò, said he would appeal. Lawyers for Gabriele and Lamberto Liuzzo didn’t immediately respond to requests for comment.

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