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Vatican Bank Money Laundering Allegations

Vatican Bank Money Laundering Allegations

The Vatican's bank, the Institute for Religious Works, is under severe scrutiny and facing money laundering allegations. Authorities seized 23 million euro ($30 million dollars) of the Vatican's assets in September 21, 2010 from a Vatican Bank based in Rom's Credito Artigiano SpA following an...

Pablo Picasso Trove in France Includes 271 Undocumented Works

Pablo Picasso Trove in France Includes 271 Undocumented Works

On Monday, November 28, 2010, a French couple released a trove of 271 Pablo Picasso works worth an estimated $79.35 million dollars (or 60 million Euros) per the administrator of Picasso's estate. Pierre La Guennec, a 71 year old retired electrician, and his wife, Danielle, stashed away the...

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French President Pledges Funds to Assist Haiti

Nicolas Sarkozy, the President of France, arrived in Haiti to announce plans to assist in aid for the earthquake devastated country. This is the first Presidential visit in history since France colonized Haiti (then St. Domingue) from 1713 to 1787. Sarkozy pledged 230 million euros (the dollar...

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German Poker Tourney Burglarized

A German poker tournament, the 2010 Pokerstars.net EPT Berlin event, with a prize of 1 million euros (or $1.35 million dollars) was robbed at gun point Saturday. The competition was postponed immediately after the robbery which occurred at 2:30 p.m. local time. Up to six masked and armed men...