◉ PSYCHOHISTORY

Archbishop Paul Marcinkus (1922-2006)

playerThe Vatican & Religious Power
The archbishop who ran the Vatican bank during a huge financial scandal walked free — shielded by the Vatican's own borders.
Who they are

Archbishop Paul Marcinkus (1922-2006) was a Lithuanian-American who headed the Vatican bank (the IOR).

What they do

He was the bank's president during a major banking collapse and was implicated in the wrongdoing.

How it works

He led the IOR during the 1982 collapse of Banco Ambrosiano and was implicated in money-laundering, but the Vatican's status as its own sovereign territory shielded him from Italian prosecution.

Why it matters

He is a clear case of how the Vatican's independence can put its officials beyond the reach of another country's courts.

The engine's record — word for word
Report #76. IOR president during Banco Ambrosiano collapse 1982. Lithuanian-American. Implicated in money-laundering; protected by Vatican extraterritoriality from Italian prosecution.
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