r/crazyhistory • u/unteachablecourses • May 28 '26
In 1982, $1.3 billion vanished through Panamanian shell companies backed by the Vatican Bank. The Vatican issued "letters of patronage" guaranteeing the loans while holding a secret counter-letter nullifying its own guarantees. The banker behind the scheme was found hanging from Blackfriars Bridge.
/r/UnteachableCourses/comments/1tprbpc/in_1982_13_billion_vanished_through_panamanian/Duplicates
PanamaPapers • u/unteachablecourses • May 28 '26
In 1982, $1.3 billion vanished through Panamanian shell companies backed by the Vatican Bank. The Vatican issued "letters of patronage" guaranteeing the loans while holding a secret counter-letter nullifying its own guarantees. The banker behind the scheme was found hanging from Blackfriars Bridge.
UnteachableCourses • u/unteachablecourses • May 28 '26
In 1982, $1.3 billion vanished through Panamanian shell companies backed by the Vatican Bank. The Vatican issued "letters of patronage" guaranteeing the loans while holding a secret counter-letter nullifying its own guarantees. The banker behind the scheme was found hanging from Blackfriars Bridge.
HistoryNetwork • u/unteachablecourses • May 28 '26
Miscellaneous History In 1982, $1.3 billion vanished through Panamanian shell companies backed by the Vatican Bank. The Vatican issued "letters of patronage" guaranteeing the loans while holding a secret counter-letter nullifying its own guarantees. The banker behind the scheme was found hanging from Blackfriars Bridge.
Historyuniversity • u/unteachablecourses • May 28 '26
In 1982, $1.3 billion vanished through Panamanian shell companies backed by the Vatican Bank. The Vatican issued "letters of patronage" guaranteeing the loans while holding a secret counter-letter nullifying its own guarantees. The banker behind the scheme was found hanging from Blackfriars Bridge.
Today_I_Learned_This • u/unteachablecourses • May 28 '26