Raffaele Mincione, the Italian financial broker, has been in the news after the Vatican accused him of defrauding them, know his wife and net worth
Leaked documents suggest that Pope Francis approved covert wiretaps on Italian financial broker Raffaele Mincione, who was charged with robbing the Vatican of hundreds of millions of dollars.
Pope Francis gave detectives the go-ahead to bug phones, intercept emails, and detain anybody without first getting permission from British judges.
Know Who Is Raffaele Mincione Who Pope Francis Orded To Have Wiretaped After He Defruaded The Vatican Of $350 Million, Age, Biography, Wife, WRM Group, Net Worth, Latest News
The Vatican’s Office of the Promoter of Justice used those powers to target millionaire Raffaele Mincione, a fund manager accused of cheating the Vatican amidst a roughly $350 million real estate venture.
— Markie Balentine (@MarkieBalentin1) July 24, 2022
Officials from the Vatican’s Office of the Promoter of Justice used the powers to target Raffaele Mincione, a millionaire financier who is the former fiancé of the model Heather Mills, Sir Paul McCartney’s ex-wife
— The Times and The Sunday Times (@thetimes) July 24, 2022
Un tribunal suisse refuse de débloquer les 60 millions de CHF des comptes de Rafaelle Mincione, un des principaux acteurs du procès en cours de l'immeuble de Londres. https://t.co/YZ3yTupXF0
— Camille Dalmas (@Camdalmas) December 29, 2021
Pope Francis reportedly celebrated Mass of the Lord’s Supper with Cardinal Angelo Becciu, who was linked to the investment of hundreds of millions of euros with the Italian businessman Rafaelle Mincione and the controversial purchase of a London building.https://t.co/SsaFXvH5pg
— Catholic World Report (@cworldreport) April 1, 2021
The Office of the Promoter of Justice at the Vatican utilized these authorities to pursue Mincione, a fund manager who is accused of defrauding the Vatican in connection with a $350 million real estate project.
The issue is associated with a substantial Vatican investment in a disused London Harrod’s warehouse that was intended to be transformed into opulent flats. Since this news went public, it went trending on various social media platforms and many people right now are talking about the accused.
He has been the talk of the town. That’s why many people are also trying to find out more about him. So, here’s what we know about him. So, let’s find out more about him:
Who Is Raffaele Mincione?
Raffaele Mincione is an Italian financial broker who is recently been in the news after he was charged with serious allegations of defrauding millions of dollars of Vatican.
Raffaele Mincione previously owned 60 Sloane Avenue, which once housed the Harrods showroom, and has now begun two legal claims over the property with him taking the Vatican to court over 450 million pounds.
Heather Mills is probably most famous for being the former wife of Paul however, they divorced in 1991 and Mills began seeing Raffaele Mincione with the two getting engaged as well but they didn’t get married ultimately. Mills has a net worth of $50 million and while Moincione’s net worth isn’t known, its is said to stand above $200 million owing to his staggering scam.
The WRM Group was founded by Raffaele Mincione. He started this organization in 2009. According to the organization’s website, its
“Ethos is to achieve stable and long-term results for its investors through a hands-on approach, thereby adopting an activist and value-oriented strategy in the management of its investments.”
It also added,
“The Group is well positioned to access, manage and create value from illiquid assets, turnarounds and distressed situations and adopts strategies which seek to optimise market asymmetries or temporary mispricing, investing across the entire capital structure of target companies.”
His Career
Raffaele started his career at Goldman Sachs International on the Italian Fixed Income sales desk. After that, he changed companies, first going to Nomura International and then to Merrill Lynch’s offices in London and New York, where he was in charge of providing coverage for Europe and Latin America.
For the past 10 years, he has also served as a senior advisor and board member for top investment businesses, including banks and major industrial enterprises. He now has more than 20 years of expertise in investment management and banking.
What Kind Of Charges Raffaele Mincione Charged With?
Mincione, who is currently on trial in the Vatican City for financial offences, had already launched a lawsuit against the Swiss bank that handled the Vatican’s investment with him.
According to WRM Group, Credit Suisse and Citco withheld important information concerning the source of the cash they used to subscribe to the WRM Group sub-fund in order to conceal the precise source of the monies within the context of their connection with the Vatican.
He was accused of committing financial crimes. Losses on the real estate venture were allegedly the Vatican’s responsibility, according to the investment manager who sold the Vatican the property at 60 Sloane Avenue.
Weeks later, when Mincione was on vacation in Rome, Mincione’s phones and computer were confiscated by Vatican officials and Italian police. According to his attorney, he was placed under observation.