July 17, 2024



Vatican Loses $135M In Shady London Property Deal Amid Allegations Of Massive Fraud

Zero Hedge

By Tyler Durden – November 10, 2021

Even God’s top authority on Earth has trouble with the simplest investing precept: buy low and sell high.

After a scandal that has dragged on for more than a year and led to the firing of one of the Holy See’s most senior officialsover a handful of shady London property deals that were bleeding millions in losses, the Vatican has finally decided to rip the bandaid off and sell a luxury office building in London’s Knightsbridge neighborhood for a loss of £100MM ($135MM).

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