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Giorgio Ambrosoli
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==Early Career== In 1964, Ambrosoli gained significant experience in corporate and bankruptcy law when he was invited to assist the liquidators of the Società Finanziaria Italiana. This role honed his professional skills and deepened his sense of justice, preparing him for the challenges he would later face. By the early 1970s, he had established himself as a competent lawyer with a reputation for integrity. Appointment as Liquidator of Banca Privata Italiana On September 27, 1974, Ambrosoli was appointed by Guido Carli, the Governor of the Bank of Italy, as the sole liquidator of Banca Privata Italiana (BPI), a bank formed in August 1974 from the merger of Banca Privata Finanziaria and Banca Unione, both controlled by Sicilian banker [[Michele Sindona]]. The appointment came after the discovery of severe financial irregularities, including a massive deficit in BPI’s balance sheet. Ambrosoli quickly realized the gravity of the situation. Sindona had used BPI and its predecessor banks to engage in fraudulent activities, including falsifying accounting records, illegally exporting currency, and laundering money for the Sicilian Mafia. Through his holding company, Fasco AG, Sindona siphoned off depositors’ funds to acquire other banks and companies, creating a complex web of illicit financial operations. Ambrosoli meticulously documented these crimes in a 2,000-page report, reconstructing Sindona’s manipulations and ordering the suspension of his operations. His investigation also uncovered Sindona’s role in the collapse of the Franklin National Bank in the United States, for which he provided critical evidence to the U.S. Justice Department. Ambrosoli revealed that Sindona had paid a $5.6 million commission to “an American bishop and a Milanese banker,” later identified as [[Paul Marcinkus]] of the Vatican Bank and [[Roberto Calvi]] of Banco Ambrosiano, implicating high-level figures in the scandal.
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