Former IOR president's conviction points to reform and more Vatican trials

News: Vatican Finances

This week, the former head of the Institute for Works of Religion (IOR) was sentenced to nearly nine years in prison for money laundering and embezzlement. His conviction by a Vatican City court marks the first custodial sentence to be handed down in the city state for financial crimes, and could be a sign of more to come. 

On Thursday, Angelo Caloia was…