A reliable source informs us that the matter may not be so much the banking irregularities as the issue of whether Nova Roma Inc. actually deserves its tax-exempt status. It seems that the problem may be a combination of not actually performing any of the tax exempt activities they claim, and also of a pattern of failing to abide by the by-laws that Nova Roma, Inc. was required to file.
Whatever the reason, this issue highlights the fact that Nova Roma Inc. is basically a US based operation, not the worldwide one they claim to be.
