Napoli. Criminal association, fraud, ideological falsity committed by private individuals in public documents, abusive exercise of financial activities, money laundering and self-laundering are the charges that have led to four precautionary measures issued by the investigating judge of Napoli North as part of an investigation by the Guardia di Finanza into a group that defrauded credit institutions by obtaining mortgages for the purchase of real estate and financing for renovations by falsifying income documents and with simulated financial transactions so that the loans were granted even to those who did not have the financial conditions necessary to obtain them.
In addition to the man who had devised the system, a financial advisor and a bank employee who was later fired also got into trouble. The 'boss' of the group made targeted bank transfers for those who requested these loans in order to demonstrate to the bank that they had the solvency requirements; once the loan was obtained, the man reclaimed what he had transferred and also took a commission on the loan obtained.
Over the course of two years, according to what was reconstructed by the investigators, this system allowed them to obtain 1,7 million euros in undue financing. In addition, to clean up the amounts received unduly, the group carried out numerous financial operations, breaking them down through bank transfers and payment orders with no economic reason. The amounts were then used in economic activities registered to front men.
The organizer of the system is therefore in prison, two other members of the group are under house arrest and the financial promoter is also temporarily banned from practicing his profession. 21 other people are being investigated and real estate worth 150.000 has been seized from each of the suspects as well as money or other assets for an amount exceeding 2 million euros.
Article published on May 13, 2022 - 14:19 pm
