Cremona: False invoices and money laundering, over 5 million euros in cash seized

In the execution of precautionary measures carried out by the Guardia di Finanza of Cremona on Thursday 18 April 2024 against a syndicate dedicated to tax fraud, over 5 million euros in cash were seized.

Fake invoices and money laundering, criminal association dismantled

As part of the operation conducted yesterday, Thursday 18 April 2024, by the Guardia di Finanza of Cremona, in collaboration with the Provincial Commands of Brescia, Bergamo, Padua, Verona, Bolzano, Treviso and the Aeronaval Operations Department of Como, a a tough battle against a criminal association specializing in tax fraud.

12 under investigation

Thanks to the investigative activity coordinated by the Brescia Public Prosecutor’s Office, they were all recipients of a precautionary custody order have been identified, with 4 people ended up in prison, 3 under house arrest and 5 subjected to interdictory measures.

5 million euros in cash

During the searches, also conducted at the home of an entrepreneur from Adro (BS), de facto director of construction companies involved in fictitious transactions for 26 million eurosthey have been discovered large quantities of cash. The sums amount to 5 million euros (of which 1.6 million hidden in the attic, 1.2 million in an office area, 700 thousand euros in a safe, 100 thousand euros in the bedroom and 1.4 million euros in a false bottom of a wardrobe).

Trained dog units

The intervention was supported by the use of dog units specialized in searching for cashwith a trained dog that played a crucial role in the discovery of money hidden in the false bottom.

The other seizures

In addition to bank accounts, they were 20 properties, 18 vehicles, a 15 meter long luxury “Riva” motorboat, 8 Rolex watches and a series of gold jewelery were seized.

The seizure of assets and large sums of money, proceeds of illicit activities, represents a symbolic victory against economic and financial crime, giving back to the community wealth accumulated illicitly over time.