The financiers of the Faenza Company have implemented a emergency preventive seizure issued by the Public Prosecutor’s Office of Ravenna, against seven companies and five individuals belonging to a partnership that obtained undue profits, for over 2 million euros, to the detriment of 650 victims residing in 13 regions (Veneto, Trentino-Alto Adige, Tuscany, Sicily, Sardinia, Piedmont, Marche, Lombardy, Liguria, Lazio, Emilia-Romagna, Campania, Basilicata).
Fraud and criminal association
Today’s provision follows the issue, last December, of 4 precautionary custody orders in prison carried out by the Faenza Yellow Flames for the crimes of criminal association, fraud, self-laundering and issuing false invoices, and which is the result of further investigations carried out by the investigators also on the patrimonial side.
EU funding and advances
According to what was reconstructed by the investigations coordinated by the Public Prosecutor’s Office of Ravenna, the fraud mechanism was aimed at offering the victims of the scams the possibility of accessing financing provided by European Union bodies at very advantageous conditions. But to obtain them it was necessary to pay a sum, by way of preliminary investigation for the practice, to be credited to the bank accounts of companies attributable to the association, based in Rome, Turin, Viareggio and Cagliari. The promised funding for a total amount of around 60 million euros, however, never arrived, as European funds turned out to be completely non-existent.
This is what also emerges from the stories of the numerous people interviewed by the investigators, who were deceived by the false proposal of obtaining an incentive to purchase houses, start business ventures or obtain the liquidity necessary to satisfy their personal needs. The companies proposing the aforementioned loans were subjected to seizure, together with all the company assets referable to them. The provision also concerned the financial resources of the suspects up to the amount of the entire illicitly obtained profit.
