"Bank fraud and money laundering: Financial management raid. Property worth15 million euros found."

The entrepreneur, managing an English company that did not have permission from the regulatory authority and was collecting savings in large amounts from unsuspecting investors, actually only invested money in his own pockets. This entrepreneur has built a substantial wealth.

In February of this year, a precautionary measure judge from Ancona issued four orders that led to the obligation for three residents of Marche to reside in a specific place and to house arrest for one Roman. Additionally, an arrest was imposed on real estate worth over15 million euros, including hotels, holiday homes, and buildings.

The investigation into the "Ghost broker" by the economic and financial police department of the financial guard from Ancona is expanding and reaching Lazio, affecting the prosecution ofRome as well as the Doric prosecution.

Unsuspecting clients lured by easy earnings invested their money in stocks of a company that was actually an empty shell, and every time they brought in new victims to the scheme (a classic Ponzi scheme), the company churned the money. After a thorough investigation of assets and bank accounts, the Doric financial guard uncovered the crime of fraud and money laundering by an Italian entrepreneur hailing fromRome, who was placed under house arrest in February.

** At least35 properties belonging to him were seized in the provinces ofRome and Agrigento, including several residential buildings and holiday homes, a hotel, cars, and commercial vehicles totaling more than12 million euros. Another14 people are under investigation. Brokers and former bank directors are suspected.