Administrator arrested in Turin: nearly one million euro diverted for Ferrari and Rolex
Fasano Console, 53, was arrested on 4 September by the Guardia di Finanza on suspicion of embezzlement and self-laundering for nearly one million euros.
Manager of historic palazzo in piazza CLN arrested: charges relating to nearly one million euros
The Guardia di Finanza arrested Fasano Console, 53, originally from Foggia but resident in Turin, on 4 September on suspicion of embezzlement and self-laundering. According to torino.corriere.it, the man is alleged to have diverted a total of 939,987.09 euros from the bank accounts of a family whose assets he managed—a mother and two sons—redirecting part of the money towards personal purchases: these included a Ferrari, several luxury motorcycles and some Rolex watches.
The officers presented themselves around lunchtime at the property at the centre of the investigation, a historic palazzo from the 1930s overlooking piazza CLN, at numbers 235 and 243, six floors and two staircases. They executed the detention order signed by investigating judge Antonio Borretta, a document of nearly 400 pages which summarises the investigation coordinated by public prosecutor Elisa Buffa.
The money: rental fees and bank overdraft
According to the Fiamme Gialle's findings, the diverted sums came largely from rental fees paid by the building's tenants and from a portion of a 1.5 million euro bank overdraft intended for the building's renovation. The suspect is alleged to have failed to transfer these amounts to the accounts of the family that owned the property, retaining them for personal use.
To this is added a second charge: the movement of money to other accounts and investment in various activities, carried out—according to the prosecution—to "concretely obstruct the identification of the illicit origin" of the sums. Investigators therefore speak of self-laundering.
The defence: "It is all false, a complex matter"
Console, represented by lawyer Wilmer Perga, denies all charges. His version is that the arrest comes at the end of a matter lasting years, marked by powers of attorney signed and then revoked, purchases registered in other names and cross accusations. The investigation began with a complaint filed on 27 April 2023 by one of the two brothers, who on that date had revoked the general power of attorney given to the manager.
The building, between vandalism and evictions
In the background of the investigation stands the troubled history of the building, renovated by architect Piacentini in the 1930s and subject to listing restrictions both externally and internally. The building has been the scene of mischief, injunctions, complaints and civil proceedings between tenants, manager and owner. The lifts had been out of order for months following vandalism, with an estimated repair cost of nearly half a million euros. Among the tenants were professional and private offices, some in arrears, others already subject to eviction orders. Console had previously reported damage caused by plants on terraces and unauthorised irrigation systems.
The mystery of the 3,000 pipes
Investigators point to a further line of enquiry: alleged embezzlement committed in concert with two other persons, concerning 3,000 pipes with an estimated total value of approximately 180,000 euros. Console denies this as well, attributing the matter to the deterioration of professional relations with the client family.
The suspect will now be called to answer the charges before the magistrates.
Source: Google News IT — Crime (it)