Mario Adinolfi arrested in Rome: house arrest for fraud and unlicensed financial activity
The leader of the Popolo della Famiglia has been detained at dawn on 8 July. Accused of fraud, tax evasion and unlicensed collection of savings.
Adinolfi under house arrest: damage of €5 million
Mario Adinolfi was arrested at dawn on 8 July in Rome and placed under house arrest, according to milanofinanza.it. The leader of the Popolo della Famiglia must answer charges of fraud, tax evasion and unlicensed operation of savings collection activity.
At the centre of the investigation by the Rome Public Prosecutor's Office is the so-called "collective betting" scheme, a club founded by Adinolfi himself through which, according to investigators, millions of euros were collected from private investors. These investors were allegedly promised returns of up to 40 per cent per annum, linked among other things to sports betting.
For many participants, such returns never materialised. The initial complaints triggered the investigation, which quantified total damage at close to €5 million. To this figure should be added approximately €400,000 in tax evasion. Adinolfi is also accused of unlicensed financial activity.
Source: Google News IT — Crime (it)