ITALIAN USURY OFFERS ORGANISED CRIME AMPLE LAUNDERING OPPORTUNITIES
June 1st, 2011
BY LEE ADENDORFF
EARLIER this year the search of the house of a notorious octogenarian loan shark in Naples made headlines in Italy. The news was given particular attention not because of the elderly gentleman's reputation as one of the city's most prominent usurers, but because of the amount of money investigators found hidden in his home: over Euro EUR5 million (US dollars USD7.15 million) in cash stashed behind tiles and false walls together with hundreds of thousands of Euros in debtor cheques. The case illustrates what Italian authorities have been aware of ...
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