Facade bonus scam, supercars and superbikes discovered

Two suspects, seals on a car and 16 valuable motorbikes. The work of the financial police hypothesizes a credit scam thanks to inflated declarations. Illicit earnings used to ride supercars and superbikes

– Milan

Construction bonus fraud to buy Ferrari and Lamborghini: seizure starts. There are two suspects: a 49-year-old from Legnano (Milan) and a 48-year-old resident in Uboldo (Varese). The financiers of the provincial command of Varese and Milan executed a seizure decree issued by the investigating judge of Busto Arsizio, at the end of an investigation which involved a system of fraud in the context of the facade bonus. In particular, the activity concerned credits unduly generated by a construction company and its legal representative with the over-invoicing system for two million euros. Investigators seized 16 motorbikes (Ducati, Honda, Vyrus and others), 10,000 euros of company shares and a gold Rolex Yachtmaster watch, found in a search, worth around 30,000 euros. With the huge financial availability, the company currently has several luxury cars in use including: Lamborghini Huracan Sto, Ferrari 812 Superfast, Ferrari 488, Ferrari FF, Ferrari F8 and an exclusive Radical track car, used both by the legal representative for personal purposes and for a nascent short-term rental business.

300% more value

The investigation of the Gallarate company concerned the analysis of the credits foreseen within the so-called 90% facade bonus unduly generated by a construction company and its legal representative, through the over-invoicing system, the non-due portion of which was calculated , as regards the seizure decree, in over 2 million euros. For example, although the condominium had paid the appointed company 40 thousand euros, corresponding to the sum of 10% of the cost of the works and 18%, again calculated on the cost of the works, as financial charges, the construction company would have issued and transmitted an invoice for 400 thousand euros to the Revenue Agency. For the purposes of their illicit determination, the financiers proceeded to analyze the documentation concerning construction sites in Gallarate, Cardano al Campo, Cassano Magnago, Busto Arsizio and Parabiago, comparing the documentation acquired at the company headquarters with the declarations made by the owners of the properties and through the results of the current accounts by examining the reports for suspicious transactions by the company and its legal representative. As a result, an illicit mechanism was revealed whereby the condominium or the individual owner, unaware, received the invoice to be paid and scant documentation in relation to the work to be carried out. However, the same construction company then proceeded to generate an enormously higher tax credit for the customer, up to approximately 300% compared to that due.

anomalies

The activity carried out by the soldiers of the Legnano group, however, arose from the outcome of a tax audit against the administrator who also owns another business operating in the construction and renovation of buildings sector, aimed at combating fraud regarding the assignment of credits. Therefore, a total of 812 thousand euros in credits, 815 thousand euros in cash, three properties and related garages, a car, 16 motor vehicles and 20 thousand euros in company shares relating to the two companies were seized. The extensive inspection activity, aimed at verifying the existence of the regulatory conditions that give the right to “generate and market” tax credits deriving from subsidized interventions, has made it possible to find, also through interventions on the Parabiago construction sites, clear anomalies, critical issues and elements of fraud in relation to controlled building interventions. For this reason, these transferred tax credits, amounting to over 1 million euros, were also considered “non-existent” and the competent Prosecutor’s Office was therefore involved for the crimes of undue receipt of public funds and aggravated fraud for the obtaining of public funds by one of the directors, as well as the issuing of invoices for non-existent operations by the second reported, also a director of one of the companies.



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