Tuesday, September 14, 2010

Italy Seizes Mafia-Linked Assets Worth $1.9 Billion - BusinessWeek

Italian police seized 15 billion euros in assets from organized crime groups in the 14 months through August, Maroni said on Aug. 15. Among the seizures was Rome’s Cafe' de Paris, famous for appearing in Federico Fellini’s 1960 film “La Dolce Vita.” Investigators said the cafe' was owned by the Calabrian ‘Ndrangheta mafia.

I can only assume that, in response, the Italian mob is now diversifying its investment portfolio to include assets located in other, less seizure-prone jurisdictions.

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