- Two people have been arrested in Italy in connection with a €50 million VAT fraud scheme.
- The scheme involved a complex network of companies in multiple EU countries.
- The primary suspect is believed to have managed the fraud from Moldova, selling over 3 million items to shell companies in Italy.
- The goods were sold below market value and in multiple steps to evade detection.
- The suspects are estimated to have evaded €50 million in VAT payments.
- Cash, smartphones, and documentation related to fraud were found during searches of the suspects’ homes.
- The European Public Prosecutor’s Office (EPPO) is responsible for investigating and prosecuting crimes against the financial interests of the EU.
Source: eppo.europa.eu
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
