Italian authorities are cracking down on the Corsair Group Ponzi scheme.
CONSOB has already been banned the corporate’s web site nationwide.
Now a 49 12 months outdated suspect’s residence has additionally been raided, and he’s been warned of pending legal motion.
Corsair Group is what’s left of Frank Rickett’s Cloud Horizon Ponzi scheme.
Corsair Group markets itself as “an Worldwide Consortium of Corporations”, which is a flowery time period given to the shell firm’s Frank Ricketts set as much as launder invested funds by.
These embody Sepco, Socium Holdings, Ecovo, Amplivo, EltronX and Plastic Waste Resolution.
After organising Corsair Group Frank Ricketts cashed out and disappeared.
Jussi Veikko Saloranta, an outdated affiliate of Staffan Liback’s and Rickett’s chosen frontman for Sepco Industries, was left in cost as Corsair Group’s CEO.
Dubbed the “inexperienced rip-off” as a consequence of its Ponzi ruse being recycling, the Italian operation focuses on Corsair Group’s “Italian chief”.
Again in January Corsair Group named two “govt coordinators” for Italy on its web site:
At present solely Roberto Frezza is listed. Onl LinkedIn Frezza cites himself as “Head of Italy at Corsair Group Worldwide”.
Frezza is an effective candidate however doesn’t look forty-nine.
Andrea Cerio however…
Cerio being primarily based out of Presaro, syncs with the Financial-Monetary Police Unit of the Pesaro Finance Police main the investigation.
For now Italian authorities aren’t naming their suspect. All we all know is as a “precautionary measure”, he’s been prohibited from “working towards the occupation” for twelve months.
Unsure if that occupation is MLM or one thing else. Assuming it’s not a blatant coverup, this ban may clarify Cerio disappearing from Corsair Group’s web site.
As reported by Vivere Pesaro;
The person, making use of a community of subordinate collaborators of whom he professed himself “chief” and “Italian supervisor”, promoted and positioned by distant communication methods (primarily all social networks and a few devoted web sites), monetary devices / funding providers and actions, in line with the accusation in violation of artwork. 166 of the Consolidated Legislation on monetary intermediation provisions (monetary abusiveness), an offense that gives for a authorized penalty of as much as 8 years of imprisonment.
The Financial-Monetary Police Unit of the Pesaro Finance Police’s investigation into Corsair Group continues. Authorities are reported to be trying into Italian promoters of the scheme.
CONSOB, Italy’s high monetary regulator, banned Corsair Group nationally again in January.