Tax fraud, yacht seized from a convicted businessman

It is attributable to Federico Bellezza, 28, and to his father, already convicted of tax fraud, the mega yacht flying the British flag seized by the soldiers of the Guardia di Finanza at the disposal of the investigating judge of Milan and at the request of the prosecutor Paolo Storari.

    Beauty had participated in 2016 in a docureality entitled "Young and Rich" which described the life of the so-called "Rich kids", the children of wealthy families.

    The 32-meter luxury yacht moored at the port of Sanremo (Imperia) is precisely attributable to the Turin entrepreneur, operating in the industrial robotics sector, already convicted, and to his son.

    The investigations of the judicial police, delegated to the Economic and Financial Police Unit, have revealed a complex fraudulent mechanism with the use of false invoicing functional to self-laundering, with the interposition of foreign companies.

    The use of the company vehicle under English law, whose share capital was held "in trust" by other foreign legal entities, was used to hide the origin of the funds of illicit origin and the beneficial ownership of the mega-yacht, attributable to the entrepreneur under investigation and to the son.

    Hence the accusations of self-laundering from tax evasion and fictitious registration of assets.