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Scam artist kidnapped with nearly €2 million of fake money at Hilton in Milan

A 21-year-old French woman was kidnapped at the Hilton Milan by four armed men as she was about to scam four Indian business people with a suitcase of mainly fake money.

Scam artist kidnapped with nearly €2 million of fake money at Hilton in Milan
Are you real? Photo: underworld1/Depositphotos

It sounds like a surreal comedy of errors. And in many ways it was. 

The woman was carrying a suitcase with €2million euro, mainly fake bank notes, when she was kidnapped from the lobby at the Hilton Hotel in Milan by four armed men of Albanian origin. 

Guests at the hotel reported to authorities seeing four armed men escort the woman out of the hotel. The police at first thought it was a standard kidnapping, until they realized that the woman herself had been at the hotel to try and scam four Indian business people.

The kidnappers got away in an Alfa Romeo 147 and a high-speed chase ensued through the streets of Milan's city centre, reports Repubblica, before they were apprehended by the police. Nobody was injured, according to reports.

The recovered suitcase contained a top layer of €65,000 in real currency – the rest was counterfeit money. It's presumed that somebody close to the woman informed the four kidnappers of her presence at the hotel, albeit not of the fake money. 

The French woman was said to be conducting a 'rip deal,' a common scam whereby buyers purchase real estate, valuable assets (e.g. jewellery) or other currencies using counterfeit money. 

READ MORE: Italian police bust gang trafficking in stolen ancient artefacts

 

CRIME

Italy has most recovery fund fraud cases in EU, report finds

Italy is conducting more investigations into alleged fraud of funds from the EU post-Covid fund and has higher estimated losses than any other country, the European Public Prosecutor's Office (EPPO) said.

Italy has most recovery fund fraud cases in EU, report finds

The EPPO reportedly placed Italy under special surveillance measures following findings that 179 out of a total of 206 investigations into alleged fraud of funds through the NextGenerationEU programme were in Italy, news agency Ansa reported.

Overall, Italy also had the highest amount of estimated damage to the EU budget related to active investigations into alleged fraud and financial wrongdoing of all types, the EPPO said in its annual report published on Friday.

The findings were published after a major international police investigation into fraud of EU recovery funds on Thursday, in which police seized 600 million euros’ worth of assets, including luxury villas and supercars, in northern Italy.

The European Union’s Recovery and Resilience Facility, established to help countries bounce back from the economic blow dealt by the Covid pandemic, is worth more than 800 billion euros, financed in large part through common EU borrowing.

READ ALSO: ‘It would be a disaster’: Is Italy at risk of losing EU recovery funds?

Italy has been the largest beneficiary, awarded 194.4 billion euros through a combination of grants and loans – but there have long been warnings from law enforcement that Covid recovery funding would be targeted by organised crime groups.

2023 was reportedly the first year in which EU financial bodies had conducted audits into the use of funds under the NextGenerationEU program, of which the Recovery Fund is part.

The EPPO said that there were a total of 618 active investigations into alleged fraud cases in Italy at the end of 2023, worth 7.38 billion euros, including 5.22 billion euros from VAT fraud alone.

At the end of 2023, the EPPO had a total of 1,927 investigations open, with an overall estimated damage to the EU budget of 19.2 billion euros.

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