Europe Scandals

Italian fraudster Alessandro Rinchi Found in Monte Carlo

Italian fraudster Alessandro Rinchi Found in Monte Carlo

According to the latest data, former real estate agent Alessandro Rinchi is quietly living in the Principality of Monaco after more than 15 years since he was charged with financial crimes and fraud.

Between 1994 and 2002, estate agent and former financial promoter Alessandro Rinchi ran an investment fraud scheme in the Italian province of Imperia.

As a result of falsification of personal affairs and misconduct to collect savings, Rinchi fraudulently received about 17 million euros from unsuspecting depositors and was prosecuted.

The victims of Alessandro Rinchi scheme were small investors who entrusted their savings to a scammer. Two of the victims committed suicide in despair over their losses.

Investors are currently hoping that the money stolen by fraudulent means will be returned to their rightful owners.

To be continued …

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