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Submission + - Italian Telcos Caught up in Massive Mafia Fraud (itworld.com)

An anonymous reader writes: According to an ITworld article, Fastweb and Telecom Italia Sparkle, two of Italy's biggest telecom operators, were caught up in a €2 billion (US $2.7 billion) fraud, allegedly orchestrated by members of the Calabrian Mafia. The fraud involved the sale and purchase of non-existent international telephone traffic and evasion of €400 million in VAT (Value Added Tax). Of the 56 people accused of participating in the fraud, the most high-profile was Silvio Scaglia, a former CEO of mobile-phone operator Omnitel and founder of the fast-growing Internet and telephone company Fastweb.

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