Vito Nicastri

Italian Police Seize $1.9 Billion of Mob Investments in Renewables

By Mitchell Anderson on September 15, 2010

Tags: Reuters, USD, Italian mafia, Italy, money laundering, solar energy, solar power, wind power, bank, Beppe Ruggiero, California, Costantino Garraffa, energy, Francesco Messineo, Italian police, Italian PV, Matteo Messina Denaro, Vito Nicastri

When do you know your industry has become mainstream? When the mob starts using it to launder money. By that yardstick, the renewable energy sector has finally hit the big time.

This week Italian police seized US$1.9 billion in assets allegedly illegally invested by the Mafia in renewable energy companies – the largest mob haul in history.

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