mining farm built with illicit proceeds
The post mining farm built with illicit proceeds appeared on BitcoinEthereumNews.com. Crypto Fraud: According to the latest sources, assets worth approximately €5.5 million have recently been seized in a tax and money laundering case involving a miningfarm financed through tax evasion. See below for full details. Mining farm fruit of tax evasion: the latest crypto fraud As expected, the financial authorities of the Padua Provincial Command and the Special Unit for the Protection of Privacy and Technological Fraud in Rome, in close collaboration with the Padua Public Prosecutor’s Office, recently carried out a preventive seizure operation. The purpose of the operation was to confiscate the assets and financial resources of two businessmen and their companies involved in a tax evasion and money laundering investigation. The case of tax evasion, estimated at around EUR 5.5 million, arose from the simulation of service contracts which in reality concealed an illegal supply of labour. It is important to emphasise the distinction between the two types of contract: management involves the supply of labour by an authorised agency for the benefit of a company, whereas contracting involves the fulfilment of the client’s requirements using the contractor’s own resources and organisation. It follows that, in the case of contracting, the workers are answerable to the contracting company, whereas in the case of leasing, it is the user who gives instructions to the workers. The contracting companies, operating mainly in the provinces of Padua and Verona, allegedly recruited the staff through a consortium company operating in Veneto. However, this company was not authorised to manage the workforce, but rather to assist the companies with advice and business planning. According to official records, this company can be traced back to the two suspects involved in the preventive seizure operation. The role of the intermediary body between cooperatives and clients in the work process According to the sources, the…
The post mining farm built with illicit proceeds appeared on BitcoinEthereumNews.com.
Crypto Fraud: According to the latest sources, assets worth approximately €5.5 million have recently been seized in a tax and money laundering case involving a miningfarm financed through tax evasion. See below for full details. Mining farm fruit of tax evasion: the latest crypto fraud As expected, the financial authorities of the Padua Provincial Command and the Special Unit for the Protection of Privacy and Technological Fraud in Rome, in close collaboration with the Padua Public Prosecutor’s Office, recently carried out a preventive seizure operation. The purpose of the operation was to confiscate the assets and financial resources of two businessmen and their companies involved in a tax evasion and money laundering investigation. The case of tax evasion, estimated at around EUR 5.5 million, arose from the simulation of service contracts which in reality concealed an illegal supply of labour. It is important to emphasise the distinction between the two types of contract: management involves the supply of labour by an authorised agency for the benefit of a company, whereas contracting involves the fulfilment of the client’s requirements using the contractor’s own resources and organisation. It follows that, in the case of contracting, the workers are answerable to the contracting company, whereas in the case of leasing, it is the user who gives instructions to the workers. The contracting companies, operating mainly in the provinces of Padua and Verona, allegedly recruited the staff through a consortium company operating in Veneto. However, this company was not authorised to manage the workforce, but rather to assist the companies with advice and business planning. According to official records, this company can be traced back to the two suspects involved in the preventive seizure operation. The role of the intermediary body between cooperatives and clients in the work process According to the sources, the…
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