Cohocton Wind Watch: Italian police seize $1.7 billion from alleged green energy Mafioso
Cohocton Wind Watch is a community citizen organization dedicated to preserve the public safety, property values, economic viability, environmental integrity and quality of life in Cohocton, NY and in surrounding townships. Neighbors committed to public service in order to achieve a reasonable vision for a Finger Lakes region worthy of future generations.


READ about the FIRST WIND Connection to the Obama Administration

Industrial Wind and the Wall Street Cap and Trade Fraud




********************************************************************

Thursday, April 04, 2013

Italian police seize $1.7 billion from alleged green energy Mafioso

Italian authorities have seized a record $1.7 billion in assets from a Sicilian green energy entrepreneur with alleged ties to the Mafia.
 
Vito Nicastri, called the “king of alternative energy” for his extensive holdings in green-energy companies, stands accused of evading taxes by only declaring a fraction of the value of his businesses. He has been placed under surveillance by police and must remain in Alcamo, Italy for three years.
 
Police seizures included “43 companies, 98 pieces of real-estate including buildings, homes, stores and land; 66 bank accounts, credit cards and investment funds,” according to the Associated Press.
The Washington Post reported that the Mafia has been getting involved in the green energy businesses for the past decade as governments began to pour vast sums of money into renewable energy development.
 
The mob has been shaking down local land permit holders in order to lease their permits to green-energy developers and get a generous subsidy for doing so. The Italian government has been investigating the “eco-corruption” and has seized about 30 wind farms and several solar power plants on the island of Sicily. Italian officials have also frozen more than $2 billion in assets and arrested alleged Mafia crime bosses, along with corrupt local officials and businessmen.
 
However, this phenomenon is not isolated to Italy. Spain has also suffered from “eco-corruption,” with some companies illegally receiving government subsidies.

Source

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home


Click on link to submit your SEC complaint on the
First Wind Holdings Inc. IPO public offering


TEN Reasons
Why the SEC should not allow First Wind to be listed on NASDAQ

First Wind Holdings Inc. 12/22/09 SEC S1/A IPO Filing

First Wind Holdings Inc. 7/31/08 SEC S1 IPO Filing

May 14, 2010 addition to the First Wind Holdings Inc. SEC S1A IPO Filing

August 18, 2010 amendment 7 to the First Wind Holdings Inc. SEC S1A IPO Filing

October 13, 2010 Filing update to the First Wind Holdings Inc. SEC S1A IPO Filing

New October 25, 2010 Filing update to the First Wind Holdings Inc. SEC S1A IPO Filing


FIRST WIND Lays an Egg WITHDRAWS IPO
after Wall Street no confidence in company




Send email request to join - RIWT Facebook Groupsplus
cohoctonwindwatch@gmail.com

RIWT is open to the public

Risks of Industrial Wind Turbines is a group of citizens and organizations dedicated to preserve the public safety, property values, economic viability, environmental integrity and quality of life of residents and future generations.

**************