"Italy Seizes $1.9 Billion Of Assets As Mafia Goes Green"

"Italy Tuesday seized Mafia-linked assets worth $1.9 billion -- the biggest mob haul ever -- in an operation revealing that the crime group was trying to 'go green' by laundering money through alternative energy companies.

Investigators said the assets included more than 40 companies, hundreds of parcels of land, buildings, factories, bank accounts, stocks, fast cars and luxury yachts.

Most of the seized assets were located in Sicily, home of the Cosa Nostra, and in southern Calabria, home of its sister crime organization, the 'Ndrangheta.

At the center of the investigation was Sicilian businessman Vito Nicastri, 54, a man known as the 'Lord of the Wind' because of his vast holdings in alternative energy concerns, mostly wind farms."

Philip Pullella reports for Reuters September 15, 2010.


Source: Reuters, 09/15/2010