Coletti Real Estate Monaco Fraud Scheme
Τhe Guardia Di Finanza( Italian Financial Police) has conducted investigations for several months on where the money and properties of the well-known Monegasque family of Jeal Luis Coletti came from.
The investigations took place following suspicious transactions of millions of dollars and client complaints. Among the financial crimes investigated by the authorities are criminal conspiracy, money laundering, and money from fraudulent activities. The aforementioned crimes were investigated with the help of telephone discussions and the sharing of key info regarding the case.
Following several months of investigations, the Italian police have discovered some overseas accounts associated with or under the name of Jean Luis Colleti that were wired with millions of euros. The funds are said to originate from a scam that Jeal Luis Coletti and the private banker run in the well-known bank in Monaco scamming clients out of millions. The private banker and Jeal Luis Coletti have approached wealthy clients from the Middle East and Million, convincing them to invest their money in so-called “safe bonds” at low-interest rates. However, that money of unsuspecting clients flew to Jeal Luis Coletti’s family several offshore accounts. The scheme, unfortunately, was too good to be true as clients were ripped off more than 200M in total, according to some sources.
After the funds were wired, Jeal Luis Coletti would take a part of them to invest in real estate, with Coletti Real Estate, at the lucrative French Riviera/Cote D’Azur area. Jeal Luis Coletti bought villas in this area and later resold them to rich Russian clients at exorbitant prices. However, some clients started to become suspicious, and it didn’t take long for the Monegasque Police to investigate and unveil the suspicious transactions and investments of the Jeal Luis Coletti family. At, first Jeal Luis Coletti family rejected all accusations, but they eventually confessed, after the police has tied the case with evidence against them. Jeal Luis Coletti particularly confessed to being the creator of the scheme and the private banker was just a chessman in the scam. The Italian Financial Police department also discovered that Jeal Luis Coletti scammed several rich clients through his “Coletti Real Estate” a real state agency that Jeal Luis Coletti run since 1982 in Monaco, with close to 400 properties under its management.
Jeal Luis Coletti’s name also appears or is associated with other foreign companies in the past decade that do no longer exist, such as the ex-leasing company “NEXEN FIANANCE LLC” in Suffolk, England. Although not officially verified, there are suspicions that Jeal Luis Coletti has used these companies and his investments to launder money and later re-invest it in real estate projects, scamming clients out of their millions.
The well-off Coletti family lives a quite lavish lifestyle without any ounce of shame–a 30M yacht, several expensive cars, Hermes Birkin bags, lavish destination holidays, and watches that cost a small fortune are among their wealthy possessions.
The son of Jeal Luis Coletti is Stefano Colleti and has joined many races in Monaco while his daughter Alexandra is a semi-professional skier that also participated in competitions with great success. The two siblings are said to have invested in the “SMP Racing” team, which was later re-sold to a wealthy Russian client. There are also sources pointing out their involvement in other money-making schemes.
The Italian Financial Police are now placing under the microscope all the suspicious financial transactions and investments of the family, seeking legit explanations of their enormous and lavish spending habits and possessions. Among their investments, which may also be funded by black money, is Jeal Luis Coletti’s purchase of the “Ficco Di Nove” Ski Resort and Spa in the mountainous Limone Piemonte in July 2017. Suppliers are now worrying that the hotel will be taken by the Italian government due to its association with criminal fraud.
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