A €40,000 pudding…

If you’re gong to hide cash then I guess hiding it in the oven may not be a good idea.

Alberto Vazzoler used to be a dentist. He moved on from that but his new activities were allegedly far from legal as he’s currently on trial in Italy accused of money laundering.

Money Laundering is where “dirty” illegally obtained money is “washed” and then reintroduced into general circulation as clean money. In simple terms, criminals disguise the method of obtaining the money from criminal activities to make it look as though it was derived from legitimate sources.

Now although Mr Vazzoler was a dentist, he’s been accused of making serious amounts of money by way of laundering more than €46 million for criminals across Europe.

Together with his accomplices, he’s been accused of channelling funds through various off shore tax havens and amongst other things, “cleaning” some money by way of converting cash into gold.

His girlfriend, Silvia Moro, has also been charged with money laundering.

Details of some expensive cooking emerged during a court session last week when an investigator told the course that Ms Moro sent a WhatsApp message to her sister saying “I’ve done a stupid thing. I put a strudel in the oven to cook where €40,000 was hidden.”

Although a cost of €40,000 would probably make the strudel the most expensive pudding in the world I guess that the couple have more pressing things on their minds now they are in court charged with money laundering and tax evasion which could result in a lengthy prison sentence.

Go to jail for another...

It’s always best to keep on top of your tax affairs. Submit your returns on time and make sure they are completed accurately to the[..]

KPMG fires unethical partners

Picture the scene – you’re the senior auditing partner of KPMG in America with more than 30 years of experience serving some of KPMG’s most[..]

Not very ethical...

When is a bribe not a bribe? US bank JP Morgan Chase thought they had the answer to this question. Unfortunately for them (but fortunately[..]

KPMG partners cheated in exams.

Ethics are pretty important if you’re a partner in an accounting firm. Unfortunately for these guys though they weren’t the most ethical of people as[..]

A bitter coffee taste...

Anyone that has studied hard for their exams will almost certainly at one time or another utilised the services of a strong coffee. Whilst desperately[..]

Time up for Swiss watches?

Switzerland has a reputation for being the home of some of the most prestigious watch manufacturers. Omega, Tag Heuer and Breitling are just three if[..]

How much for a speech?

The salary of Boris Johnson, the current UK prime minister is just over £150,000. I’m sure that most Prime Minsters don’t do the job for[..]

KPMG fined £700,000.

KPMG in the UK has been fined by the Financial Reporting Council for what only can be described as pretty poor auditing. The situation behind[..]

Manchester Utd and Deloitte

Deloitte has stated that Manchester United are better than Liverpool. Now before anyone starts getting concerned that Deloitte are moving away from finance and becoming[..]