• 4 minutes Will Libya Ever Recover?
  • 9 minutes USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 13 minutes What Can Bring Oil Down to $20?
  • 16 minutes Venezuela continues to sink in misery
  • 1 day Alberta govt to construct another WCS processing refinery
  • 12 hours Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 16 hours Instead Of A Withdrawal, An Initiative: Iran Hopes To Agree With Russia And Turkey on Syrian Constitution Forum
  • 17 hours Water. The new oil?
  • 1 hour Anti-pipeline activism isn't generating more investment in renewable energy
  • 50 mins Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 16 mins "Brothers" in Arms: Kremlin Presses On With Turkey Missile Contract
  • 13 hours Storage will in time change the landscape for electricity
  • 1 day Let's Just Block the Sun, Shall We?
  • 16 hours Regular Gas dropped to $2.21 per gallon today
  • 2 days Quebecans Snub Noses at Alberta's Oil but Buy More Gasoline
  • 2 days U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
Has OPEC+ Stabilized Oil Markets?

Has OPEC+ Stabilized Oil Markets?

According to the IEA, OPEC+…

Italian Anti-Mafia Police Seize €1.3 Billion from the King of Alternative Energy

At the end of February I wrote an article about the Mafia’s move into the renewable energy sector; encouraged by the generous subsidies and the legal front that it can offer the family.

I mentioned that in 2010 the Italian police had seized assets and property from the Vito ‘The Lord of Wind’ Nicastri. I apologise, but this it appears was wrong. At that time they had in fact only frozen his assets; now they have fully seized them.

In an operation by the Italian anti-Mafia investigators, the largest amount ever, a total of €1.3 billion ($1.7 billion) in cash and property, was seized from Vito, who is believed to have close ties to the Mafia, including Matteo Messina Denaro, the Sicilian Mafia godfather. The police made the seizure based on the accusations that he had only declared a small fraction of his businesses to the tax authorities. It seems even the Mafia cannot outrun the taxman.

Related article: Has Belgium Cracked the Problem of Storing Wind Power Electricity?

The seizure included: 43 companies, 98 pieces of real estate, 66 bank accounts, credit cards, and investment funds.

Vito Nicastri, a 57 year old native of Alcamo, in the province of Trapani, Sicily, has been placed under surveillance and told he must not leave his home city for three years.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Keef Wivanef on April 04 2013 said:
    When will they arrest Andrea Rossi the Prince of bull-plop with his gigantic Ecat scam?
    OFF WITH HIS TESTURCLES!!!

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News