Overview

• The Procura di Bolzano says the former consultant has been located in Italy, searched, and is under investigation for fraud, theft against the bank, and unlawful financial intermediation.
• Guardia di Finanza seized phones, computers and documents during searches in Vittorio Veneto, and the sector regulator imposed a 180‑day precautionary suspension.
• Authorities identify eleven alleged victims in the province of Bolzano and describe a scheme from 2015 to December 2024 involving falsified statements, blank‑signed forms and forged signatures.
• Loss totals remain disputed, with local reports near €20 million and Intesa Sanpaolo sources indicating about €2 million, as forensic accounting reconciles the figures.
• Investigative records cite a €131 million gap between portfolios shown to clients and actual balances, with funds allegedly routed to non‑client accounts as Intesa confirms it filed a complaint in May and began internal checks and client outreach.