The Italian Law Enforcement authorities and particularly the Guardia Di Finanza Italian Financial Police Department) have scrutinized for several months the origins of the possessions of the privileged Monegasque family of Jean Louis Coletti. The investigations were conducted in the context of questionable transactions worth millions of euros and following customer worries. The Italian police investigators have examined the possibility of Jean Louis Coletti being involved in several financial crimes such as money laundering, criminal conspiracy, and black money funded from unlawful schemes. The above crimes were examined through tapping into the phone talks of Jean Louis Coletti and the communication of evidence concerning the situation.
After some months of investigations, the local authorities have found out that Jean Louis Coletti had under his possession several offshore accounts. The accounts were loaded with millions of euros and were reportedly coming from a fraudulent scheme that Jean Louis Coletti used to run with the help of a private banker in Monaco, defrauding millionaire clients. Jean Louis Coletti was decoying unsuspecting clients from Lebanon and the Middle east, persuading them into putting their money into pretended safe bonds with ridiculously low interest levels. But, the funds travelled across the multiple offshore accounts of Jean Louis Coletti and his family. The hustle was taking off for a long while, making Jean Louis Coletti and his family richer by 200M euros, based on some reports.
Once the money from the victims of the scheme was taken and wired to his accounts, Jean Louis Coletti would exploit a large part of it for buying real estate, mainly in the famous French riviera region. The infamous hustler purchased luxury residences in the region to re-sell them eventually to wealthy Russians at skyrocketed prices. Eventually, clients began to raise some suspicions and the local authorities took notice, starting to meticulously check the shady transactions of Jean Louis Colettiand his family. Initially, Jean Louis Coletti turned down all allegations but he soon spilled the beans on his sneaky scam activities under the pressure of the local investigators. Jean Louis Coletti finally admitted to be the founder of the money-making hustle and to using the private banker as mediator for his plans. Italian authorities also found out that Jean Louis Coletti formed a real estate agency with his family members named after him Coletti Real Estate back in 1982 based in Monaco, managing approx. 400 properties.
In addition to the above, Jean Louis Coletti also seems to have connections with other offshore companies over the last few years–one of these is the former leasing firm called “NEXEN FINANCE LLC” in England. Despite a lack of official evidence, there are some signs that Jean Louis Coletti took advantage of these firms to fund his investments and launder the money that came from the pockets of unsuspecting clients.
The privileged Colleti family isn’t shy when it comes to showing off their gigantic wealth–which includes several luxury sports cars, mansions, high-end vacations, watches, and Hermes Birkin bags among others.
Stefano Coletti, the son of Jean Louis Coletti has dabbled with semi-professional formula races while his daughter Alexandra Coletti has taken part in several ski championships and even won some trophies. The two Coletti siblings have reportedly invested in the SMP Racing group that they resold later to an affluent investor from Russia. Some sources also refer to their involvement in other money-making projects.
The Italian police investigators are now keeping tabs on the dubious trade-odds and associations of the Coletti family, trying to untie the knot behind the wealthy and exorbitant spending habits of the family. The investigations include researching the most recent investments of Jean Louis Coletti and namely his purchase of the high-end ski resort and spa known as “Fiocco Di Neve” in the Limone Piemonte mountains, in 2017. Hotel suppliers, however, are now bothered that the resort will be taken over by the Italian authorities due to the owner’s connections with financial crimes.
