An Italian national who opened bank accounts into which fraudulently obtained funds were transferred in connection with an “international criminal organisation” has been jailed for three-and-a-half years.
iuseppe Diviccaro (46) accepted he opened seven bank accounts with seven separate banks into which fraudulently obtained funds were transferred and then moved out “very quickly”.
Dublin Circuit Criminal Court heard that while most of the accounts were opened using a legitimate Italian ID card, Diviccaro used the same fraudulent utility bill also being used by a large number of other persons of interest.
The court heard that over €200,000 was transferred into these accounts, with approximately 70% of those funds being quickly transferred or withdrawn.
Diviccaro with an address at Addison Drive, Glasnevin, pleaded guilty to knowingly contributing to the activities of a criminal organisation within the State on dates between June 21, 2018 and July 17, 2020.
He also pleaded guilty to offences of money laundering within the State on dates between June 22, 2018 and April 6, 2019. He has three previous convictions in Italy, including convictions for damaging a public building and making a false statement regarding his own identification.
Detective Garda Angela Gavin told Fionnuala O’Sullivan BL, prosecuting, that the Garda National Economic Crime Bureau became interested in the emerging trend of bank accounts being opened in Italian names in Ireland which were then receiving money from invoice redirect frauds.
Det Gda Gavin said an invoice redirect fraud is when companies receive emails purporting to be from legit suppliers saying they have changed bank details, causing money to be transferred into the wrong account which is generally quickly transferred elsewhere.
She said the Bureau received reports from banks regarding suspicious activity involving different Italian people opening accounts with legitimates ID cards, but using the same address and utility bill.
Det Gda Gavin said the head of the Bureau formed the view that these people were part of…