Italian police on Monday arrested Swiss baron and financier Filippo Dollfus De Volckersberg, who allegedly helped Italians launder "vast" sums of cash garnered from graft, embezzlement, tax evasion, and money-laundering.
De Volkersberg was arrested in Busto Arsizio in the northern Lombardy region.
He masterminded a transnational money laundering ring and his holding company based in Lugano, Switzerland, operated over several decades according to Milan prosecutors.
