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Antonio Conte Duped of £27 Million in England

Antonio Conte Scammed in England before Leaving Chelsea

Former Chelsae manager Antonio Conte has been reportedly duped and he is doing everything within his might to recover the money which he invested in a business a London-based investment during his spell at Premier League club Chelsea. The money is said to amount to £27 million, the Italian manager who could be leaving Italian next season due to the failure of winning at least a trophy this season, he lost the final to Sevilla.

According to a ruling by an English judge David Foxton, England-based Italian financier Massimo Bochicchio earlier convinced eight people, including the Inter Milan manager, to invest in his company, Kidman into his business which has turned out to go wrong. Bochicchio promised high returns, with Antonia Conte expecting not less than a figure around €30 million (£27 million) by June 30 2020, but he is yet to be paid.

The victims of the business sent their complaints on the 7th of July through email to the address they were given, only to discover it was a fake address. It was gathered that the tactician fell victim when he was assured that Kidman was supported by investment bank HSBC, an institution where Bochicchio had worked before initiating his own business in 2012.

Antonio Conte is desperate in recovering the £27m he lost in the investment scam. After Antonio Conte brought the documents to the court, HSBC denied playing any role at the company, while the court discovered that the invested funds were used for other purposes as against what Bonicchio originally promised. Bochicchio has since had a high number of assets frozen, including luxury Miami and London properties as well as bank accounts totalling around $61.4 million (£47m).

One of the properties is in Holland Park, London, where Antonio Conte lived while Chelsea manager. The court has ordered payment of £6.5 million to Luxembourg company Palesa Sarl, and £27m to Conte, and Bochicchio risks seizure of his assets if he does not comply.

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