Massimiliano Lo Maglio sentenced for aggravated fraud in Desenzano

The entrepreneur Massimiliano Lo Maglio, 46 years old, has been sentenced to six years in prison for aggravated fraud against the State. The verdict was issued at the conclusion of a fast-track trial, during which Lo Maglio partially admitted to the charges, claiming that he did not act alone. Arrested by the Guardia di Finanza in Desenzano, the defendant was accused of obtaining funds related to the PNRR by inflating the financial statements of his struggling businesses, unlawfully receiving over 700,000 euros through Simest Spa and Mediocredito Centrale. In addition to aggravated fraud, the charges included money laundering and the unlawful receipt of citizenship income, as Lo Maglio was found to have no assets. His case was separated from that of the other suspects, and despite his statements during the trial, the six-year sentence remains upheld. Currently, the entrepreneur is serving his sentence in prison, having already accumulated legal precedents. Italian Version