MILAN — Three former employees of e-commerce platform Yoox are facing accusations of the Italian equivalent of mail and wire fraud, aggravated by the trust relationship with the organization and the caused patrimonial loss.
According to a statement issued on Wednesday by the Guardia di Finanza, Italy’s tax police, the damage amounts to around 1 million euros, which the three colleagues misappropriated between 2014 and 2018. Yoox customers were not directly damaged by the fraud.
Former performance marketing director for off-season Thomas Motti; former manager of affiliation Valentina Ghezzi and Fabio Novarino — who after an eight-year stint at Yoox founded his own company Popsconto dedicated to off-price bargains — are charged of scheming to create a number of fake web sites tampering with Yoox’s informatics system to secure illicit commissions for each purchase. The sums were then transferred to bank accounts in Belize, Italy and Germany.
Reached on Thursday, Milan-based prosecutor Eugenio Fusco, who spearheaded the investigations along with attorney Paola Pirotta, confirmed the information, but didn’t provide additional details. As part of the investigation, the Guardia di Finanza has been able to recover 166,000 euros from the foreign bank accounts.
Due to the ongoing investigations, Yoox declined to comment.
All three employees — who were removed by the organization — were sent to trial, although a date for the arraignment has yet to be disclosed.