Overview
- Italian financial police, which announced the seizures Thursday, said a Florence judge approved freezing about €20 million in property, artwork and accounts.
- Investigators traced the money to 11 properties, 14 vineyard and olive-grove plots, artworks and other holdings in and around Florence.
- Authorities say the funds moved through foreign companies and layered transactions designed to hide their source before being spent in Italy.
- In January, Andress filed a criminal complaint in Switzerland saying a longtime wealth manager drained about 18 million Swiss francs over eight years.
- No arrests have been disclosed as Italy and Switzerland work the case, a path that could focus on returning assets given the adviser’s reported 2025 death.