Antonio Conte has reportedly been a victim of an investment scam with trials to recover £27m from the scheme over the past two months.
Reports claim the English judge David Foxton has ruled that England-based Italian financier Massimo Bochicchio convinced eight people with Inter Milan manager included investing in his Kidman company.
Bochicchio had promised high-yield returns and reports details Conte was expecting to be paid around £27m by 30th June 2020. But, the money never arrived.
Individuals involved in the scheme thereafter sent an email asking for payment on 7th July only to discover the address was fake. They had no choice but to turn back to the authorities.
Conte has reportedly been assured that Kidman company was connected to and guaranteed by HSBC, a bank that Bochicchio had worked for until 2012 before starting his business.
Conte brought the document claiming this before a judge. Ever since it has turned out to be falsified. HSBC had confirmed it has no role in the company as Bochicchio denies any involvement.
The court had however determined Bochicchio has not used the money invested in a way he had originally promised. Ever since he has had a high number of assets frozen.
The court has therefore ordered payment of £6.5m to Luxembourg company Palesa Sarl and £27m to Conte and Bochicchio risks seizure of his assets if he fails to comply.
It has recently been a tough time for Conte with Inter Milan losing the Europa League final to Sevilla. He looks set to leave the club next week with former Juventus boss Massimiliano Allegri the current favorite to take over his role.