A PIZZA shop owner caught with unexplained wealth, including Louis Vuitton products, Rolex wristwatches, French champagne and large amounts of cash, has been sentenced.
Pantaleo Capoccia, 25, of Paradise, had pleaded guilty to dealing with money reasonably suspected of being the proceeds of crime after being arrested as he boarded a flight to Sydney in February last year.
In sentencing, District Court judge Jack Costello said police had been investigating Capoccia as part of a money laundering syndicate…
“The cash located at the airport and your home was grossly disproportionate to your income as demonstrated by an analysis of your bank records and tax returns.”
He said Capoccia had bought and operated the eastern-suburbs pizzeria, after being awarded a $470,000 payout for a car accident in 2010.