Five Amex execs indicted for usury

Case involves 'revolving' credit cards

(ANSA) - Trani, April 11 - An Italian judge on Friday indicted five American Express executives and managers for alleged fraud and usury against residents in the southern Italian region of Puglia in a case involving so-called 'revolving' credit cards.
    Amex denies the charges. The probe, which began four years ago, led to the Bank of Italy temporarily ordering Amex to stop issuing credit cards in Italy.
    The precautionary measure was taken after some card users in Puglia were implicated in a probe into money laundering and usury, or loan-sharking.
    The credit-card probe is based in the Puglia city of Trani.


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