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Key Takeaways Italian police are probing Triestina Calcio over suspected money laundering and accounting issues. The club received major funding […] The post ItalianKey Takeaways Italian police are probing Triestina Calcio over suspected money laundering and accounting issues. The club received major funding […] The post Italian

Italian Police Probe Dogecoin-Linked Football Club for Money Laundering

Author: CoindooSource: Coindoo
2026/02/05 05:38
3 min read
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CLUB$0.008581-2.05%
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Key Takeaways

  • Italian police are probing Triestina Calcio over suspected money laundering and accounting issues.
  • The club received major funding inflows but remains heavily in debt.
  • Dogecoin is hovering just above the critical $0.10 support level.

The operation included searches at the club’s offices in the northeastern city of Trieste, as well as at the homes of 15 individuals.

Authorities are examining suspected offenses including money laundering, false accounting, and the use of invoices tied to transactions that allegedly never occurred. The probe covers activity between 2022 and 2025, a period during which the club passed through three different ownership structures.

Ownership Changes and Dogecoin Link Under Scrutiny

During the period under investigation, Triestina Calcio was owned successively by Atlas Consulting, then by LBK Triestina Holdings, controlled by U.S.-based LBK Capital. In September 2025, the club was acquired by House of Doge, the commercial arm linked to the Dogecoin Foundation.

The involvement of a crypto-linked entity has added further attention to the case, although investigators are not focusing on Dogecoin itself, but rather on the club’s financial flows and accounting practices across multiple ownership regimes.

Focus on Public Funds and International Bank Transfers

Investigators are reportedly concentrating on two main financial channels. The first involves roughly 10 million euros in public funding received by Triestina, with authorities checking how the money was ultimately used.

The second strand concerns approximately 40 million euros transferred to the club through U.S. and Canadian banks. Despite these inflows, sources say the club is currently burdened with debts totaling around 60 million euros, raising questions about financial management and cash flow allocation.

READ MORE:

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Dogecoin Trades Just Above the $0.10 Psychological Level

Dogecoin is currently trading slightly above $0.10, a level widely viewed as a major psychological and technical support zone. After a prolonged decline from the $0.14-$0.15 region, price action has compressed around this area, signaling that buyers are attempting to defend it.

On the 4-hour chart, DOGE continues to post lower highs while holding above the $0.10 barrier. RSI remains in the low-to-mid 40s, reflecting weak momentum without entering deeply oversold territory, a typical sign of consolidation rather than capitulation.

MACD remains in negative territory, but the histogram has started to flatten, suggesting bearish momentum may be slowing. For bulls, holding above $0.10 is critical. A sustained break below this level could open the door to deeper downside, while successful defense may allow DOGE to stabilize and attempt a short-term recovery.

As legal scrutiny surrounding House of Doge unfolds and broader market sentiment remains cautious, the $0.10 level is shaping up as a decisive line for Dogecoin in the near term.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

The post Italian Police Probe Dogecoin-Linked Football Club for Money Laundering appeared first on Coindoo.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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