Swiss-based financial consultant Daniele Migani is under investigation by the Milan Prosecutor's Office for allegedly orchestrating a sophisticated financial scam.

Authorities have seized €18 million from Migani, who is accused of defrauding high-profile clients, including designer Giorgetto Giugiaro and music producer Caterina Caselli.

The alleged scheme involved unauthorized financial activities and risky investments in the Luxembourg fund Skew Base, leading to losses exceeding €50 million.

Migani and his associates reportedly misled clients into believing they were dealing with authorized professionals, prompting several victims to file formal complaints.

The investigation continues as more details emerge about the extent of the financial misconduct.