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Offshore Leaks Database

Data from
Panama Papers - The Power Players
Member of the Italian Senate (1996-2001) (2001-2013); Member of the European Parliament for Italian Islands (1999-2004)

Marcello Dell’Utri

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Giuseppe Donaldo Nicosia, an advertising executive, is on the lam from Italian authorities following accusations of involvement in a $50 million tax fraud scheme that allegedly sold advertising space and fraudulently claimed value added tax credits. Italian prosecutors allege that Nicosia reaped millions of dollars from the scheme for himself and partners, who included former Senator Marcello Dell’Utri, an ally of former Italian President Silvio Berlusconi and who is currently serving an unrelated seven-year jail sentence for collusion with the Italian mafia.

In the data

Nicosia was the sole shareholder of the British Virgin Islands company Darion Trading Ltd, incorporated in May 2011. In November 2011, Nicosia, as an individual, sold two New York apartments opposite Carnegie Hall for $3.2 million to a Delaware company, Amadocia Inc. Darion Trading also signed the apartment purchase documents as sole shareholder and president of Amadocia Inc. In September 2015, the U.S. Department of Justice sought to enforce an Italian restraining order in U.S. courts that would constrain Nicosia from exercising any rights over his U.S. properties. But Amadocia sold the apartments in October for $3.72 million, before a court approved the Justice Department's request.


Nicosia's lawyers did not respond to repeated requests for comment.
This visualization contains relevant information in relation to the profiled individual. Some additional connections might show up once we release the full structured data connected to the Paradise Papers investigation in the coming weeks.


There are legitimate uses for offshore companies and trusts. The inclusion of a person or entity in the ICIJ Offshore Leaks Database is not intended to suggest or imply that they have engaged in illegal or improper conduct. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities included in the database based on addresses or other identifiable information. The data comes directly from the leaked files ICIJ has received in connection with various investigations and each dataset encompasses a defined time period specified in the database. Some information may have changed over time. Please contact us if you find an error in the database.

There are legitimate uses for offshore companies and trusts. Read more