Babelgum Backer In Money Laundering Probe In Italy

More legal wrangles in Italy… Silvio Scaglia, the founder of online video portal Babelgum and the former CEO and founder of Italian broadband ISP Fastweb, has been named as one of 56 people issued with warrants in a money laundering investigation in Italy.

Authorities allege that individuals at Fastweb and Sparkle (the international carrier unit of Telecom Italia) funneled more than