Italian financial police have searched the headquarters of Triestina Calcio, a third-tier football club, as part of an ongoing investigation into alleged money laundering, according to information from Reuters.
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.
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.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/italian-police-probe-dogecoin-linked-football-club-for-money-laundering/