The man who lives across the road at the bottom of the garden has gone bankrupt. Having built a nasty new house that obstructed a view across miles of classic countryside to the Arno (not interrupting my view or I'd have decked him), he was sued the moment it was finished.
The people who sued him had given him money to invest for them (he was a financial adviser in a local bank) and he lost the lot. Unfortunately he had been doing his day job in the evenings as well, so he was liable. How ostentatious to build a new house, now sequestered, after losing all that money that belonged to other people. And the house he lives in has this monstrosity blocking what was once his garden and his lovely view.
It seems he was lending out the money entrusted to him, at usury interest rates, to poorer people wanting to buy flats. They defaulted.
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