A Soviet-born U.S. citizen appears to have been a key player in a massive telecom scam in Italy.

"Rome Judge Aldo Morgigni has issued an arrest warrant for Eugene Gourevitch, believed to have been born in the Soviet Republic of Kyrgyzstan and who has reportedly held a U.S. passport since 1990, for alleged involvement in a fraud that is said to have siphoned an astonishing $2.7 billion from the wholesale telephony divisions of Telecom Italia SpA and Fastweb SpA between 2003 and 2006," writes Computerworld's Philip Willan.

"Gourevitch's Italian associates allegedly employed fictitious receipts for telephony services to fraudulently claim more than $400 million in value added tax from the Italian authorities through a so-called 'carousel fraud,'" Willan writes.

Click here to read the Computerworld article.