Italian Police Probe Dogecoin-Linked Football Club for Money Laundering

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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