A 48-year-old man, who in the past scammed companies for millions of euros, was arrested at the end of May in Ventimiglia, Italy, near Monaco.
For nearly ten years the man managed to stay out of the hands of the international police organization Interpol.
The man, whose identity has not yet been released, had been internationally suspected since 2011 when a New York court had issued an arrest warrant against him.
The master scammer set up a fraudulent system between 2004 and 2010 in which he managed to get aircraft parts at a number of major manufacturers for a total value of 8 million dollars (or 7,110,000 euros).
However, the suppliers never saw a cent.
The parts were resold to companies around the world and the money was sent to various accounts in the name of family members and other accomplices.
After his business was discovered, he managed to stay out of the hands of the police for ten years.
Eventually the Italian police could catch him when he had booked a hotel stay to watch the Grand Prix Formula 1 in Monaco.
Agents were waiting for the man in his hotel and could put him in chains.
Right now he is sitting behind bars in Italy and awaiting extradition to The United States.
He risks 20 years in jail in America.