In 1980 Oliviero Tognoli, an Aluminium and Steel industrialist, approached 5 or 6 financial service banks in Switzerland with the prospect of moving cash from the United States to Switzerland. This money was allegedly from the proceeds of aluminium and steel sales in the USA. He elicited the services of many Swiss bankers for this exercise, including Enrico Rossini, who owned a company called Traex SA Financial and Broker Services. Traex was on the same floor as Consultfin, the company Palazzolo was approached to be Chairman of in 1981. In the Pizza Connection, Tognoli knew all the players.