So Italy's Financial Authority (CONSOB), who has since blocked the Recyclix website after reporting that they refused to provide the requested information which would have shown if they were a legitimate operation, are scammers themselves are they?

Why would a legitimate operation fail to provide information requested by the authorities which could have exonerated them?

The answer is that a legitimate business would not deny the request. Recyclix are running a scam, that's why they refused and that is why Italy has blocked their website.