According to this news report, Calisto Tanzi, the founder of Italian food manufacturer Parmalat was sentenced earlier this month in Milan to serve ten years in prison for his criminal role in the firm's well-publicized collapse. Tanzi was convicted and sentenced on bankruptcy fraud and criminal association charges. Dubbed "Europe's Enron," the Parmalat collapse resulted in a series of criminal trials including two of Tanzi's adult children (who negotiated lighter prison sentences) and numerous other defendants. Three employees of Bank of America were acquitted of related charges. Tanzi is the first Parmalat executive to sentenced to prison.
ABOUT THE BLOG OWNER
The Bankruptcy Fraud Reporter
Related Links
Bankruptcy Criminal Statutes
« Florida mortgage fraud scheme ends in eight year prison term | Main | Speedy trial limits extended in Rivas case on defense complexity motion »
December 31, 2008
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83453044669e20105369fd6ee970b
Listed below are links to weblogs that reference Parmalat founder sentenced following conviction for bankruptcy fraud in Milan:
Verify your Comment
Previewing your Comment
This is only a preview. Your comment has not yet been posted.
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment
As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.
Having trouble reading this image? View an alternate.
QUESTIONS & FEEDBACK
Bankruptcy Fraud Treatise
- Order a Copy Online
Recent Posts
- Illinois farmer's wife sentenced to probation following guilty plea
- IRS bankruptcy fraud investigation leads to structuring charges
- Judicial Conference certifies to House bankruptcy fraud basis for judge's impeachment
- Pennsylvania debtors receive 15 day prison sentence for failing to disclose family business
- Funeral home operator indicted on charges of concealing assets and faking funeral expenses
- Speedy trial limits extended in Rivas case on defense complexity motion
- Parmalat founder sentenced following conviction for bankruptcy fraud in Milan
- Florida mortgage fraud scheme ends in eight year prison term
- Woman charged with filing fraudulent bankruptcy petitions in alleged foreclosure scheme
- Probation imposed for couple convicted of concealing income
March 2009
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | 31 |
Comments