Calisto Tanzi

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Calisto Tanzi
criminal association
PenaltyEight years imprisonment (final), 18 years imprisonment (appealed), nine years imprisonment (appealed)

Calisto Tanzi (17 November 1938 – 1 January 2022) was an Italian businessman and convicted fraudster. He founded Parmalat in 1961, after dropping out of college. Parmalat collapsed in 2003 with a €14bn ($20bn; £13bn) hole in its accounts in what remains Europe's biggest bankruptcy.[1] In 2008 Tanzi was found to have embezzled an estimated €800 million from the company, and was jailed for fraud.[2] Although sentenced to up to 18 years in prison, Tanzi served just over two years in jail and then was placed under house arrest. [3]

Trials and imprisonment

Parmalat fraud

In December 2008, Tanzi was convicted by a

Corte di Cassazione reduced it to eight years and one month, after which Tanzi was imprisoned on 5 May 2011.[5]

Parmalat bankruptcy

On 9 December 2010, a court in

criminal association and sentenced him to 18 years in prison.[6] Tanzi appealed the sentence and the appeal trial started in December 2011 in Bologna.[7]

Parmatour bankruptcy

On 20 December 2011, Tanzi was sentenced to a further nine years and two months for the Parmatour bankruptcy.[8]

Parma AC bankruptcy

Tanzi was fined

Parma A.C. in 2002–03 season.[9]

Artwork seizure

In 2001, according to Forbes, he was listed as a billionaire with a net worth of roughly $1.3 billion.

In December 2009 the Italian authorities announced that they had seized nineteen

Matisse, Modigliani, and van Gogh.[11]

Honours

Tanzi was appointed

President Giorgio Napolitano.[12][13]

Personal life and death

Tanzi died of pneumonia in a Parma hospital on the New Year's Day of 2022, at the age of 83.[14][15][16]

References

  1. ^ a b "BBC NEWS - Business - Italian dairy boss gets 10 years". 18 December 2008. Retrieved 16 October 2016.
  2. ^ "Tanzi says he milked Parmalat for $800m - www.smh.com.au". 31 December 2003. Retrieved 16 October 2016.
  3. ^ "Calisto Tanzi dies at 83". Italy24 News English. 1 January 2022. Archived from the original on 2 January 2022. Retrieved 2 January 2022.
  4. ^ "Stangata per Calisto Tanzi in appello: 10 anni e 100 milioni di risarcimento". La Repubblica (in Italian). 26 May 2010. Retrieved 20 December 2011.
  5. ^ "Tanzi in carcere: dovrà scontare 4 anni e 4 mesi". La Repubblica (in Italian). 5 May 2011. Retrieved 20 December 2011.
  6. ^ "Parmalar Chief Calisto Tanzi sentenced to 18 years of jail over £11.7 bn collapse". The Telegraph. 10 December 2010. Retrieved 10 December 2010.
  7. ^ "Parmalat, il crac torna in aula: ora il giudizio d'appello". La Repubblica (in Italian). 9 December 2011. Retrieved 20 December 2011.
  8. ^ "Parmatour, la sentenza: "Nove anni e 2 mesi a Tanzi"". La Repubblica (in Italian). 20 December 2011. Retrieved 20 December 2011.
  9. ^ "Comunicato Ufficiale N°105/CDN (2008–09)" (PDF). Commissione Disciplinare Nazionale (in Italian). Federazione Italiana Giuoco Calcio. 22 June 2009. Retrieved 6 May 2016.
  10. ^ "Parmalat founder Calisto Tanzi's art' seized". The BBC. 5 December 2009. Retrieved 5 December 2009.
  11. ^ Sylvers, Eric (18 September 2019). "Parmalat Founder's Art Collection Heads to Auction in Milan". Wall Street Journal. Retrieved 8 October 2019.
  12. ^ Tanzi non è più Cavaliere di Gran Croce: Alla base della decisione i 5 patteggiamenti e una condanna in secondo grado dell'ex patron Parmalat (Italian)
  13. ^ Quirinale: "Tanzi è indegno ...": Revocato titolo di cavaliere (Italian)
  14. ^ "Tanzi era ricoverato da metà dicembre, infezione polmonare". ANSA. 1 January 2022.
  15. ^ "È morto Calisto Tanzi". Corriere della Sera. 1 January 2022.
  16. ^ Pullella, Philip (1 January 2022). "Calisto Tanzi, Parmalat founder convicted over huge 2003 bankruptcy, dies at 83". Reuters. Retrieved 1 January 2022.
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