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	Giancarlo Parretti
		Giancarlo Parretti, stunned Wall Street by bidding $1.2 billion in cash for MGM/ UA-- a movie company which both Rupert Murdoch and Ted Turner had looked at only months before but decided not to make an offer.
		According to his birth certificate, Giancarlo Parretti was born on October 26, 1940 in the town of Orvieto, Umbria, about 100 miles north of Rome.
		Parretti here had a crucially important connection: his partner's brother, Gianni de Michealis, now Italy's Foreign Minister, who then, as the PSI's Minister for State Participations, was in charge of ENI.
	edwardjayepstein.com /archived/parretti.htm (1728 words)

	VIII (Site not responding. Last check: 2007-10-23)
		Parretti decided he wanted to buy Cannon Group even though they were on the verge of bankruptcy and their debt was just a little under one billion dollars.
		Parretti and Fiorini used a company called Cinema V which was owned by Silvio Berlusconi, and had been only recently incorporated in the Netherlands, to purchase a group of Pathe’s movie theaters in England and Holland for $184 million.
		Parretti was accused by the judge of lying on the witness stand and Parretti accused the bank of suborning perjury by Fiorini.
	www.fraudreview-iesc.com /Article8.html (3235 words)

	Variety.com - Parretti held by Italy on MGM indictments
		Giancarlo Parretti, the one-time head of MGM who was forced out in disgrace, was arrested Monday in Italy on fraud charges stemming from his 1990 takeover and control of the studio.
		Parretti's arrest was based on a 55-count indictment that was unsealed Tuesday in U.S. District Court in Los Angeles.
		Parretti fled the United States in January 1997 before he could be sentenced on a Delaware conviction for perjury and evidence tampering.
	www.variety.com /article/VR1117756581?categoryid=18&cs=1 (586 words)

	Giancarlo Parretti - Wikipedia, the free encyclopedia
		He formerly owned the movie studio Pathé and in 1990 bought MGM, using money borrowed from a Dutch subsidiary of Crédit Lyonnais and contingent on future profits financing the purchase from mogul Kirk Kerkorian.
		During that period the movie studio released almost no movies (one victim being the James Bond franchise), while Parretti enjoyed a Hollywood mogul lifestyle.
		Eventually his ownership dissolved in a flurry of lawsuits and a default by Crédit Lyonnais, and Parretti faced securities fraud charges in the United States and Europe.
	www.wikipedia.org /wiki/Giancarlo_Parretti (111 words)

	How an Italian thug looted MGM, brought Credit Lyonnais to its knees
		Parretti was required to use some of the money to pay down Cannon's old debt, but Parretti and Fiorini still had plenty of money to work with.
		Parretti also had lied in official reports to the SEC about the Cinema V transaction in 1989, in which $184 million of debt had been disguised, and about the merger financing that had been made to look like an equity investment made by him and Fiorini.
		Parretti countered with another memo, and the company was soon mired in a debilitating civil war of memos that left it without effective governance.
	www.dealmemo.com /MGMCreditLyonnais (11608 words)

	Diary entry - Parretti
		Giancarlo Parretti, my mysterious host at L'Circe, had become a movie mogul only recently.
		Parretti shrugged it off, saying “they are trying to keep me out of Hollywood.” He elaborated that he was opposed by the "Hollywood Mafia." "They are all Jews.
		Like a matador, Parretti leaps up, unfurls his dinner napkin, and with it waves the smoke back in the face of the startled woman.
	edwardjayepstein.com /diary/parretti.htm (606 words)

	Former MGM Studio prez indicted - Oct. 12, 1999
		Parretti fled to Italy in 1996 just days before his sentencing in that case.
		Parretti sued to regain control, but, facing his own legal troubles, lost that case.
		A French court also sentenced Parretti in absentia to four years in jail for defrauding the French Bank, but he is unlikely to ever face those charges because Italian law does not permit extradition to France.
	money.cnn.com /1999/10/12/news/parretti (451 words)

	Cannon Group Incorporated / Pathe Communications Group
		Parretti, 57, the former head of Cannon, Pathe and MGM, was arrested yesterday in Orvieto, Italy.
		In gaining control of Cannon, Parretti and Fiorini made false statements to the SEC and to the investing public about the source and nature of the funds they were using by failing to disclose that virtually all of those funds had been borrowed from CLBN.
		Parretti and Fiorini secretly pledged Pathe and MGM assets to Credit Lyonnais and CLBN, and used undisclosed guarantees, sham transactions, false and forged documents, and a series of complex international transfers of funds to make more than $500 million in debt appear to be equity.
	www.scripophily.net /cangroupin.html (1691 words)

	SEC v GIANCARLO PARRETTI - Legal Case Documents
		GIANCARLO PARRETTI, Civil Action No. 1:96CV00013 (NHJ) (D.D.C.) The Securities and Exchange Commission ("Commission") announced the filing today of a Complaint against Giancarlo Parretti, formerly the Chief Executive Officer and a director of the motion picture company Pathe Communications Corp. ("Pathe") in the United States District Court for the District of Columbia.
		The complaint alleges that transaction was a sham because Cinema 5 was not independent of Pathe, and in particular that Pathe had provided the funds to establish Cinema 5, that the managing directors of Cinema 5 were Parretti's friends and business associates, and that Cappuccio was Cinema 5's sole representative in arranging the transaction.
		The complaint alleges that Parretti directed that the transaction be recorded in Pathe's books and records and disclosed in periodic filings with the Commission falsely as a sale to an unrelated third party.
	www.legalcasedocs.com /120/254/657.html (606 words)

	[No title]
		The complaint further alleges that Parretti falsely represented to Pathe's independent accountant and in news releases that Cinema 5 was not affiliated with Pathe but was owned and/or controlled by a prominent Italian media magnate.
		The complaint alleges that the merger agreement with MGM/UA required Parretti and/or Fiorini to contribute additional equity as part of the merger financing, and required an opinion from an investment banking firm that the merged entity was solvent.
		The complaint alleges that when they failed to raise the required equity financing, Parretti and Fiorini borrowed more than $300 million of the required monies on a short term basis, and committed Pathe to repay the loans after the merger.
	www.sec.gov /litigation/litreleases/lr14770.txt (887 words)

	Credit Lyonnais & L.F. Rothschild Ready to Topple (Site not responding. Last check: 2007-10-23)
		Representative of this is Credit Lyonnais' financing of Giancarlo Parretti's purchase of Metro-Goldwyn-Mayer from Kirk Kerkorian in 1990 for $1.3 billion.
		Parretti, for his part, is suing a Dutch affiliate of Credit Lyonnais--Credit Lyonnais Bank Nederland NV--for $3.9 billion because he says they conspired to take MGM away from him.
		At the same time, Parretti is on trial in Delaware for forging evidence in a another trial related to his ouster as MGM studio chief.
	www.aci.net /kalliste/lyon.htm (873 words)

	Los Angeles Business Journal: Parretti hotel holding files for Chapter 11: Imperial Hotels cites inability to make loan ...
		On top of all Giancarlo Parretti's problems at MGM-Pathe Communications Co., another one of his companies has filed for Chapter 11 bankruptcy protection in U.S. District Court in Los Angeles.
		Parretti, who bought the entertainment company last fall, remains as a director and majority stockholder of Pathe Communications.
		Godshall said he was unfamiliar with any of the details of the Parretti connection or whether the financier's problems at MGM-Pathe are connected to the bankruptcy filing at Imperial Hotels.
	www.findarticles.com /p/articles/mi_m5072/is_n16_v13/ai_10675016 (806 words)

	S. G. R. MacMillan: For the defence of serious criminal cases
		A leading villain here is Giancarlo Parretti, a onetime Italian waiter whose sinister dealings landed him on the cover of FORTUNE's European edition last July 8.
		Parretti, who has an extensive criminal record, and his partner, Italian businessman and known money launderer Florio Fiorini, bribed Credit Lyonnais bankers to loan them $2 billion.
		Parretti was about to be sentenced several months ago in the U.S. for crimes related to the MGM takeover, when he jumped bail and fled to Italy.
	www.sgrm.com /art44.htm (915 words)

	Giancarlo Parretti -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-23)
		Giancarlo Parretti -- Facts, Info, and Encyclopedia article
		Giancarlo Parretti is an (A native or inhabitant of Italy) Italian financier.
		During that period the movie studio released almost no movies (one victim being the (British secret operative 007 in novels by Ian Fleming) James Bond franchise), while Parretti enjoyed a (The film industry of the United States) Hollywood (A member of the Muslim dynasty that ruled India until 1857) mogul lifestyle.
	www.absoluteastronomy.com /encyclopedia/G/Gi/Giancarlo_Parretti.htm (71 words)

	Parretti, Giancarlo -- Britannica Student Encyclopedia
		No one in Hollywood seemed certain exactly who Giancarlo Parretti was, much less how he pulled off the series of deals that culminated in his 1990 purchase of MGM/United Artist Communications Company for 1.3 billion dollars.
		More results on "Parretti, Giancarlo" when you join.
		Italian movie director and screenwriter Lina Wertmüller is noted for comedies that focus on tensions between the sexes and on political and social issues.
	www.britannica.com /ebi/article-9312905 (389 words)

	Nieuwsselectie: Media
		Een rechtbank in de Amerikaanse staat Californië heeft de voortvluchtige Italiaanse zakenman Giancarlo Parretti veroordeeld tot het betalen van een schadevergoeding van 1,4 miljard dollar (2,7 miljard gulden) in verband met de overneming van filmstudio MGM in 1990.
		Parretti kocht MGM met een lening van 1,3 miljard dollar van de Nederlandse dochter van de Franse staatsbank Crédit Lyonnais.
		Een woordvoerder van CDR erkende gisteren dat het moeilijk zal zijn het geld te innen, omdat Parretti sinds januari spoorloos is, nadat hij in de VS op borgtocht was vrijgelaten.Volgens de rechter in Californië moet Parretti de schadevergoeding betalen wegens fraude bij het verkrijgen van de lening van Crédit Lyonnais en het,,plunderen'' van MGM.
	www.nrc.nl /W2/Nieuws/1997/06/11/Med/05.html (206 words)

	Metro-Goldwyn-Mayer - Wikipedia
		However he also managed to expand the overall film library and production system with the purchase of United Artists in 1981.
		Turner later sold the studios themselves to Giancarlo Parretti[?] in 1986.
		Under the management of Parretti (and his backers, Credit Lyonnais[?]) MGM Studios made a brief resurgence in the 1990s, producing such films as Get Shorty[?] and Leaving Las Vegas.
	wikipedia.findthelinks.com /mg/MGM.html (395 words)

	Business Week: In Business This Week: HEADLINER : GIANCARLO PARRETTI: SUSPECT APPREHENDED. FADE OUT@ HighBeam Research (Site not responding. Last check: 2007-10-23)
		Giancarlo Parretti might be ready for his close-up in court.
		On Oct. 11, Italian police nabbed Parretti, the onetime waiter who became one of Hollywood's most flamboyant personalities following his 1990 takeover of Metro-Goldwyn-Mayer, in the village of Orvieto, where the ex-mogul had been living.
		Parretti, whose rise in the entertainment biz had more to do with his ties to Italian and French politicians than box-office acumen, was brought in on a U.S. extradition request.
	highbeam.com /library/doc0.asp?docid=1P1:29426958&refid=ink_tptd_mag (214 words)

	Giancarlo Parretti - Encyclopedia, History, Geography and Biography (Site not responding. Last check: 2007-10-23)
		Giancarlo Parretti - Encyclopedia, History, Geography and Biography
		This page was last modified 01:15, 12 Mar 2005.
		This encyclopedia, history, geography and biography article about Giancarlo Parretti contains research on
	www.arikah.net /encyclopedia/Giancarlo_Paretti (139 words)

	Winning Is Everything - Law Firm Christensen, Miller, Fink, Jacobs, Glaser, Weil & Shapiro, LLP Attorneys Los Angeles, ... (Site not responding. Last check: 2007-10-23)
		Parretti and the deal quickly went south: Parretti is on the lam, the bank is alleging fraud by several parties, and its lawyers want Kerkorian to give back the money.
		So in 1991, Credit Lyonnais sued Parretti in Delaware, where the studio is incorporated, in an attempt to remove him from power.
		He said he didn’t know what was going on [at the time of the MGM sale to Parretti]; that he didn’t know what actually happened with the money.
	www.chrismill.com /CM/ArticlesAboutOurFirm/ArticlesAboutOurFirm25.asp (3337 words)

	Warrant issued for arrest of Parretti
		Lawyers for Mr Parretti, who claims to be a former waiter at the Savoy Hotel in London, said they had received word by fax that he was in Italy.
		The charges arise from circumstances surrounding his ousting from MGM when it was taken over by the French state bank Credit Lyonnais, which had lent his company substantial amounts of money to fund the purchase and running of the studio.
		Mr Parretti voluntarily returned from Italy to face trial and has been free on bail and living in California.
	www.opinion.telegraph.co.uk /htmlContent.jhtml?html=/archive/1997/01/06/cpar06.html (236 words)

	NewStandard: 9/1/96
		Facing a perjury trial and possible extradition to France for alleged fraud, former MGM movie mogul Giancarlo Parretti isn't going down without a fight.
		Parretti is trying to block a French state bank from selling the Santa Monica-based studio to a group led by studio chairman Frank Mancuso and Kirk Kerkorian, the Las Vegas billionaire who sold Mr.
		Parretti now lives at his son's apartment in Burbank, Calif.
	www.s-t.com /daily/09-96/09-01-96/a06wn005.htm (658 words)

	Variety.com - Parretti's big bill
		In January, Parretti fled to Italy from the U.S. to avoid sentencing on his conviction for perjury and evidence tampering stemming from a 1991 Delaware court battle with the bank over control of MGM and its board.
		Kalin's ruling Monday was not contested, because a condition of his bail called for Parretti to pay $1.1 billion if he fled the U.S., according Jay Coggan, Parretti's attorney in the criminal case and longtime legal counsel.
		While Parretti remains on the lam, attorneys for CL would not speculate if the bank would ever see any of the awarded funds.
	www.variety.com /article/VR1116679892?categoryid=18&cs=1 (275 words)

	Metro-Goldwyn-Mayer - Wikipedia, the free encyclopedia
		In 1990, an obscure Italian promoter, Giancarlo Parretti, announced that he had taken control of France's Pathe Freres, and was about to buy MGM/UA.
		But his house of cards quickly collapsed, and in 1992, Parretti having defaulted, Credit Lyonnais became the new owner of MGM.
		Despite a few commercial successes, Credit Lyonnais was unable to stem the tide of red ink during the mid-1990s; putting the studio up for sale, it found only one willing bidder: Kirk Kerkorian.
	www.wikipedia.org /wiki/Metro-Goldwyn-Mayer (2373 words)

	The Money Bag - "One of the largest financial criminal settlements in history..." (Site not responding. Last check: 2007-10-23)
		Parretti and Credit Lyonnais, many cases have been settled out of court, with records sealed at what is reported to be the bank's insistence.
		Parretti's influence at Credit Lyonnais was based in part on interviews with investigators who had access to the proceedings and sealed documents.
		Parretti dismissed bribery accusations, suggesting that there must be some confusion with his personal generosity: ''He gave gifts, which had little value.'' Indeed, the expensive-looking prints by Picasso and other artists that he lavished on cooperative bankers turned out to be fakes.
	www.themoneybag.com /vb/archive/index.php/t-29556.html (15287 words)

	Paolo Federici, Florio Fiorini, Giancarlo Parretti, l'Eurogest, la Scotti Finanziaria, la Fundus,la Consob, il Ministro ...
		E quando si parla di Fiorini non si può non parlare anche di Parretti.
		Giancarlo Parretti, ex cameriere, quando ora passeggia per Orvieto ripensa ai tempi d’oro di Los Angeles, quando abitava in una villa di Beverly Hills, girava in Rolls Royce marrone, con seguito di starlettes.
		Parretti, conosciuto il carcere, ora passeggia per Orvieto ed ai suoi concittadini racconta d'essere stato assolto dai giudici di Bush.
	www.associttadini.org /eurogest (1297 words)

	Los Angeles Business Journal : Parretti hotel holding files for Chapter 11: Imperial Hotels cites inability to make ... (Site not responding. Last check: 2007-10-23)
		Start / L / Los Angeles Business Journal / April 22, 1991 / Parretti hotel holding files for Chapter 11: Imperial Hotels cites inability to make loan payment.
		Parretti hotel holding files for Chapter 11: Imperial Hotels cites inability to make loan payment.
		Read 'Los Angeles Business Journal: Parretti hotel holding files for Chapter 11: Imperial Hotels cites inability to make loan payment.
	static.highbeam.com /l/losangelesbusinessjournal/april221991/parrettihotelholdingfilesforchapter11imperialhotel/index.html (264 words)

	Business Wire: Credit Lyonnais Retracts Earlier Statement on Settlement Agreement With United States Government (Site not responding. Last check: 2007-10-23)
		WHEREAS, CLBN provided new loans to permit MGM-Pathe to survive, commenced legal proceedings against Parretti and his associates which resulted in their removal from the management of MGM-Pathe, and referred evidence of fraud by Parretti and his associates to the United States Attorney's Office for the Central District of California;
		Certain former CLBN officers exercised bad judgment in their dealings with Parretti and Fiorini; b.
		Two former CLBN officers and one CLSA officer who oversaw CLBN's lending to the Parretti and Fiorini Groups accepted items of value from Parretti and Fiorini, and became too closely associated with Parretti and Fiorini; c.
	www.findarticles.com /p/articles/mi_m0EIN/is_2000_April_28/ai_61808165 (895 words)

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