Share Certificates
Just in case you wanted to know
what a Cannn one looked like…
The Cannon Group, Inc. (1987)
..and then the criminality*
The Cannon Group Inc changes it’s name to… Pathe Communications Corporation (1989) (overprinted in red).
|
“The United States Attorney's Office for
the Central District of California is conducting an investigation of certain
transactions involving Giancarlo Parretti ("Parretti") and Florio
Fiorini ("Fiorini") in connection with, inter alia, their
acquisition of control of The Cannon Group, Inc. ("Cannon"), the
name of which was changed to Pathe Communications Corporation
("PCC"); their acquisition of MGM/UA Communications Co.
("MGM"); and their management of Cannon, PCC and MGM-Pathe
Communications Corporation ("MGM-Pathe")” - USAO / United States
Attorney Office, 1999 |
…and later we have a reinvention…
Cannon Pictures, Inc (1991-1994)
|
”*Florio Fiorini, an Italian financier pleaded guilty to charges
he defrauded investors of $1.5 billion in Hollywood deals, including the 1990 purchase of
Metro-Goldwyn-Mayer, federal
prosecutors said. Florio Fiorini and Giancarlo Parretti controlled major entertainment companies
in the 1990s. They appeared before U.S. Magistrate Judge Paul Game Jr.
Fiorini, 60,
was released on $250,000 bond after being ordered to return Monday for
arraignment. Under a plea agreement, Fiorini, former chairman of The Cannon Group
Inc.and Pathe Communications, plead guilty to conspiracy, two counts of
securities fraud and two counts of filing false
reports with the Securities and Exchange Commission. They will serve a a
sentence of 41 months in prison, a $100,000 fine and
banishment from the United States for 10 years after completing his sentence.
The pair were indicted by a Federal Grand
Jury on 55 counts in November 1998. Parretti is fighting extradition from
Italy. The indictment alleged that Parretti and
Fiorini, with the help of Credit
Lyonnais Bank Nederland and later its parent, illegally schemed to take over Cannon, and falsely enhance
the financial condition of Cannon/Pathe, and to purchase MGM, later known as MGM-UA.” |
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