Share Certificates
Just in case you wanted to know
what one looked like…
The Cannon Group, Inc. (1987)
..and then the criminality*
Overprinted with the ridiculous Pathe Communications Inc.
(1989)
…and later we have a reinvention…
Cannon Pictures, Inc (1991)
*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.
Got a better image, information or something I’m missing or
I have wrong?
Like to add something?
Please get in touch images@cannon.org.uk
Images and text ©
2007 their respective owners. This site is an archive for educational
use only and has
no connection whatsoever with The Cannon Group, Inc