Share
Certificates
President & Chairman
Just
in case you wanted to know what a Cannnon one looked like…
The Cannon Group, Inc. (1986)
The Cannon Group, Inc. (1987)
..and then the criminality*
The Cannon Group
Inc changes its 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
securitiesfraud 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? See the 
Contact Me page on the main
menu
Images
and text © 2012 their respective owners. This site is an archive for
educational
use
only and has no connection whatsoever with The Cannon Group, Inc.