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.”
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