Fiorini gets prison term

MILAN — Controversial Italian businessman Florio Fiorini, the former owner of Metro-Goldwyn-Mayer with partner Giancarlo Parretti, was formally sentenced Friday in Milan to eight years and seven months in jail for the bankruptcy of Sasea.

Sasea, a Swiss-based financial company led and owned by Fiorini, was involved in the acquisition of MGM and in a series of judicial fights with French bank Credit Lyonnais, former partner of Fiorini in the MGM deal.

Fiorini is already in jail. He was imprisoned in 1991 in Switzerland, and later moved to Italy.

More Biz

  • Russell Simmons

    Russell Simmons Accused of Sexual Misconduct By Eight Women

    MILAN — Controversial Italian businessman Florio Fiorini, the former owner of Metro-Goldwyn-Mayer with partner Giancarlo Parretti, was formally sentenced Friday in Milan to eight years and seven months in jail for the bankruptcy of Sasea. Sasea, a Swiss-based financial company led and owned by Fiorini, was involved in the acquisition of MGM and in a […]

  • Disney-Fox Deal: Uncertainty, Anxiety Heighten as

    Disney-Fox: Shock, Fear and Uncertainty Heighten in Face of Impending Mega Deal

    MILAN — Controversial Italian businessman Florio Fiorini, the former owner of Metro-Goldwyn-Mayer with partner Giancarlo Parretti, was formally sentenced Friday in Milan to eight years and seven months in jail for the bankruptcy of Sasea. Sasea, a Swiss-based financial company led and owned by Fiorini, was involved in the acquisition of MGM and in a […]

  • Ryan Wiik photographed at his home

    Norwegian Cowboy Actor Settles Lawsuit Against Ex-Lover

    MILAN — Controversial Italian businessman Florio Fiorini, the former owner of Metro-Goldwyn-Mayer with partner Giancarlo Parretti, was formally sentenced Friday in Milan to eight years and seven months in jail for the bankruptcy of Sasea. Sasea, a Swiss-based financial company led and owned by Fiorini, was involved in the acquisition of MGM and in a […]

  • Obit Obituary Placeholder

    Entertainment Attorney Arnold Burk Dies at 85

    MILAN — Controversial Italian businessman Florio Fiorini, the former owner of Metro-Goldwyn-Mayer with partner Giancarlo Parretti, was formally sentenced Friday in Milan to eight years and seven months in jail for the bankruptcy of Sasea. Sasea, a Swiss-based financial company led and owned by Fiorini, was involved in the acquisition of MGM and in a […]

  • WME

    Marcus Levy, Amy Lynch and Andrew Russell Join WME's Comedy Touring Department

    MILAN — Controversial Italian businessman Florio Fiorini, the former owner of Metro-Goldwyn-Mayer with partner Giancarlo Parretti, was formally sentenced Friday in Milan to eight years and seven months in jail for the bankruptcy of Sasea. Sasea, a Swiss-based financial company led and owned by Fiorini, was involved in the acquisition of MGM and in a […]

  • Meet those who spoke out on

    Meet Some of the People Who Came Out Against Weinstein, Ratner and More

    MILAN — Controversial Italian businessman Florio Fiorini, the former owner of Metro-Goldwyn-Mayer with partner Giancarlo Parretti, was formally sentenced Friday in Milan to eight years and seven months in jail for the bankruptcy of Sasea. Sasea, a Swiss-based financial company led and owned by Fiorini, was involved in the acquisition of MGM and in a […]

More From Our Brands

Access exclusive content