Berlusconi guilty of fraud

MILAN — Local magistrates sentenced Wednesday Italy’s tycoon-turned-politico Silvio Berlusconi to 16 months’ imprisonment for falsifications of accounts, related to the acquisition in 1989 of film distribution company Medusa Cinematografica.

Berlusconi was also fined 50 million lire (about $30,000).

Carlo Bernasconi, president of Fininvest’s film producer/distrib unit Medusa Films (a new company which adopted the same name and logo as Medusa Cinematografica, which was closed some years ago) and one of the three CEOs of Fininvest’s TV unit Mediaset, was also sentenced to 16 months.

Neither Berlusconi nor Bernasconi will serve a single day in prison, because their sentences were immediately suspended. Those sentences were not, however, canceled, meaning that both were technically found guilty.

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