Calisto Tanzi
From Wikipedia, the free encyclopedia
Calisto Tanzi (born 1938 in Italy) is an Italian businessman notorious for embezzling an estimated eight-hundred million euros from Italian company Parmalat, founded by him, resulting in a great loss for the company.[1] Tanzi was the founder of Parmalat and its CEO at the time. Tanzi founded Parmalat in 1961 after dropping out of college. He was sentenced to 10 years in prison for fraud.[2] Parmalat collapsed in 2003 with a 14bn euro ($20bn; £13bn) hole in its accounts in what remains Europe's biggest bankruptcy.[2]
