Calisto Tanzi (17 November 1938 to 1 January 2022) was an Italian businessman who founded the dairy and food company Parmalat in 1961. Parmalat collapsed in 2003 with a deficit of roughly 14 billion euros, described as Europe's biggest bankruptcy at the time, and Tanzi was convicted of embezzling approximately 800 million euros from the company, serving more than two years in prison before being placed under house arrest. Authorities also seized an art collection of his worth more than 100 million euros, including works by Picasso, Monet and van Gogh. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
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Calisto Tanzi founded Parmalat and was convicted of embezzling roughly 800 million euros from the company before its 2003 collapse, making his case a standard accounting practice reference on financial statement fraud.
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1. Wikidata: Calisto Tanzi
- Wikidata Q931991, class allow-list match (w-wdresolver-0926)
- Wikidata Q931991 P569 (w-bbfill-business4-0926 knownqid fetch)
- Wikidata Q931991 P570 (w-bbfill-business4-0926 knownqid fetch)
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Calisto Tanzi (17 November 1938 - 1 January 2022) was an Italian businessman.
- Associated With: Accounting
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