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...begun to jump the shark tank of acceptable television behavior. The German edition earlier this year featured ongoing hot tub orgies, and in mid-June the British show was visited by police after a fight broke out in the house. But in Italy, it's all about the gab. Fausto Enni, one of the Italian show's directors on hand in Naples, said he wants people who are bound to babble: "The U.K. version picks extroverts too, but maybe it's harder for the English to recognize themselves in the characters on the screen. For the Italians, you just need...

Author: /time Magazine | Title: Big Brother, Are You Watching? | 6/27/2004 | See Source »

Parmalat on Ice The milkmen were delivered just in time. After a three-month probe, Milan prosecutors sought indictments against Parmalat founder Calisto Tanzi, former finance director Fausto Tonna and 27 other people last week, the day before the expiration date to qualify for fast-track court proceedings in the €14 billion collapse of the Italian dairy-and-food giant. The executives are accused of an elaborate fraud scheme, including falsifying balance sheets and misleading investors. The Italian affiliates...

Author: /time Magazine | Title: Biz Watch | 3/21/2004 | See Source »

...Buconero, which means "black hole") in tax havens such as the Cayman Islands and Luxembourg to hide the declining state of its finances. Tanzi has reportedly admitted shifting some $630 million from the company to other businesses but insists some underlings devised the accounting fraud. Former chief financial officer Fausto Tonna has given prosecutors crucial details about the firm's labyrinthine bookkeeping...

Author: /time Magazine | Title: Enron, Italian Style | 1/12/2004 | See Source »

...million from the company to finance other family businesses, but insists that some of his underlings are to blame - they were the ones who devised the accounting fraud, he has told prosecutors, although he accepts ultimate responsibility. One key witness has already emerged: former chief financial officer Fausto Tonna, who has given prosecutors crucial details about the firm's labyrinthine accounting, but insists Tanzi was calling the shots. The scandal burst into the open in November, when Parmalat had trouble meeting a routine bond payment, prompting tougher scrutiny of its books by its own auditors and Italian regulators. In early...

Author: /time Magazine | Title: Autumn Of The Patriarch | 1/4/2004 | See Source »

...here!" he shouted. When Eddie Gonzalez, 40, saw the agents moving in, he jumped over the barricade and shouted, "What the hell are you doing?" The officers immediately began spraying a green-colored pepper spray from canisters held at their waists and pushed him down to the ground. Student Fausto Vilar, 18, was hit with the butt of a rifle as he jumped over the bars. "They grabbed me and an older man behind me and pushed us down to the pavement. I couldn't breathe or see. I had to go to a house and spray a water hose...

Author: /time Magazine | Title: The Elian Grab | 5/1/2000 | See Source »

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