
Forged Assets: The European Enron and the Parmalat Black Hole
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What happens when the largest dairy and food corporation in Italy, a global empire sponsoring Formula 1 teams and football clubs, is discovered to be a complete financial mirage? The Parmalat scandal of 2003, often dubbed "e;Europe's Enron,"e; exposed a 14-billion-euro black hole built on shockingly primitive deception. Calisto Tanzi, Parmalat's founder, aggressively expanded the company globall...
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What happens when the largest dairy and food corporation in Italy, a global empire sponsoring Formula 1 teams and football clubs, is discovered to be a complete financial mirage? The Parmalat scandal of 2003, often dubbed "e;Europe's Enron,"e; exposed a 14-billion-euro black hole built on shockingly primitive deception. Calisto Tanzi, Parmalat's founder, aggressively expanded the company globall...
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