Gianpiero Fiorani (

Codogno Codogno (; Lodigiano: ) is a town and ''comune'' of 15,868 inhabitants in the province of Lodi, Lombardy, northern Italy. It is the main center of the plain known as Basso Lodigiano, which has about 90,000 inhabitants. It received the honorary tit ...

, September 12, 1959), is an Italian

banker A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

and

manager Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities o ...

who was implicated in the Italian banking

scandal A scandal can be broadly defined as the strong social reactions of outrage, anger, or surprise, when accusations or rumours circulate or appear for some reason, regarding a person or persons who are perceived to have transgressed in some way. Th ...

of 2005 known as "''

Bancopoli "Bancopoli" was the name coined by the Italian press for the finance and banking scandals between July 2005 and January 2006. The Italian Banca Popolare Italiana (BPI), in competition with Holland's ABN AMRO for control of Banca Antonveneta, was ...

''".

Biography

With a degree in

political sciences Political science is the scientific study of politics. It is a social science dealing with systems of governance and power, and the analysis of political activities, political thought, political behavior, and associated constitutions and la ...

, Fiorani was the manager of the bank

Banca Popolare Italiana Banca Popolare di Lodi was an Italian cooperative bank based in Lodi, Lombardy. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group. History Banca Popolare di ...

(formerly Banca Popolare di Lodi). In the summer of 2005, this bank was investigated over the

scandal, and then by magistrates (GIP) in

Rome , established_title = Founded , established_date = 753 BC , founder = King Romulus (legendary) , image_map = Map of comune of Rome (metropolitan city of Capital Rome, region Lazio, Italy).svg , map_caption ...

and

Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...

. Fiorani is considered one of the " furbetti del quartierino" (smartasses of the 'hood). In December 2005, after the conclusion of this investigation, Gianpiero Fiorani was arrested. He regained his freedom on June 13, 2006 because of a general parliamentary

pardon A pardon is a government decision to allow a person to be relieved of some or all of the legal consequences resulting from a criminal conviction. A pardon may be granted before or after conviction for the crime, depending on the laws of the ju ...

by a speedy

bipartisan Bipartisanship, sometimes referred to as nonpartisanship, is a political situation, usually in the context of a two-party system (especially those of the United States and some other western countries), in which opposing political parties find co ...

initiative of both chambers in the Italian parliament. He spent months trying to clear himself of the charges. 68.4% of the shareholders of the bank where he was the

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

("''amministratore delegato''"), voted to sue him in a

class action A class action, also known as a class-action lawsuit, class suit, or representative action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member or members of that group. The class actio ...

Mismanagement and fraud at the Banca Popolare di Lodi

As a result of the official investigations by the Italian prosecutors' office (''Procura Nazionale'') and by the Italian National Bank ''Banca d'Italia'' it became clear that for years, Fiorani and his hidden associates had become the total controllers of the Banca Popolare di Lodi, using it to gain control of other small banks such as Popolare di Crema, but also for their own personal advantage, such as getting

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

properties for themselves and for third parties, operating arbitrarily, with absolute internal, external and institutional control. Among other things, the official investigations established that in order to cover its losses, the bank charged its unsuspecting customers increasing bank fees. Thus, according to the (GIP) magistrate

Clementina Forleo Maria Clementina Forleo (born 1963, in Francavilla Fontana, province of Brindisi) is an Italian preliminary judge (''Giudice per le indagini preliminari'', or ''GIP'' for short) at the Court of Milan. She came to national prominence after discov ...

, many small account holders suffered huge losses. It was also confirmed that if an account holder died and the relatives did not close the account quickly, it was illegally seized by the bank.

Advice to victims

In an interview given on July 14, 2007 to the Italian newspaper ''

La Repubblica ''la Repubblica'' (; the Republic) is an Italian daily general-interest newspaper. It was founded in 1976 in Rome by Gruppo Editoriale L'Espresso (now known as GEDI Gruppo Editoriale) and led by Eugenio Scalfari, Carlo Caracciolo and Arnoldo ...

'' Fiorani released a statement that affirmed, "With all my experience and competence, I find myself in a broadcast to explain to Italians how not to get cheated by banks and insurance companies."

References

{{DEFAULTSORT:Fiorani, Gianpiero Italian bankers 1959 births Living people