Maurizio parlato biography of george washington
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Former Ferrari and Bugatti executive admits to dodging taxes, taking $2.8 million in bribes to misallocate supercars
- Maurizio Parlato admitted to receiving about $2.8 million in kickback payments, otherwise known as bribes, from selling sports cars.
- Parlato is the former CEO of Ferrari North America and COO of Bugatti of the Americas.
- He also admitted to avoiding paying more than $1.1 million in taxes.
- Visit Business Insider's homepage for more stories.
The former CEO of Ferrari North America and COO of Bugatti of the Americas admitted to a $2.8 million kickback payment scheme he ran while selling supercars.
Maurizio Parlato, 58, of Washington, DC, pleaded guilty to one count of subscribing to a false tax return and one count of not filing a Report of Foreign Bank and Financial Accounts, the US Attorney's Office District of New Jersey announced on Wednesday. The news was first reported by Jalopnik.
Parlato's scheme, according to the announcement, included assisting dealers and buyers in misallocating supercars "to customers who were not on the list of approved purchasers" via kickbacks, otherwise known as bribes. But that wasn't all.
"Parlato admitted that he failed to report the $2.8 million in kickback payments he received as income on his federal individual
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Unbridled Passion
Greeneville, Tennessee, a small city of around 15,000 located in the foothills of the Appalachian Mountains, is probably best known as the longtime home of Andrew Johnson, the 17th president of the United States (as well as the first president to be impeached). Of more significance to this story, Greeneville is also home to Phil Bachman, who, over the course of the last 30 years, has assembled a fascinating collection of Ferraris.
Ferraris are about as common as unicorns in this part of the South, and Bachman, who opened his first auto dealership in 1967, initially collected his fair share of pristine Corvettes, Pontiacs and little British cars. He discovered our favorite marque in 1983, and things took off from there. How far Bachman has come since his first encounter with the Prancing Horse is immediately evident when he and wife (and fellow Ferrari enthusiast) Martha welcome me to their unassuming garage.
Unassuming on the outside, that is: Upon entering, I’m nearly blinded by a sea of bright yellow thoroughbreds. This near-ubiquitous color is far from the whole story, however. When I dig a little deeper, I learn that most of the cars are the last example of their kind built.
“I think the final production car is the one that best exemplifies the serie
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