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Violation Tracker Individual Record

Company: OMNE SRL and OMNE SRL Inc.
Penalty: $23,405,000
Year: 2003
Date: March 19, 2003
Offense Group: competition-related offenses
Primary Offense: fraud
Violation Description: The case stemmed from a joint federal-state investigation of an elaborate Ponzi scheme involving the sale of $18.8 million in fraudulent promissory notes for the renovation of the Imerpiale Hotel in Taoromina, Sicily and an additional $4.5 million in promissory notes for the financing of an Azerbaijan oilfield clean and recovery business.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Eastern District of Louisiana
Civil or Criminal Case: criminal
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.