Violation Tracker Individual Record

Company: 
OMNE SRL and OMNE SRL Inc.
Penalty: 
$23,405,000
Year: 
2013
Date: 
March 19, 2003
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 Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.