Gianpiero Fiorani

As a result of the official investigations by the Italian prosecutors' office (Procura Nazionale) and by the Italian National Bank Banca d'Italia ^[1] 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 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, 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.

In an interview given on July 14, 2007 to the Italian newspaper La Repubblica^[2] 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."