PE fund manager charged with embezzlement
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Acting U.S. Attorney for the District of Puerto Rico, Hector Ramirez Carbo, announced the indictment and arrest of Gian Piovanetti for allegedly embezzling $11.2 million from a private equity fund he managed.
SAN JUAN – The interim federal prosecutor for the Puerto Rico District, Héctor Ramírez Carbó, reported Thursday the accusation and arrest of Gian Piovanetti for allegedly embezzling $11.2 million from a private capital fund he managed. “According to the accusation, this defendant enriched himself and his family by spending millions of dollars that did not belong to him,” Ramírez Carbó said in written statements. Piovanetti, an authorized public …
PE fund manager charged with embezzlement
A former private equity fund manager has been indicted in connection with the alleged embezzlement of US$11.3 million from a fund that he managed. In a federal indictment, a grand jury in Puerto Rico charged Gian Piovanetti — a former registered rep with Popular Securities LLC in San Juan — with one count of embezzlement of bank funds, five counts of money laundering and one count of conspiracy to commit money laundering. According to court fil…
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