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Thread: Italy issues Warant for Chinaglia's Arrest for Insider Trading and Extortion at Nazio

  1. #1
    All League
    Join Date
    Jan 2005
    Camden, NJ

    Italy issues Warant for Chinaglia's Arrest for Insider Trading and Extortion at Nazio

    Arrest warrant issued for Chinaglia, 8 others at Lazio
    Associated Press

    ROME -- Former Italy and Cosmos star Giorgio Chinaglia is being sought by authorities, who issued an arrest warrant for him and eight others Friday on charges of extortion and insider trading at the Italian league club Lazio.

    Chinaglia, who helped the Rome team win its first Italian title in 1974, is wanted in connection with an alleged attempt to influence the price of Lazio shares over the last six months, the prosecutor's office in Rome said.

    Recently, Chinaglia also worked as a studio analyst during game broadcasts for ESPN during the 2006 World Cup.

    Reached on his New Jersey-based cell phone by The Associated Press, Chinaglia referred comment to his lawyer in Rome.

    "There's no comment because the lawyers are handling it all," he said.

    The 59-year-old Chinaglia, a former Lazio president, is accused of trying to oust current club president Claudio Lotito in a takeover bid backed by a Hungarian investment group, according to Italian media reports.

    Lotito is being investigated by the prosecutor's office in Milan in a separate case of insider trading, involving the sale of Lazio stock in 2005, according to Italian news agency ANSA.

    Lazio, which already is embroiled in Italy's game-fixing scandal involving Juventus, AC Milan and Fiorentina, is traded on the Milan stock exchange.

    Chinaglia, who lives in the United States, played alongside Pele, Franz Beckenbauer and Carlos Alberto for the Cosmos in the North American Soccer League in the 1970s and was one of the league's dominant players.

  2. #2
    hahaha man I can't help but laugh. Do you expect anything else coming out of Italy at this point? Chinaglia is great, he was a hell of a striker and you have to love him for his ****-'em-all attitude. He may pay some kind of fine, but he won't go to jail.


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