Italian Fashion Designer, Gai Mattiolo Arrested for fraud

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Gai Mattiolo was arrested Friday on suspicion of bankruptcy fraud.

Mattiolo, who has designed outfits for Sharon Stone, Geri Halliwell, Pamela Anderson and Juliette Lewis, is accused of siphoning funds from his fashion house before declaring bankruptcy.

Mattiolo has been placed under house arrest at his villa in Rome while Italian authorities investigate.

Giancarlo Tabegna, one of Italy’s top corporate lawyers, is also under house arrest.

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