The stunning business-page success story of Glock, the Austrian handgun manufacturer, has also had its share of stunning tabloid intrigue and skullduggery. This week, another chapter full of sordid details is expected to unfurl in a suburban Georgia courtroom, where the former chief executive of the company is scheduled to go on trial on theft and racketeering charges.
The executive, Paul Jannuzzo, 55, was indicted in 2009, and faces up to 30 years in prison, according to the Atlanta Journal-Constitution. Jannuzzo fled the U.S. before his original trial date, but was rearrested and shipped back to Georgia for trial. He has pleaded not guilty.
Jannuzzo is accused of siphoning company funds to a Cayman Islands account and hatching other schemes in collaboration with Peter Manown, a former Glock executive who has pleaded guilty to theft and is expected to testify at the trial, the Journal-Constitution’s Andria Simmons reports.
Three men hired by Glock to investigate another employee suspected of stealing have also been indicted on racketeering, extortion and other charges.