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John Visconti

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BUSINESS
January 24, 2008 | Andrea Chang, Times Staff Writer
A Florida company won the rights to Axium International Inc.'s staffing subsidiary at a federal bankruptcy auction Wednesday, two weeks after the Hollywood payroll service provider abruptly folded. MPS Group Inc., a provider of staffing and consulting services, won the auction after its bid of $8.075 million was approved by a bankruptcy judge during a three-hour proceeding in downtown Los Angeles. The publicly traded Jacksonville, Fla.
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BUSINESS
January 9, 2008 | Kim Christensen and Andrea Chang, Times Staff Writers
A top Hollywood payroll services company filed a liquidation bankruptcy action Tuesday, a day after it sent its employees home and told them not to come back to offices in Los Angeles, New York, Toronto and London. Axium International Inc., based at 5800 Wilshire Blvd. in Los Angeles, was one of three major companies that process payrolls for and provide related services to production companies, studios, trade unions and other industry clients. The Chapter 7 petition, filed in U.S.
BUSINESS
January 16, 2008 | Andrea Chang, Times Staff Writer
The largest creditor of Axium International Inc. sued the company's former principal owners on Tuesday, alleging massive fraud and theft a week after the Hollywood payroll service provider filed for liquidation bankruptcy. In a lawsuit filed in federal court in Los Angeles, investment firm GoldenTree Asset Management said Axium's former principals, John Visconti and Ron Garber, treated the company "as their own personal piggy bank to finance their extravagant lifestyles."
BUSINESS
February 27, 2008 | Kim Christensen and Andrea Chang, Times Staff Writers
John visconti says he was thinking only of his son's future when he bought him a $220,000 Aston Martin sports car for his birthday -- no matter that the little guy was 3 years old. "I had saved money for three years to pay for that as an investment for my son," Visconti told a lawyer for his estranged wife, whom he married when she was 20 and he was nearly 60. At the time, the Aston Martin might have been just a pricey bone of contention in yet another acrimonious Beverly Hills breakup.
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