john-visconti

Axium Fallout Continues: Why Was Sports Illustrated Swimsuit Model and Soft Core Porn Actress Amber Smith On The Payroll?

Mark Graham · 01/16/08 01:37PM

The bombshell allegations against the partners of Axium, the Hollywood payroll company that recently declared emergency Chapter 7 bankruptcy, keep coming. According to court documents filed in the United States District Court (Central District of CA division), Goldentree Asset Management is taking partners John Visconti and Ron Garber to court for "diverting untold millions of dollars in cash and other assets to secret bank accounts" and "using Axium as their own personal piggy bank to finance their extravagant lifestyles." Zing! Thanks to our base of well-connected tipsters, we got our hands on PDFs of the court filings. We read through the 35-page document and picked out the juiciest moments for your enjoyment. We're talking multiple identities, cash payments to former supermodels for "consulting" and all sorts of other general shadiness not seen since the halcyon days of Enron. Trust us, it's GOLD.

Axium Fallout: The Wagging Finger Of Shame Points Mostly Towards John Visconti

Mark Graham · 01/14/08 04:50PM

In the six days since news broke that Axium, payroll company to a number of Hollywood studios, ceased operations after declaring emergency Chapter 7 bankruptcy, we have received countless tips about the company's spotty business practices over the last six months or so. Many of the tips revolved around John Visconti, one of the firm's principal owners and a former chair and CEO of the company. He sounds like a real peach! His CV is full of bizarre fun facts allegations like this: there's a possibility that Visconti isn't his real last name (still digging on that one) and that he used to have bullet proof glass in his office on Wilshire. More goodies, including a handy cheat sheet of the events that led to the company's demise and loss of up to $500 million in liabilities, after the jump!