User:Ogilvygroup/Stefano ricucci

Stefano Ricucci is an Italian entrepreneur.

1995. The future Anna Falchi's husband has a negligible entrepreneurial turnover of a few billion lira and some real estate, which has a Banca di Roma lien on it (7-8 billion lira). At the very same Banca di Roma, 4 checking accounts which are overdrawn by 2,3 billion lira are open. Outside Zagarolo (Rome) he is basically nobody. But he manages somehow to scrape financing 500 kilometers up north, with a local bank that does not even have a branch in Rome, Banca Agricola Mantovana (BAM). On November 10, 1995 a forward contract for almost 5 billion lira is opened on this checking account and the overall financing with BAM (8.5 billion lira) reaches 80% of the total exposure of Ricucci with the bank.