On Friday, a Cobb County Superior Court jury convicted former general counsel and chief operating officer of Glock, Inc., Paul F. Jannuzzo, on charges of racketeering and theft.
Jannuzzo, who served as general counsel from 1991-2003 at the popular firearms manufacturer, now faces up to 30 years in prison.
Jury foreman Hal Mendel spoke to The Fulton County Report about how the jury reached its verdict. He explained that a key witness Peter Manown, a former Glock executive who allegedly collaborated with Jannuzzo on his nefarious dealings, gave convincing testimony. Moreover, he added that the defense did a poor job defending Jannuzzo against Manown’s claims.
Mendel told The Fulton County Report that the jury convicted Jannuzzo of three of the 7 racketeering charges he faced:
• That Jannuzzo misappropriated company money when he directed an Atlanta law firm holding some of Glock’s corporate funds in escrow to pay $16,000 to a cabinet maker for cabinets in his home;
• That he forged signatures on a document associated with a $3.4 million loan from Glock company Consultinvest to a real estate investment group as part of a scheme to skim anticipated profits from a shopping center development deal; and
• That he diverted $177,000 in insurance premiums that Glock companies had paid to an insurance company established by Glock to a fictitious company he controlled in the Cayman Islands.
The key witness, Manown, testified that he and Jannuzzo intended to split the insurance money once it landed into a Cayman bank account (Manown agreed to a plea deal for his involvement with Jannuzzo, he is now serving 10 years of probation). But added, “I don’t know whether we ever took it out of that account, to be honest.”
“We felt he was totally, totally guilty of many things,” Mendel told The Fulton County Report. He also said the jury found it strange that during the trial no one questioned what Jannuzzo did with the funds he allegedly embezzled.
After the jury reached its verdict, the prosecutor, Assistant District Attorney John C. Butters, explained in a private conversation that, “It’s all in Cayman accounts and we can’t get that information.”
“That,” said Mendel, “is probably why the defense didn’t want to say he [Jannuzzo] didn’t get any money.”
In addition to the racketeering charges, Jannuzzo was also found guilty of theft by conversion for failing to return a $2,500 pistol he was given after he left the company in 2003.
On this charge, the defense argued that Jannuzzo tried to return the gun, but was unsuccessful in his attempt.
The jury wasn’t buying this argument, according to Mendel.
“He was chief counsel. He was a lawyer. He signed guns in and out all the time. He knows right from wrong … and he knew it was wrong. … He had possession of stuff that was not his,” Mendel explained.
Jannuzzo attorneys say they plan to appeal the verdict. But given the preponderance of evidence and the testimony by Manown it’s unlikely they’ll have success.
For more on this case, check out the full story at The Fulton County Report.
Pictures courtesy of John Disney, Daily Report