Pierre Falcone

French businessman

Pierre Falcone (born 19 March 1954 in Algiers) is a notorious French arms dealer and convicted felon. He was imprisoned for one year in 2000, was a fugitive from a 2004 French global arrest warrant, convicted in France in 2007, and in 2009 on charges of illegal arms trafficking, tax fraud, and money laundering, and as of 2010 served a six-year prison sentence. He is the Chairman of Pierson Capital Group.

Early life

Falcone was born the son of Pierre Falcone senior in Algeria, who created Papa Falcone, a "fully integrated operation" in the fish industry in Algeria.^{[citation needed]} Falcone and his parents moved to France when he was eight years old along with other French citizens when the country became independent in 1962.^[1]

Falcone studied law and economics at the University of Aix-en-Provence from 1973 to 1975.^{[citation needed]}

Career

Falcone moved to Brazil in 1977 at the age of 24; he soon started a business in trading agricultural products.^{[citation needed]} He developed a wide portfolio of clients and partners throughout South America in the following years which led him to represent several French and Chinese companies in countries such as Brazil or Mexico.^{[citation needed]}

Falcone moved in 1988 to China, where he later founded and headquartered his company Pierson Capital Asia.^{[citation needed]}

He started his Chinese operations with consulting services for leading European companies looking to establish themselves in China.^{[citation needed]} He negotiated the first insurance authorization granted by China to a Western company for French giant AXA as well as the involvement of Aerospatiale in the making of the first Chinese communication satellite.^{[citation needed]}

In 1993, Falcone negotiated financing for the MPLA government of Angola during its civil war against UNITA. This financing was achieved in exchange for the future oil production of Angola for French interests. The subsequent delivery of weapons to support José Eduardo dos Santos's Angolan government led to a trial known as Angolagate in France. He was imprisoned for one year in 2000, was a fugitive from a 2004 French global arrest warrant, convicted in France in 2007, and in 2009 on charges of illegal arms trafficking, tax fraud, and money laundering, and as of 2010 served a six-year prison sentence. In 2010, a US Senate Committee on Homeland Security and Governmental Affairs presented his case as a case history.^[2]

In 2011, the charges against Falcone were dropped by an appeals court after he had served half of his sentence in a French prison.^[3] The appeals court acknowledged that Falcone had been officially mandated by the Angolan government to acquire arms as well as food and medicine.^[4]^[5]

The company he heads, Pierson Capital Group, invests in hotels, real estate developments, agriculture and agroindustrial projects, oil, gas, and personal authentication systems. Pierson Capital Group^[6] and has over 2600 employees and three main operations in Beijing,^[7] Luanda, and Mexico City.

Private life

Pierre Falcone is married to former Miss Bolivia and artist Sonia Falcone. They have three children.

Honors

On June 17, 2013, the Hebrew University of Jerusalem conferred him an honorary degree for supporting brain sciences.^[8]

References

^ "Pierre Falcone". Corporate-Executives.com. Retrieved 12 April 2013.
^ "KEEPING FOREIGN CORRUPTION OUT OF THE UNITED STATES: FOUR CASE HISTORIES MAJORITY AND MINORITY STAFF REPORT" (PDF). February 2010.
^ Yves Thréard (30 April 2011). "L'honneur retrouvé de Pierre Falcone". Le Figaro (in French). Retrieved 11 December 2016.
^ Eric Sessel, "Pierre Falcone: the man who was wrongly labeled as an arms’ dealer", Allvoices.com, 13 June 2012 Archived March 24, 2013, at the Wayback Machine
^ Pierre Falcone on Angola's public television at his visit to President José Eduardo dos Santos on YouTube, May 23, 2011
^ "Pierson Capital Group". piersoncapital.com. 5 July 2013. Retrieved 11 December 2016.
^ (fr) Angolagate : l'autre vie de Pierre Falcone, Le Point, October 2, 2008
^ Seventy-sixth Board of Governors meeting commences with Convocation, awarding of honorary degrees Archived 2013-11-05 at archive.today, The Hebrew University of Jerusalem, June 2013