Franco Dragone, who became famous the world over with his Cirque du Soleil creations, is on the verge of bankruptcy. His real estate portfolio in Belgium has also been confiscated.
The production company of the 65-year-old businessman from La Louvière, Productions du Dragone, has been facing financial problems for several years. In recent months, the situation has only become more difficult. A large number of employees, including communication staff and IT specialists, have been dismissed.
Of the 31 employees at the beginning of this year, 19 are still working, half of whom have been given notice of dismissal. Although the management told the staff that it wanted to keep activity in La Louvière, the socialist trade union believes that a closure is imminent. The SudPresse newspapers also take into account the relocation of activities to the Canadian subsidiary in Montreal.
Fraud issues also play tricks on Dragone. At the end of 2015, Dragone was suspected of tax fraud and money laundering. The confiscation by the Belgian state of his real estate portfolio – said to involve several houses, apartments and land – takes place in the context of this fraud case. The court wants to prevent Dragone from taking the neighbourhood abroad.
Wikipedia just gives you glorified info until 2017.Above information covers his disaster fraud mafia life!