Berlusconi used Hollywood studios for money laundering

Former Italian Prime Minister Silvio Berlusconi is on trial for laundering money by purchasing copyright licenses from MPAA members. Accused of co-conspiring with him is David Mills, the "estranged husband" of Tessa Jowell, the British copyright minister who has taken many extremist stances in support of the handful of US-led Fortune 100 companies that dominate global entertainment.

Next time you hear an entertainment exec spouting evidence-free garbage about P2P being used to fund terrorism, ask him about Berlusconi and his company's complicity with high official corruption and money-laundering.

Prosecutors say offshore companies set up in the early 1990s were used to buy American film rights which were sold at hugely inflated prices to Mr Berlusconi's television company, Mediaset.

It was an intricate system designed, they allege, to ensure the former prime minister avoided paying tax.

Link (Thanks, Becky!)