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Resource ID: #12522
Subject: Business
Source: Pittsburgh Post-Gazette
Affiliation: 
Date: 

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Description

Bankers and government officials entrusted two of Pittsburgh's most precious businesses--the hometown brewery and candy maker--to Michael Carlo, believing him when he said he would save jobs. An investigation by the Pittsburgh Post-Gazette revealed that they wanted to believe him so much they were oblivious to a host of warning signs: prior FBI investigations; prior allegations of checkkiting; dozens of tax liens; lawsuits from unpaid creditors; and other Carlow businesses that had failed. (Dec. 10 - 11, 1995)

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