Powersports Business online reports today that an Italian court has convicted Piaggio & C. SpA Chairman and CEO Roberto Colaninno for illegal handling of the bankruptcy of a real estate and hotel company. Colannino has been sentenced to more than 4 years of jail time, subject to appeal. Two other Italian bankers were also convicted and sentenced. Colaninno remains in his post at Piaggio. We’ll certainly have more details on this as it becomes more clear.