Piofrancesco borghetti biography channels

Apartment 32C is situated in one of the towers of 15 Central Park West—a lofty, three-bedroom perch from which to view the city, although perhaps not so lofty as the asking price of $27.7 million.

Italian business bigwig Piofrancesco Borghetti, who serves as chairman of the board at Marbert Holding AG and a handful of other powerful companies, bought the spread for just $9.8 million in 2008, according to city records.

It seems he may be selling for more than just the chance to take advantage of a good market: The Real Deal has noted that he has been charged with crimes in Italy, including embezzling 19 million euros and making fraudulent bankruptcy claims.

We guess he could use the money from the sale and, encouraged by his upstairs neighbors’ ability to more than double their money with the sale of a 37th-floor 3-bedroom condo, Mr. Borghetti apparently saw no reason not to go for triple.

He’s angling for a little more than $10,000 a square foot (the apartment