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Colorado developers face accusations of looting family's Brazilian airline.

The Denver Post (Denver, CO)

| October 31, 2004 | COPYRIGHT 2004 The Denver Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Jason Blevins

Oct. 31--In Colorado, Marise Cipriani has spent the past nine years sculpting a 5,000-acre playground with skiing, golf and homes at Granby Ranch, 90 miles northwest of Denver.

A soft-spoken and agile businesswoman, she has won admirers in Grand County and within Colorado's ski industry.

A hemisphere away in her home country of Brazil, life is tumultuous.

Her husband of 25 years, Antonio Celso Cipriani, is shepherding the sale of her family's broken airline, Transbrasil, while facing accusations that he looted the company of millions of dollars.

Celso Cipriani also faces government-led investigations into allegations of illegal money transfers.

No charges have been lodged.

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