Giovanni's firm used federal tax break programs backed by taxpayers (now one of the major components of Obama's stimulus package) to lure investors into buying Perpetua Inc. Giovanni’s firm is now even a designated and backed stimulus package investment firm. Investors in the cemetery company received large federal tax breaks for buying into and supporting this qualifying minority owned business venture.

While Giovanni’s company lured investors into the Perpetua deal before the Obama Administration and the passage of the federal stimulus package, the same federal tax break programs were used. Now Giovanni’s company is a fully federally backed program that uses stimulus money to lure investors for tax breaks.

Click here to read about Treasury Secretary Tim Geithner’s announcement for $1.5 billion in federal tax credits under the Stimulus Package and Giovanni’s quote, "It’s very timely to have gotten this. Our focus is in line with what the stimulus is doing."