Avanti!. In August 1993, a series of fund-raising events were organised but the newspaper failed to revive. The company in charge of the newspaper Nuovo Editrice L'avanti! was formally declared bankrupt in March 1994 after the electoral collapse of the Italian Socialist Party which had failed to gain a minimum of 3% of the vote. The fact that the paper was a political newspaper and the influence of the Craxi in a way contributed to its fall when the PSI was hit by heavy corruption scandals. In October 1993, desks and typewriters were seized to pay 105 million lire. The newspaper was in a chronic crisis and closed in November 1993: after nine months of work without retributions, journalists not longer judged as credible the reassurance made by newspaper and party leaders and they ceased to come to the redaction by voting the start of bankruptcy procedure during an assembly. Publishing house "Nuova Editrice Avanti!" was liquidated in January 1994. After 1994 With the dismantling of PSI, the newspaper fell under liquidation, as other assets of the party. The last congress, held in Rome on 12 November 1994, appointed a liquidator commissioner, Michele Zoppo, to whom was given Avanti among with other assets. After that date, three different periodical appeared in news stands that, though all of them recalled to the historical socialist newspaper, were completely different politically aligned: In 1996, the clone newspaper L'Avanti! (with the "L") was published by the International Press of Valter Lavitola and directed by Sergio De Gregorio, founder in 2000 of the political movement Italians in the World and elected as senator with Italy of Values in 2006 and then with The People of Freedom in 2008. This newspaper ceased its publication after a few months and reappeared in 2003. Lavitola made of his periodical an instrument for political movements that had nothing in common with the editorial line of the original socialist newspaper. Furthermore, L'Avanti was close to the center-right premier Silvio Berlusconi. Lavitola and De Gregorio were investigated by prosecutor of Naples for criminal association aimed to fraud against the State: Lavitola, as de facto owner and co-administrator of International Press, and De Gregorio, as effective partner since 1997 and hidden co-administrator of the same company, along with other ten defendants, declared that the publisher of L'Avanti! had the requirements for obtaining the funds provided by the law for publishing, cashing illegally