Judge revokes bond for businessman, rape suspect Mark Giannini

MEMPHIS, Tenn. -- Prominent Memphis businessman and rape suspect Mark Giannini will stay behind bars as he awaits another trial.

A judge finalized that decision on Wednesday after Giannini’s defense tried to get his bond set at less than $3 million.

The defense was arguing bond should be lowered after Giannini was found not guilty of rape on a different case last month.

"The judge knows the facts and the circumstances in this case and makes a ruling, and we live by it," said Defense Attorney Steve Farese.

They asked Judge Mark Ward to reverse his decision made last year. He revoked Giannini`s bond after he was accused of trying to coerce and bribe witnesses in the rape case.

This was the third bond hearing since Giannini was found not guilty last month of raping a woman who said she went to his house for a job interview.

Giannini has a drug trial and two more rape trials coming up.

"Each case stands on its particular set of facts [and are] completely different," said Farese.

But Farese said he believes the state is trying the easiest cases first, with that first one ending in an acquittal.

"That`s generally what prosecutors do. We've had confidence from day one."

One piece of evidence that played a role in Judge Ward`s bond decision was a stack of mail that Giannini`s friend sent to him in jail. It contained personal information about people connected to the cases.

The judge said he didn't believe allowing bond would assure Giannini would show up to court or protect the public`s safety.

He said he`ll reconsider bond at the end of the next trial.

Giannini`s defense attorneys said they`re not sure when he`ll appear before a judge again, but his drug trial is set for early September and one of the two rape trials is set for the end of October.