Ex-Italy star Giuseppe Signori has been banned for five years while Atalanta will start the 2011-12 Serie A season with a six-point deduction after the FIGC's disciplinary commission announced their sentences following an investigation into the 'Last Bet' scandal.
Last week federal prosecutor Stefano Palazzi advised the Italian FA over the punishment that should be handed out based on the alleged involvement of those implicated in the scandal.
And the FA has now returned their verdicts. Signori was slapped with a five-year ban and will be excluded from holding any football-related role for life while Atalanta have been deducted six points.
Atalanta captain Cristiano Doni received a three-and-a-half year ban from football and Thomas Manfredini has been suspended for three years.
The sanctions all relate to a criminal case brought forward by prosecutors at the tribunal of Cremona who uncovered an illegal betting ring involving a number of footballers and officials back in June.
Atalanta, Doni, Manfredini and Signori have denied any wrongdoing despite the sentences handed out by the FIGC.
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