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Michael A. Valenti III

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Scrap Metal Company Owner From Allendale Gets Time In Fed Pen For Multi-Million Fraud Scheme Scrap Metal Company Owner From Allendale Gets Time In Fed Pen For Multi-Million Fraud Scheme
Scrap Metal Company Owner From Allendale Gets Time In Fed Pen For Multi-Million Fraud Scheme A scrap metal company owner from Allendale was sentenced Wednesday to 33 months in federal prison for conning customers out of several million dollars over nearly two decades. Craig Cinelli, 49, a Cinelli Iron & Metal Co. (CIMCO) minority owner who hails from Wood-Ridge, must serve nearly all of the sentence. There's no parole in the federal prison system. Two years ago, Cinelli pleaded guilty in U.S. District Court in Newark to conspiracy to commit wire fraud. Several developments followed. The government dismissed charges against his brother, 62-year-old CIMCO majority owner Joseph …

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by Jerry DeMarco