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76°
Friday, may 31
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3G’s VINO LLC
News
LI Businessman Admits To Defrauding Investors In Distribution of Wine Featured On 'Shark Tank'
The owner/operator of a Long Island wine and liquor business that was featured on “Shark Tank” is facing up to 20 years in prison for defrauding investors. Joseph Falcone, of Melbourne, Florida, pleaded guilty this week in federal court in Central Islip to wire fraud for his scheme to solicit investors out of thousands of dollars, U.S. Attorney Richard Donoghue announced. In December 2012, Falcone established 3G’s VINO LLC, which operated in Bethpage and Farmingdale. Donoghue said that among other products, the stores distributed a single-serving, wine in a sealed glass that was featured on…