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Gary Confredo

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$3 Million Scheme: Long Island Financial Advisor Sentenced For Fraud $3 Million Scheme: Long Island Financial Advisor Sentenced For Fraud
$3 Million Scheme: Long Island Financial Advisor Sentenced For Fraud A New York financial advisor will be spending time behind bars after he admitted to defrauding a local bank out of millions. Long Island resident Gary Confredo, a 61-year-old from East Northport, received his sentence of 42 months on Tuesday, May 14, the United States Attorney's Office Eastern District of New York announced. Confredo, also known as Gary Conte, is the former operator of Goldstar Financial Management Corporation, a financial services business based in Commack. Original Story: East Northport Financial Advisor Admits To $3M Bank Loan Scheme However, between November…

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by Sophie Grieser
Neighbors
Long Island Financial Advisor Admits To $3M Bank Loan Scheme Long Island Financial Advisor Admits To $3M Bank Loan Scheme
Long Island Financial Advisor Admits To $3M Bank Loan Scheme A Long Island financial advisor could spend decades in federal prison after admitting to his role in a $3 million bank loan scheme. Gary Confredo, age 60, of East Northport, pleaded guilty to conspiring to commit bank fraud in federal court in Central Islip Friday, Nov. 4. Prosecutors said Confredo, also known as Gary Conte, conspired with others to submit fraudulent applications for commercial loans and lines of credit to Bank of America on behalf of his clients at the Commack-based Goldstar Financial Management Corp. Between November 2016 and October 2019, he submitted altered tax retu…

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by Michael Mashburn