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47°
Monday, apr 29
Tag:
Joseph Falcone
News
Ex-LI Liquor Distributor Sentenced For Defrauding Investors In Product Featured On 'Shark Tank'
A former liquor distributor on Long Island whose product was featured on the TV show “Shark Tank” will spend time in prison after being sentenced for defrauding investors. Joseph Falcone, 60, who formerly operated a wine and liquor distribution business known as 3G’s Vino was sentenced to two years in prison for wire fraud in connection to his fraud scheme. In addition to his prison sentence, Falcone was also ordered to pay $1.8 million in restitution to seven investigators following his guilty plea last June. Acting U.S. Attorney Seth DuCharme said that in December 2012, Falcone establis…
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…