Light Rain Fog/Mist 47°
Tag:

Marcello Sozio

News
Long Island Man Sentenced For $1.1M Bank Loan, Credit Card Fraud Schemes Long Island Man Sentenced For $1.1M Bank Loan, Credit Card Fraud Schemes
Long Island Man Sentenced For $1.1M Bank Loan, Credit Card Fraud Schemes A former business owner from Long Island has been sentenced in connection with a scheme to defraud banks, business partners, and a customer out of about $1.1 million.  Marcello Sozio, age 65, of Huntington, was sentenced to 36 months in prison for wire fraud, according to an announcement from the United States Attorney’s Office for the Eastern District of New York on Thursday, Oct. 14. He was also ordered to pay about $1.1 million in forfeiture and restitution to the victims. “Today, the defendant has been deservedly sentenced to prison for the financial harm he caused by de…

SHARE

by Nicole Valinote
News
Long Island Man Admits To $1M Bank Loan, Credit Card Fraud Schemes Long Island Man Admits To $1M Bank Loan, Credit Card Fraud Schemes
Long Island Man Admits To $1M Bank Loan, Credit Card Fraud Schemes A Long Island man who was operating a hyperbaric oxygen chamber business in Great Neck has admitted to a million-dollar bank loan and credit card fraud scheme involving a parent and child. Marcello Sozio, 62, of Huntington, will face up to 20 years in prison after pleading guilty in Central Islip federal court to wire fraud in connection with a scheme to defraud banks and a customer of his business. As part of his plea, Sozio also agreed to pay approximately $1.1 million in restitution, U.S. Attorney Richard Donoghue announced. Between March 2014 and December 2016, Sozio applied for and ob…

SHARE

by Zak Failla