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$145M Scheme: Hudson Valley Man Known As 'Magician' Admits To One Of Largest Ever Frauds $145M Scheme: Hudson Valley Man Known As 'Magician' Admits To One Of Largest Ever Frauds
$145M Scheme: Hudson Valley Man Known As 'Magician' Admits To One Of Largest Ever Frauds A Northern Westchester man who earned the nickname “The Magician” for his ability to slash tax bills has pleaded guilty to orchestrating a massive $145 million fraud scheme that spanned a decade, federal officials announced. Rafael Alvarez, age 61, of Cortlandt Manor, entered the plea in Manhattan federal court on Tuesday, Dec. 17, after being charged with conspiracy to defraud the US and aiding the preparation of false tax returns, according to Edward Y. Kim, Acting US Attorney for the Southern District of New York.  Alvarez, the CEO and owner of ATAX, a Bronx-based tax preparation bu…

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by Ben Crnic
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Bank Manager From Hudson Valley Sentenced For Hiring A Hitman To Murder Brother-In-Law Bank Manager From Hudson Valley Sentenced For Hiring A Hitman To Murder Brother-In-Law
Bank Manager From Hudson Valley Sentenced For Hiring A Hitman To Murder Brother-In-Law A Hudson Valley bank manager is headed for federal prison after pleading guilty to plotting to hire a hitman to murder her own brother-in-law. Orange County resident Reshma Massarone, age 40, of Pine Bush, a hamlet of Crawford, was sentenced to 9.5 years in prison and three years of post-release supervision on Wednesday, Aug. 28, said Damian Williams, US Attorney for the Southern District of New York.  “The defendant devised a chilling plan to have a member of her own family murdered for the low price of ten thousand dollars," said Williams. "Her plan was unthinkably heartless. For th…

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by Kathy Reakes