Procedure Skyfall: AG James Announces Convictions In $3 Million Dollar Loan Fraud And Cash Laundering Scheme

Procedure Skyfall: AG James Announces Convictions In $3 Million Dollar Loan Fraud And Cash Laundering Scheme

Kenneth Martinez and Metropolitan EnterprisesConvicted for Stealing Over $455,000 in Taxes

<>Three Defendants and Three organizations Plead Guilty to Felony Chargesand Must Pay an overall total of $1.5 Million in Restitution and Judgments

Kenneth Martinez, Owner of Metropolitan Enterprises, Sentenced to Three to Nine Years in jail

NEW YORK – Attorney General Letitia James today announced the felony beliefs of three people and three businesses, due to an investigation that is three-year fraudulent methods into the scaffolding industry conducted by the Attorney General’s workplace, with the Port Authority of the latest York and nj-new jersey, the newest York state dept. Of Taxation and Finance (DTF), therefore the nyc class Construction Authority. The joint research — dubbed “Operation Skyfall” — unveiled that the six co-defendants involved with a two-year scheme to defraud finance institutions away from vast amounts, after which laundered the profits through numerous companies.

“We are all devoted to uncovering and businesses that are prosecuting have actually defrauded their state and various banking institutions away from millions, ” said ny Attorney General Letitia James. “These fraudsters must now need to pay right straight back taken funds and stop their unlawful operations. (more…)

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