Wednesday, October 27, 2010

CT: Accountant Charged With Mail and Wire Fraud and Money Laundering

A federal magistrate released Norwich accountant F. Robert LaSaracina on $500,000 bond this morning [10/20] after he was presented in U.S. District Court on federal charges of mail fraud, wire fraud and money laundering.

LaSaracina has been charged in state Probate Court of defrauding a family estate of millions of dollars and is named in a number of Superior Court suits by plaintiffs who allege he has defrauded them by taking money for purported investments.

The U.S. Attorney's Office is charging him with devising and executing a scheme to obtain monety and property from victms for his personal and business expenses.

U.S. Magistrate Judge Donna F. Martinez ordered LaSaracina to surrender his passport by noon Friday; restricted him to Connecticut; ordered him to avoid contact with any person who might become a witness for the prosecution and anyone who has invested money with him; and directed him to refrain from excessive use of alcohol and drugs.

Full Article and Source:
Feds Charge LaSaracina With Fraud, Money Laundering

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