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 fees

<>Three Defendants and Three businesses 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 individuals and three organizations, due to an investigation that is three-year fraudulent techniques within the scaffolding industry carried out by the Attorney General’s workplace, with the Port Authority of the latest York and nj-new jersey, this new York state dept. Of Taxation and Finance (DTF), as well as the new york class Construction Authority. The investigation that is joint dubbed “Operation Skyfall” — unveiled that the six co-defendants engaged in a two-year scheme to defraud finance institutions away from huge amount of money, after which laundered the profits through numerous companies.

“We are all devoted to uncovering and prosecuting companies that have defrauded their state and many finance institutions away from millions, ” said nyc Attorney General Letitia James. “These fraudsters must now must spend right back taken funds and stop their operations that are illegal. Allow this be described as a course to each and every specific and company that individuals shall never ever stop fighting against people who make an effort to defraud New Yorkers. Continue reading “Procedure Skyfall: AG James Announces Convictions In $3 Million Dollar Loan Fraud And Cash Laundering Scheme”