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 organizations Plead Guilty to Felony Chargesand Must Pay a complete 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 a three-year research into 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 brand new York state dept. Of Taxation and Finance (DTF), while the new york class Construction Authority. The joint investigation — dubbed “Operation Skyfall” — unveiled that the six co-defendants involved with 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 organizations that have actually defrauded hawaii and various finance institutions away from millions, ” said ny Attorney General Letitia James. “These fraudsters must now need to pay right back taken funds and stop their operations that are illegal. Allow this be a class to each and every specific and company that people will never ever stop fighting against those that seek to defraud New Yorkers. Continue reading