Posts tagged scheme to defraud
Former president of Wilmington construction company pleads guilty to payroll scheme
September 12, 2023 // Acting U.S. Attorney Joshua Levy’s office said Frank Loconte, 62, of Beverly, defrauded union workers of more than $1 million of overtime work and the IRS of more than $3 million by not making the required payroll tax and union dues withholdings and payments. Documents filed in federal court state Loconte used the funds for personal expenses, including vehicles, household improvements, golf club memberships, and personal property taxes for houses in Beverly, Ipswich and Andover, as well as Naples, Florida. Loconte, who served as the president of NER from 2009 to 2022, pleaded guilty on Wednesday to mail fraud and failing to pay taxes, which are charges that carry a combined sentence of up to 25 years in prison.
QUEENS MAN BUSTED FOR BOGUS UNION MEMBERSHIP CASH CON
March 16, 2022 // District Attorney Katz said, “The defendant in this case is accused of taking advantage of his position as a union member and knowledge of Local 79 to line his pockets. More than a dozen individuals – laborers who sought to earn better pay for their hard work – were allegedly conned by this defendant into giving him cash for entry into the Mason Tenders union. I want to thank the union’s leadership for bringing this case to our attention. The defendant is now charged with serious crimes for taking advantage of others to feed his own greed.”