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 a complete of $1.5 Million in Restitution and Judgments

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

NEW YORK – Attorney General Letitia James today announced the felony beliefs of three people and three businesses, because of a three-year research into fraudulent methods within the scaffolding industry carried out by the Attorney General’s workplace, with the Port Authority of brand new 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 involved with a two-year scheme to defraud banking 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 actually defrauded their state and many banking institutions away from millions, ” said nyc Attorney General Letitia James. “These fraudsters must now must pay right straight back taken funds and cease their operations that are illegal. Continue reading “Procedure Skyfall: AG James Announces Convictions In $3 Million Dollar Loan Fraud And Cash Laundering Scheme”