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 an investigation that is three-year fraudulent techniques into 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), therefore the new york class Construction Authority. The joint research — dubbed “Operation Skyfall” — unveiled that the six co-defendants involved with a two-year scheme to defraud banking institutions away from vast amounts, after which laundered the profits through numerous organizations.

“We are all devoted to uncovering and prosecuting companies that have actually defrauded their state and many banking institutions away from millions, ” said ny Attorney General Letitia James. “These fraudsters must now need to pay right right back taken funds and cease their unlawful operations. Let this be described as a concept to each and every specific and company that individuals will never ever stop fighting against those that seek to defraud New Yorkers. Lees verder