Tuesday, May 21, 2013

Nevada Man Pleads Guilty To $5.6 Million Embezzlement Scheme

From the Associated Press on 5.21.13:

A Las Vegas man has pleaded guilty to fraud charges in connection with the embezzlement of $5.6 million from the prominent builder of residential high-rises in the Vegas area over nearly five years.
U.S. Attorney Daniel Bogden says Rocco Lazazzaro pleaded guilty Monday to conspiracy to commit wire fraud at the Florida-based Turnberry Associates.
He says Lazazzaro personally was responsible for stealing about $3.7 million from the company that owned or developed the Residences at MGM, Town Square shopping center and the Stirling Club in Las Vegas, among others.
Ex-Turnberry controller Hope Ippoliti also pleaded guilty in March to conspiracy to commit wire fraud. Her sentencing is set for July 11 and Lazazzaro's for Aug. 22.

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