Thursday, February 27, 2014

Connecticut Man Awaits Sentencing In $14 Million Embezzlement Case; Including $2.1 Million From Local Church

From the New Haven Register on 2/24/14:

Victims of Gregory P. Loles, the Easton man who pleaded guilty in July 2011 to embezzling more than $10 million, including $2.1 million from St. Barbara’s Greek Orthodox Church in Orange, will have to wait a few more days to see him sentenced.
The trade-off, however, is that Loles could receive the maximum 30-year penalty his charges carry.
The Rev. Peter Orfanakos, the pastor at St. Barbara’s, arrived at U.S. District court along with several of Loles’ other victims on Monday morning thinking the sentencing would finally occur later that day, this after Loles had seen his sentencing postponed five times.
But a day of brisk and at times intense cross-examination, where Loles was grilled about his role in a $14 million scheme in Greece in which he allegedly stole money from a prominent Greek family, means he won’t be sentenced until Wednesday.

Read the whole story here.

No comments: