Thursday, February 27, 2014

Pennsylvania Man Arrested In $2.5 Bank Embezzlement Case - Also Faces Fraud Charges For Ripping Off eBay Customers

From the Pittsburgh Tribune-Review on 2/27/14:

A Downtown man facing prosecution on charges that include embezzling $2.5 million while he worked for the Bank of New York Mellon Corp. was arrested this week in Arizona on counterfeiting charges, federal prosecutors said.
Assistant U.S. Attorney Tonya Goodman on Wednesday asked U.S. District Judge Terrence McVerry to revoke the bail of Joseph Graziano, 28.
A grand jury indicted Graziano in September on 14 counts of bank fraud, mail fraud and embezzlement. The bank fraud counts accuse him of taking out loans and using expensive cars he no longer owned as collateral.
The mail fraud counts include his ripping off eBay customers by accepting thousands of dollars for electronics and sending buyers empty boxes.
Read the story here.

Update (2/11/2015): Graziano pleads guilty.  Read an update of the story here.

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